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- Accounts module contains masters and transactions to manage a traditional
- double entry accounting system.
-
- Accounting heads are called "Accounts" and they can be groups in a tree like
- "Chart of Accounts"
-
- Entries are:
-
- - Journal Entries
- - Sales Invoice (Itemised)
- - Purchase Invoice (Itemised)
-
- All accounting entries are stored in the `General Ledger`
-
- ## Payment Ledger
- Transactions on Receivable and Payable Account types will also be stored in `Payment Ledger`. This is so that payment reconciliation process only requires update on this ledger.
-
- ### Key Fields
- | Field | Description |
- |----------------------|----------------------------------|
- | `account_type` | Receivable/Payable |
- | `account` | Accounting head |
- | `party` | Party Name |
- | `voucher_no` | Voucher No |
- | `against_voucher_no` | Linked voucher(secondary effect) |
- | `amount` | can be +ve/-ve |
-
- ### Design
- `debit` and `credit` have been replaced with `account_type` and `amount`. `against_voucher_no` is populated for all entries. So, outstanding amount can be calculated by summing up amount only using `against_voucher_no`.
-
- Ex:
- 1. Consider an invoice for ₹100 and a partial payment of ₹80 against that invoice. Payment Ledger will have following entries.
-
- | voucher_no | against_voucher_no | amount |
- |------------|--------------------|--------|
- | SINV-01 | SINV-01 | 100 |
- | PAY-01 | SINV-01 | -80 |
-
-
- 2. Reconcile a Credit Note against an invoice using a Journal Entry
-
- An invoice for ₹100 partially reconciled against a credit of ₹70 using a Journal Entry. Payment Ledger will have the following entries.
-
- | voucher_no | against_voucher_no | amount |
- |------------|--------------------|--------|
- | SINV-01 | SINV-01 | 100 |
- | | | |
- | CR-NOTE-01 | CR-NOTE-01 | -70 |
- | | | |
- | JE-01 | CR-NOTE-01 | +70 |
- | JE-01 | SINV-01 | -70 |
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