Sales of Stock Items: Generated Transactions

To be able to process a sale of stock items, you create and process a sales order. The following sections describe the GL transactions generated during processing the documents for a sale of stock items.

Note:

Sales orders of the SO and SA type and shipment documents do not produce any GL transactions.

Transactions Generated for a Sales Invoice

When you create and release a sales invoice with one line with a stock item, the system generates the following general ledger transactions:


Account	Source of Account	Debit	Credit
Accounts Receivable account	Customer	Amount	0.00
Sales account	Depends on the settings of the order type on the Order Types (SO201000) form.	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.

Transactions Generated for Inventory Issue

On release of the sales invoice, the system generates an inventory issue transaction with the line that has 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	Depends on the settings of the posting class of the item specified on the Posting Classes (IN206000) form)	0.00	Amount
GOGS account	Depends on the settings of the posting class of the item specified on the Posting Classes (IN206000) form)	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.