User Guide‎ > ‎

Usage for AR Profit Centre, AP Cost Centre, Inventory Cost Centre

 

AR Profit Centre

 

   

Account

Document

Cost Centre Source

Debit/Credit

Receivables Account

 

Invoice/Debit Memo

Invoice/Debit Memo

Debit

Credit Memo 

 

Invoice/DM

Credit

Credit Adjustment

 

Credit Adjustment

Credit

Payment

Invoice/DM

Credit

Over Payment

(if Deposit Account not defined)

Customer

Credit

Sales Account

 

Invoice

Invoice

Credit

Trade Disc. Account

Invoice

Invoice

Debit

Credit Memo

Invoice

Credit

Term Disc. Account

Payment

Customer

Debit

Exch. Diff Account

Payment

Customer

Debit/Credit

Sales Return Account

Credit Memo

Invoice

Debit

Credit Adjustment

Credit Adjustment

Debit

Deposit Account

Over Payment

Customer

Credit

 

 

 

AP Cost Centre

 

 

Account

Document

Cost Centre Source

Debit/Credit

Payable Account

 

Vendor Invoice/Debit Memo

Vendor Invoice/Debit Memo

Credit

Vendor Credit Memo 

 

Vendor Invoice/DM

Debit

Debit Adjustment

 

Debit Adjustment

Debit

Payment

Vendor Invoice/DM

Debit

Over Payment

(if Deposit Account not defined)

Vendor

Debit

Expenses Account

(use only when AP non-stock invoicing is checked in Company Setup)

Vendor Invoice

Vendor Invoice

Debit

Vendor Credit Memo

Vendor Invoice

Credit

Trade Disc. Account

Vendor Invoice

Vendor Invoice

Credit

Credit Memo

Vendor Invoice

Debit

Debit Adjustment

Debit Adjustment

Credit

Term Disc. Account

Payment

Vendor

Credit

Exch. Diff Account

Payment

Vendor

Debit/Credit

Deposit Account

Over Payment

Vendor

Debit

 
 

Inventory Cost Centre

 

  

Account

Document

Cost Centre Source

Debit/Credit

Issue Account

=Cost of Good Sold

Stock Transaction (Stock Out)

(for Perpetual Inventory System Only)

Item

Debit

 

Stock Adjustment (Negative Adjustment)

(for Perpetual Inventory System Only)

Stock Adjustment

Debit

Receipt Account

(=Purchase Account for Periodic Inventory)

Stock Transaction (Stock In)

Stock Transaction

Credit

 

Vendor Invoice (from GRN – No IQC Required)

Item

Debit

Inventory Account

 

Stock Transaction (Stock In – from Entry)

Stock Transaction

Debit

Stock Transaction

(Stock Out – from Entry)

(for Perpetual Inventory System Only)

Stock Transaction

Credit

Stock Transaction (Stock Out – from Shipment/Direct Sales)

(for Perpetual Inventory System Only)

Item

Credit

WIP Account

Reserved

Reserved

Reserved

Inspection Account (when IQC Required)

Vendor Invoice (from GRN – IQC Required)

Item

Debit

Vendor Credit Memo (from Inspection Rejection)

Item

Credit

Purchase Return

Vendor Credit Memo (from Purchase Return)

Item

Credit

 

 

See also:
Comments