| Transactions |
Debit (DR) |
Credit (CR) |
NOTES |
|
|
|
|
| SUPPLIER |
|
|
|
| Supplier Invoice |
GL ACCOUNTS |
SUPPLIER |
Company being invoiced, Accounts Payable to Supplier |
| Supplier Credit |
SUPPLIER |
GL ACCOUNTS |
purchase returned, Accounts Receivable from Supplier or reversing the accounts payable above. |
| New Goods Receipt |
STOCK GL |
NIL |
one sided only |
| New Goods Credit |
NIL |
STOCK GL |
one sided only |
| Supplier Payment |
SUPPLIER |
BANK/Cash(GL) |
paying out cash, Asset decreased |
|
|
|
|
| CUSTOMER |
|
|
|
| Customer Invoice |
COST OF SALES |
STOCK |
sales incurred, so as cost of sales |
|
CUSTOMER |
SALES |
Accounts Receivable from Customer |
| Customer Credit |
STOCK |
CUSTOMER |
Stock returned |
| Customer Receipt |
BANK (GL) |
CUSTOMER |
receipt customer payment |
| Customer Journal |
GL ACCOUNT |
CUSTOMER |
usually, can be other way around, says on screen when entering journal |
|
|
|
|
| GENERAL LEDGER (GL) |
|
|
|
| General Ledger Journal |
GL ACCOUNTS |
GL ACCOUNTS |
|
| General Ledger - Cash Payment |
GL ACCOUNTS |
BANK |
|
| General Ledger - Cash Receipt |
BANK |
GL ACCOUNTS |
|
| General Ledger - Statement Journal |
GL ACCOUNTS |
BANK |
usually, can be other way around, says on screen when entering |
|
|
|
|
| STOCK |
|
|
|
| Stock Adjustment |
STOCK |
GL ACCOUNT |
unless negative quantities |
| Stock Transfer (aka Stock Transfer) |
STOCK |
STOCK |
Dr "To" Branch,Cr "From" branch |
| Transactions - Part Assembly (aka Kit Assembly) |
STOCK |
STOCK |
Dr "New Part", Cr "Assembly Parts" |
|
|
|
|
| Period End and GL Posting |
GL(Cr) |
GL(Dr) |
Reverse above Entries to Journal Books in order to clear the Entries, also for Reporting Purposes. |
