52 lines
2.1 KiB
Markdown
52 lines
2.1 KiB
Markdown
Accounts module contains masters and transactions to manage a traditional
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double entry accounting system.
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Accounting heads are called "Accounts" and they can be groups in a tree like
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"Chart of Accounts"
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Entries are:
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- Journal Entries
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- Sales Invoice (Itemised)
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- Purchase Invoice (Itemised)
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All accounting entries are stored in the `General Ledger`
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## Payment Ledger
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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.
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### Key Fields
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| Field | Description |
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|----------------------|----------------------------------|
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| `account_type` | Receivable/Payable |
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| `account` | Accounting head |
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| `party` | Party Name |
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| `voucher_no` | Voucher No |
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| `against_voucher_no` | Linked voucher(secondary effect) |
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| `amount` | can be +ve/-ve |
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### Design
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`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`.
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Ex:
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1. Consider an invoice for ₹100 and a partial payment of ₹80 against that invoice. Payment Ledger will have following entries.
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| voucher_no | against_voucher_no | amount |
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|------------|--------------------|--------|
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| SINV-01 | SINV-01 | 100 |
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| PAY-01 | SINV-01 | -80 |
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2. Reconcile a Credit Note against an invoice using a Journal Entry
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An invoice for ₹100 partially reconciled against a credit of ₹70 using a Journal Entry. Payment Ledger will have the following entries.
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| voucher_no | against_voucher_no | amount |
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|------------|--------------------|--------|
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| SINV-01 | SINV-01 | 100 |
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| CR-NOTE-01 | CR-NOTE-01 | -70 |
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| JE-01 | CR-NOTE-01 | +70 |
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| JE-01 | SINV-01 | -70 |
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