GL Account |
Debit |
Credit |
Set Up Program |
Post Accrual Invoice |
|
|
|
Summary Invoice Sales Accrual |
1000.00 |
|
CC00/SI |
Summary Invoice Sup. Charge |
20.00 |
|
CC00/SI |
Summary Invoice GST Accrual |
71.40 |
|
IN05 |
Sales |
|
1000.00 |
CC00/IN/GL |
Freight |
|
20.00 |
IN01 |
GST Payable |
|
71.40 |
IN05 |
Inventory |
|
700.00 |
CC00/IN/GL |
Cost of Sales |
700.00 |
|
CC00/IN/GL |
|
|
|
|
Notes: Values that make up the Invoice
total are accrued; Inventory is reduced;
Sales statistics are updated; Tax
Remittance Report is updated. |
|
|
|
|
|
|
|
Post Summary Invoice |
|
|
|
Account Receivable |
1091.40 |
|
AR02 |
Summary Invoice Sales Accrual |
|
1000.00 |
CC00/SI |
Summary Invoice Supp.Charge Accrual |
|
20.00 |
CC00/SI |
Summary Invoice GST Accrual |
|
71.40 |
IN05 |
|
|
|
|
Notes: Invoice is posted to Customer's
account; accruals are reversed.
|
|
|
|