These are the general ledger transactions posted by Ostendo for Point-of-Sale (POS).

 

Transaction	Debit	Credit
POS Retail Sale
POS Order Picking	Sales Lines Picked (Asset)	Inventory (Asset)
POS Invoice Income	Debtors (Asset)	Sales (Income)
POS Invoice Cost	Cost of Goods Sold (COS)	Sales Lines Picked (Asset)
POS Payment
Undeposited Funds	Undeposited Funds (Asset)	Unapplied Payments (Asset)
Payment Applied	Unapplied Payments (Asset)	Debtors (Asset)
Merchant Fees

 

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.