These are the general ledger transactions posted by Ostendo for Sales Orders.
Transaction | Debit | Credit |
Customer Deposit | ||
Customer Deposit Paid | Bank (Asset) | Customer Deposits Unapplied (Liability) |
Sales Order Picking | ||
Sales Order Picking | Sales Lines Picked (Asset) | Inventory (Asset) |
Sales Order Picking | Sales Lines Picked (Asset) | Non Stock Items (COS) |
Sales Order Picking | Sales Lines Picked (Asset) | Catalogue Costs (COS) |
Freight Costs | ||
Freight Invoice | Freight Outwards (COS) | Creditors (Liability) |
Sales Invoice | ||
Sales Cost | Cost of Goods Sold (COS) | Sales Lines Picked (Asset) |
Invoice Income | Debtors (Asset) | Sales (Income) |
Freight Recovery | Debtors (Asset) | Freight Recovered (Income) |
Customer Deposit Applied | Customer Deposits Unapplied (Liability) | Debtors (Asset) |
Sales Lines Picked
The Sales Lines Picked account is for the value of sales lines picked but not yet invoiced. Ostendo treats the picking of inventory out of stock as a separate transaction to the invoice, which is reflected in the financial transactions.
Customer Deposits
The Customer Deposit function is optional and enables a customer deposit to be paid before the sales invoice is generated. The customer deposit is not recognised as income until it is applied to one or more sales invoices.
Ibis Business Intelligence Solutions
Website: www.ibisbis.com | Email: info@ibisbis.com
Australia: 1800 427 424 | New Zealand: 0800 427 424
© Copyright Ibis Business Intelligence Solutions. All rights reserved! By accessing this website you accept our Terms of Use.