AR Invoice

Learn about the hierarchy followed by the system when posting the credit and debit transactions associated with an AR Invoice transaction for an inventory line.

Debit [Sales value]

Customer.ARControlAccount

(Customer's account)

GLControl.ARControl

MyBranch.glAccountStructure

GLControl.suspense

Credit [Tax value]

Customer.taxControl

(Tax Output account)

GLControl.outputTax

MyBranch.glAccountStructure

GLControl.suspense

Credit [Sales value - Tax]

StockItem.salesAccount

(Sales account)

StockItem.myINAnalysisCode.salesAccount

Branch.glAccountStructure

GLControl.suspense

Debit [Cost value]

StockItem.costOfSalesAccount

(C.O.G.S. account)

StockItem.myINAnalysisCode.costOfSalesAccount

Branch.glAccountStructure

GLControl.suspense

Credit [Cost value]

StockItem.stockAccount

(Stock account)

StockItem.myInAnalysisCode.stockAccount

Location.stockAccount

Warehouse.stockAccount

GLControl.stockAccount

GLControl.suspense

Note: If the cost on a sales order line was held and there is a variance between the inventory item's current system cost (for example, standard or average) and the held cost, a variance value is posted to the COS Variance account specified on the GL Module Control form.