752a92bd8b
- Matching by Acc No/IBAN can easily happen with Bank Accounts. It's not a tedious query - Historical lookups for Party Name/Desc match are very tricky. The user could have manually set a match and we would not know. Also this leaves the Bank Party Mapper only useful for Party Name/Desc lookups, which feels excessive. - We want to reduce the number of places the same data is stored and reduce confusion - The Party Name/Desc will optionally happen fuzzily, or not at all - There will be no Mapper lookups
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:
- 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 |
- 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 |