hai
can i know what is the entries are generated when you do purchase order and,sales order in( packing slip and invoice process).
Rgds
chiraag
hai
can i know what is the entries are generated when you do purchase order and,sales order in( packing slip and invoice process).
Rgds
chiraag
Purchase:
if inventory model group is marked with post physical stock and if Purchase parameters is marked with post delivery note in ledger
then the following entry will happen when we update Packing slip:
Dr Packing slip account(Purchase DN) 1000
Cr Packing slip offset acccount(Purchase DN offset) 1000
then when we update invoice, the above entries will be reversed along with the invoice update
Cr Packing slip account 1000
Dr Packing slip offset account 1000
Dr Purchase account(Purchase Receipt account) 1000
Cr Vendor Account (vendor posting setup) 1200
Dr Tax (If any) 200
Sales order :
the same way
Dr Packing slip account(Sales DN) 1000
Cr Packing slip offset acccount(Sales DN offset) 1000
Invoice updates reverse the packingslip entries and post the final entries as below
Cr Packing slip account(Sales DN) 1000
Dr Packing slip offset acccount(Sales DN offset) 1000
Dr Customer Balance(customer posting profile) 1200
Cr Sales Reveune(Item Posting-SO revenue) 1200
Dr Consumption(Item Posting-Consumption) 1000
Cr Issue(Item Posting-Issue) 1000
Thanks - JK