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.