Accounting Entry

The following accounting entries are created in Books for synchronised transactions:

Transaction	Accounting Entry	Info
Invoice-waybill	D: Accounts receivable C: Revenue K: VAT D: Cost of goods sold C: Inventory
Cash invoice	D: Accounts receivable C: Revenue C: VAT D: Cost of goods sold C: Inventory
Credit invoice	D: Accounts receivable (-) C: Revenue (-) C: VAT(-) D: Cost of goods sold(-) C: Inventory (-)	Same entry as invoice-waybill, but with a minus sign
Invoice	D: Accounts receivable C: Revenue C: VAT	Invoices and waybills go hand in hand — if you use them, both must be synchronised together. Invoices are created from waybills.
Waybill	D: Cost of goods sold C: Inventory	Invoices and waybills go hand in hand — if you use them, both must be synchronised together. Invoices are created from waybills.
Order	–
Prepayment invoice	–
Quote	–
Purchase invoice-waybill	D: Inventory D: VAT C: Accounts payable
Cash purchase invoice	D: Inventory D: VAT C: Accounts payable
Purchase invoice	D: Change in inventories D: VAT C: Accounts payable	Ostuarve ja ostusaateleht tuleb sünkroniseerida koos. Take a look: “Inventory Accounts Configuration ”
Purchase waybill	D: Inventory C: Change in inventories	Ostuarve ja ostusaateleht tuleb sünkroniseerida koos. Take a look: “Inventory Accounts Configuration ”
Purchase return	D: Inventory (-) D: VAT (-) C: Accounts payable (-)	Same entry as purchase invoice-waybill, but with a minus sign
Purchase order	–
Inventory registrations	D: Inventory C: Credit account for inventory registration	Take a look: “Inventory Accounts Configuration ” If the inventory registration credit account is missing, the system account “Cost of goods sold” is used.
Inventory write-offs	D: Inventory write-off in ERPLY C: Inventory	Take a look: “Inventory Accounts Configuration ” If there is no account matching the write-off reason code, the system account “Cost of goods sold” is used.
Inventory transfers	D: Inventory C: Default account for inventory transfers	Take a look: “Inventory Accounts Configuration ” Creates two entries – one for each warehouse.
Receipts	D: Bank C: Accounts receivable or customer prepayments
Cash register receipts and payments	D: POS (in) C: Bank (example) C: POS (out) D: Bank (example)