Accounts Reflection

Accounts Reflection

Sunday, September 23, 2007

6:24 PM

Module : Accounts Receivable

Packing Slip Stage: Item Status= Deducted Order Status= Delivered

Account Name

Dr / Cr

Account Type

Header

Offset Delivered Sales Un-Invoiced

Debit

Asset

FLOATING INVENTORY/

Goods in Transit

Delivered Sales Un-Invoiced

Credit

Asset

FLOATING INVENTORY/

Goods in Transit

Invoice: Order Status: Invoiced

Account Name

Dr/Cr

Account Type

Header

COGS

Debit

P&L

Cost of material

Sales

Credit

P&L

SALES

Trade Receivables

Debit

Asset

ACCOUNTS RECIEVABLE

Offset Delivered Sales Un-Invoiced

Credit

Asset

FLOATING INVENTORY/

Goods in Transit

Delivered Sales Un-Invoiced

Debit

Asset

FLOATING INVENTORY/

Goods in Transit

Inventory

Credit

Asset

CURRENT ASSETS/Warehouse

Module : Accounts Payable

Packing Slip:

Account Name

Dr/ Cr

Account Type

Header

Offset Received Purchased Un-Invoiced

Credit

Asset

FLOATING INVENTORY/

Goods in Transit

Received Purchased Un-Invoiced

Debit

Asset

FLOATING INVENTORY/

Goods in Transit

Invoice:

Account Name

Dr/ Cr

Account Type

Header

Trade payables

Credit

Liability

ACCOUNTS PAYABLE

Offset Received Purchased Un-Invoiced

Debit

Asset

Floating Inventory

Received Purchased Un-Invoiced

Credit

Asset

Floating Inventory

Inventory

Debit

Asset

CURRENT ASSETS/ ware house

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