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ship complete sales order journals

The journal posting sales and costs is not created until all lines on the sales order are delivered.  Where stock is allocated to a snapshot and there are still back orders, processing the sales order posts the value of stock to the account attached to Ship on Completion in the inventory record.  The posting of each subsequent delivery reverses the posting of stock.

 The cost of non inventory items is not posted to the General Ledger

Example

Snapshot 1 - Delivered

  Total
Ex GST 
 GST Total
Inc GST		 Cost
Part A - Physical 300.00 30.00 330.00 175.00
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 1,350.00 135.00 1,485.00 475.00

Snapshot 2 - Delivered

  Total
Ex GST 
 GST Total
Inc GST		 Cost
Part A - Physical 100.00 10.00 110.00 25.00
Total 100.00 10.00 110.00 25.00

Snapshot 3 - Delivered

  Total
Ex GST 
 GST Total
Inc GST		 Cost
Part A - Physical 600.00 60.00 660.00 300.00
Total 600.00 60.00 660.00 300.00

Totals 1, 2 and 3

  Total
Ex GST 
 GST Total
Inc GST		 Cost
All items, including Courier charges 2,050.00 205.00 2,250.00 800.00
Total 100.00 10.00 110.00 25.00

Snapshot 1

Ledger Warehouse Mask Branch Mask BAS Code Debit Credit
Inventory Value - Part A (Inventory - Inventory Value)       175.00
Ship on Completion - Part A (Inventory - Ship on Completion)     175.00  
Inventory Value - Part B (Inventory - Inventory Value) - usually set up as a Cost Recovery account         200.00
Ship on Completion - Part B (Inventory - Ship on Completion)       200.00  

Snapshot 2

Ledger Warehouse Mask Branch Mask BAS 
Code		 Debit Credit
Inventory Value - Part A (Inventory - Inventory Value) - REVERSAL OF DO1     175.00  
Ship on Completion - Part A (Inventory - Ship on Completion) - REVERSAL OF DO1       175.00
Inventory Value - Part B (Inventory - Inventory Value) - REVERSAL OF DO1       200.00  
Ship on Completion - Part B (Inventory - Ship on Completion) - REVERSAL OF DO1         200.00
Inventory Value - Part A (Inventory - Inventory Value)       200.00
Ship on Completion - Part A (Inventory - Ship on Completion)     200.00  
Inventory Value - Part B (Inventory - Inventory Value) - usually set up as a Cost Recovery account         200.00
Inventory Value - Part B (Inventory - Inventory Value) - usually set up as a Cost Recovery account       200.00  

Snapshot 3

Ledger Warehouse Mask Branch Mask BAS Code Debit Credit
Inventory Value - Part A (Inventory - Inventory Value) - REVERSAL OF DO2     200.00  
Assigned Value - Part A (Inventory - Assigned Value) - REVERSAL OF DO2       200.00
Inventory Value - Part B (Inventory - Inventory Value) - REVERSAL OF DO2       200.00  
Assigned Value - Part B (Inventory - Assigned Value) - REVERSAL OF DO2         200.00
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)       2,250.00  
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  

Snapshot 1

Ledger Warehouse Mask Branch Mask BAS Code Debit Credit
Inventory Value - Part A (Inventory - Inventory Value)       175.00
Ship on Completion - Part A (Inventory - Ship on Completion)     175.00  

Snapshot 2

Ledger Warehouse Mask Branch Mask BAS Code Debit Credit
Inventory Value - Part A (Inventory - Inventory Value) - REVERSAL OF DO1     175.00  
Ship on Completion - Part A (Inventory - Ship on Completion) - REVERSAL OF DO1       175.00
Inventory Value - Part A (Inventory - Inventory Value)       200.00
Ship on Completion - Part A (Inventory - Ship on Completion)     200.00  

Snapshot 3

Ledger Warehouse Mask Branch Mask BAS Code Debit Credit
Inventory Value - Part A (Inventory - Inventory Value) - REVERSAL OF DO2     200.00  
Assigned Value - Part A (Inventory - Assigned Value) - REVERSAL OF DO2

      200.00
Sales - Part A (Debtor - Sales)   1,000.00
Sales - Part B (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)       2,250.00  
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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