General Ledger Transactions for Sales Orders
These are the general ledger transactions posted by Ostendo for Sales Orders.
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Transaction |
Debit |
Credit |
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Customer Deposit |
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Customer Deposit Paid |
Bank (Asset) |
Customer Deposits Unapplied (Liability) |
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Sales Order Picking |
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Sales Order Picking |
Sales Lines Picked (Asset) |
Inventory (Asset) |
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Sales Order Picking |
Sales Lines Picked (Asset) |
Non Stock Items (COS) |
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Sales Order Picking |
Sales Lines Picked (Asset) |
Catalogue Costs (COS) |
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Freight Costs |
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Freight Invoice |
Freight Outwards (COS) |
Creditors (Liability) |
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Sales Invoice |
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Sales Cost |
Cost of Goods Sold (COS) |
Sales Lines Picked (Asset) |
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Invoice Income |
Debtors (Asset) |
Sales (Income) |
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Freight Recovery |
Debtors (Asset) |
Freight Recovered (Income) |
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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.