How to automatic post the profit OR loss to short term Capital / long term

[Former Member]

Hi,

How to automatic post the profit OR loss to Short term Capital gain / Long term capital gain on posting of Sales transaction ?

Incase the inventory item is less than one year older then the difference should be posted to the G/L of Short term Capital gain, where as if the item is more than one year older then the difference should be posted to the G/L of Long term Capital gain

Thanks in advance

Samir Gandhi

[Former Member]

I don't think any logic can be used to reach your goal. How B1 system should post in such a fussy conditions?

In case the inventory item is less than one year older then the difference should be posted to the G/L of Short term Capital gain

How can you identify these items? An inventory is a moving concept like a river. It come and goes with all different ways even as to value and revalue them.

Please follow the common sense to face reality.

Thanks,

Gordon