45 lines
1.7 KiB
Markdown
45 lines
1.7 KiB
Markdown
---
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{
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"_label": "Point of Sale (POS) Invoice"
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}
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---
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For retail operations, the delivery of goods, accrual of sale and payment all happens in one event, that is usually called the “Point of Sale”.
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You can make a Sales Invoice of type POS by checking on “Is POS”. When you check this, you will notice that some fields get hidden and some new ones emerge.
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> Tip: In retail, you may not create a separate Customer record for each customer. You can create a general Customer called “Walk-in Customer” and make all your transactions against this Customer record.
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#### Different sections of the POS
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- Update Stock: If this is checked, Stock Ledger Entries will be made when you “Submit” this Sales Invoice and there is no need for a separate Delivery Note.
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- In your Items table, you will also have to update inventory information like “Warehouse” (can come as default), “Serial Number” or “Batch Number” if applicable.
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- Update “Payment Details” like your Bank / Cash Account, paid amount etc.
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- If you are writing off certain amount, for example change or you get extra change, check on “Write off Outstanding Amount” and set the Account.
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#### POS Settings
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If you are in retail operations, you want your Point of Sale to be as quick and efficient as possible. To do this, you can create a POS Setting for a user from:
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Accounts > Point of Sale (POS) Setting
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and set default values as defined.
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---
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#### Accounting entries (GL Entry) for a Point of Sale:
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Debits:
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- Customer (grand total)
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- Bank / Cash (payment)
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Credits:
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- Income (net total, minus taxes for each Item)
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- Taxes (liabilities to be paid to the government)
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- Customer (payment)
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- Write Off (optional)
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To see entries after “Submit”, click on “View Ledger”.
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