Direct Sales: Generated Transactions
To be able to process a direct sale of stock items, you create and process a sales invoice. The following sections describe the GL transactions generated during the complete processing of a sales invoice with a sale line.
Transaction Generated for a Sales Invoice
When you create and release a sales invoice with one sale line (that is, a line with a positive amount), the system generates the following general ledger transactions.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Accounts Receivable account | Customer | Amount | 0.00 |
| Sales account | Item | 0.00 | Amount |
You can view the reference number of the GL batch in the Batch Nbr. box on the Financial tab of the Invoices (SO303000) form. You can click the link in this box to view the details of the batch on the Journal Transactions (GL301000) form.
Transaction Generated for an Inventory Issue
On release of the sales invoice, the system generates an inventory issue transaction with sales lines of the Invoice transaction type. When an inventory issue with one line of the Invoice type is released, the system generates the following general ledger transactions.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Inventory account | Item | 0.00 | Amount |
| GOGS account | Item | Amount | 0.00 |
You can view the reference number of the GL batch in the Batch Nbr. box on the Financial tab of the Issues (IN302000) form. You can click the link in this box to view the details of the batch on the Journal Transactions (GL301000) form.