Finance Flow

Before Posting Entry

Before Posting Entry

Creating PO

Creating PO

Creating Goods Receipt

Creating Goods Receipt

Creating Purchase Invoice

Creating Purchase Invoice

Creating Journal Entry

Creating Journal Entry

Effect After Posting

Effect After Posting

Alternative JE Posting for AP

Same way if you want to post inventory for AP then JE postings would be

Alternative JE Posting for AP

Note:

  • For posting the Account should be balanced
  • Debit amount should be same as credit amount
  • Referring the document should contains proper data with the currency and items and due date and vendor name

Sales:

Before Posting

Before Posting  sales

Sales Invoice

Sales Invoice

JE Postings

JE Postings

Effects After Posting

Profit and Loss Revenue Account

Effects After Posting

In Balance Sheet

In Balance Sheet


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