Money out and stock
Where do I record stock, materials or goods for resale?
Quick answer
Open Money Out and record the payment once with its date, amount, supplier and receipt or invoice. Choose Stock, materials and goods (shown as Cost of goods bought for resale or goods used in professional wording). Keep private purchases separate and check the current GOV.UK guidance if one payment contains both business and personal items.
Step by step
- Choose Money Out and enter the payment once.
- Record the date, amount, supplier and a description of the stock, goods or materials.
- Choose Stock, materials and goods, or Cost of goods bought for resale or goods used in professional wording.
- Attach the receipt or supplier invoice and keep private purchases separate.
- Review the linked GOV.UK guidance when a purchase has both business and personal items.
Check current official guidance
Tax treatment depends on the customer’s circumstances. Check the current official guidance before filing or advising them.
HMRC: expenses for reselling goods ↗Before you finish
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Open Messages & Support inside Sumvra and tell us which screen you are using. Include the guide title above so we can help you more quickly. Please do not include passwords, authenticator codes, full bank details or tax references.