Sales order credit notes are used to credit goods and services supplied to a customer. A credit reason is attached to each credit note and controls the returning of physical stock into stock on hand. Where items are returned into stock, the journal posts the cost of the stock being returned.
|
|
Ex GST Total |
GST |
Total Inc GST |
Cost |
|
Part A - Physical |
1,000.00 |
100.00 |
1,100.00 |
500.00 |
|
Part B - Non physical |
600.00 |
60.00 |
660.00 |
200.00 |
|
Part C - Non Inventory |
400.00 |
40.00 |
440.00 |
100.00 |
|
Courier |
50.00 |
5.00 |
55.00 |
|
|
Total |
2,050.00 |
205.00 |
2,255.00 |
800.00 |
|
Ledger |
Warehouse Mask |
Branch Mask |
BAS Code |
Debit |
Credit |
|
Sales - Part A (Inventory - Sales) |
|
|
|
1,000.00 |
|
|
Sales - Part B (Inventory - Sales) |
|
|
|
600.00 |
|
|
Sales - Part C (Non Inventory - Sales) |
|
|
|
400.00 |
|
|
Freight Charged - Courier (Debtor - Freight) |
|
|
|
50.00 |
|
|
GST - Total (Tax - Supplies) |
|
|
|
205.00 |
|
|
Debtor Control Account (Debtor - Debtor Value) |
|
|
|
|
2,255.00 |
|
Ledger |
Warehouse Mask |
Branch Mask |
BAS Code |
Debit |
Credit |
|
Inventory Value - Part A (Inventory - Inventory Value) |
|
|
|
500.00 |
|
|
Cost of Goods Sold - Part A (Inventory - Cost of Goods Sold) |
|
|
|
|
500.00 |
|
Inventory Value - Part B (Inventory - Inventory Value) - usually set up as a Cost Recovery account |
|
|
|
200.00 |
|
|
Cost of Goods Sold - Part B (Inventory - Inventory Value) |
|
|
|
|
200.00 |
|
Ledger |
Warehouse Mask |
Branch Mask |
BAS Code |
Debit |
Credit |
|
Sales - Part A (Debtor - Debtor Sales) |
|
|
|
1,000.00 |
|
|
Sales - Part B (Debtor - Debtor Sales) |
|
|
|
600.00 |
|
|
Sales - Part C (Non Inventory - Sales) |
|
|
|
400.00 |
|
|
Freight Charged - Courier (Debtor - Freight) |
|
|
|
50.00 |
|
|
GST - Total (Tax - Supplies) |
|
|
|
205.00 |
|
|
Debtor Control Account (Debtor - Debtor Value) |
|
|
|
|
2,255.00 |
|
Ledger |
Warehouse Mask |
Branch Mask |
BAS Code |
Debit |
Credit |
|
Inventory Value - Part A (Inventory - Inventory Value) |
|
|
|
500.00 |
|
|
Cost of Goods Sold - Part A (Inventory - Cost of Goods Sold) |
|
|
|
|
500.00 |
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