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Update Brotherton Accounting

steffeydev 2025-02-10 23:15:28 +00:00
parent 4e49b7f87c
commit 39cd215d0f
1 changed files with 4 additions and 2 deletions
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Brotherton-Accounting.md

@ -31,8 +31,10 @@ Company Structure:
- We need to create accounts for each company
- "Customer Deposit" under "Current Liabilities" of type "Receivable"
- "Undeposited Funds" under "Cash In Hand" of type "Cash"
- They can specify the default income account on an item, or by editing the item on the invoice to specify the income account for that item. If they do neither, the income account will be Sales by default.
- For each company, we need to go to the company settings > Accounting and check "Book Advance Payments in Separate Party Account", then select "Customer Deposit" as the "Default Advance Received Account"
- They can specify the default income account on an item, or by editing the item on the invoice to specify the income account for that item. If they do neither, the income account will be "Sales" by default (or whatever is set as the "Default Income Account" in the company settings).
- For each company, the "Default Cash Account" should be changed from "Cash" to "Undeposited Funds"
- Under "Mode of Payment" doctype, select each type and set the default account to "Undeposited Funds" for each company. That way, nomatter what mode of payment is selected for the payment entry, the "Account Paid To" will be set to "Undeposited Funds". Customize the mode of payment list to only the modes that are actually accepted for each company.
- For each company, go to the company settings > Accounting and check "Book Advance Payments in Separate Party Account", then select "Customer Deposit" as the "Default Advance Received Account". This will change the "Account Paid From" field on a payment linked to a sales invoice when a payment entry is first created/saved.
### ERPNext Flow