Cash Sales and Cash Returns: Generated Transactions
As you process a cash sale, you create and process a document of the Cash Sales type. If you process a cash return, you create and process a document of the Cash Return type. To record the sale and the return, the system generates the GL transactions described in the following sections.
Transaction Generated for a Cash Sale
When you create and release a Cash Sale document, the system generates the following general ledger transaction:
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Cash account | An account specified for the payment method on the Allowed Cash Accounts tab of the Payment Methods (CA204000) form | Amount | 0.00 |
| Sales Revenue account | The sales account specified for the customer on the GL Accounts tab of the Customers (AR303000) form | 0.00 | Amount |
You can view the reference number of the GL batch on the Financial tab of the Cash Sales (AR304000) form.
Transaction Generated for a Cash Return
When you create and release a Cash Return document, the system generates the following general ledger transaction:
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Sales Revenue account | The sales account specified for the customer on the GL Accounts tab of the Customers (AR303000) form | Amount | 0.00 |
| Cash account | An account specified for the payment method on the Allowed Cash Accounts tab of the Payment Methods (CA204000) form | 0.00 | Amount |
You can view the reference number of the GL batch on the Financial tab of the Cash Sales (AR304000) form.