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ManualDoc:TA399D7976DD74832A0D56586E46D149A

For more details please review the accounting article.

A sales invoice can be posted to the ledger when required at a given "Accounting Date" by using the button "Post".

Sales Invoice posting creates the following accounting entries

Posting record date: Accounting Date.

Account Debit Credit Comment
Customer Receivable Total Gross Amount One per Payment Plan Line (TB verified)
Discount Product Revenue Discount Amount One per Invoice Line (if discount exists)
Product Revenue Line Net Amount One per Invoice Line
Tax Due Tax Amount One per Tax Line.

Same way, a Sales Invoice including a sales invoice line with a revenue plan configured creates the following accounting entries.
For instance a food and beverage distributor selling and invoicing a product that it will only be able to deliver to their customers in 3 months would want to deferred the revenue recognition till the delivery.

Posting record date: Accounting Date:

Account Debit Credit Comment
Customer Receivables Total Gross Amount
Product Deferred Revenue Line Net Amount
Tax Due Tax Amount

Posting record date: Accounting Date + 3 months:

Account Debit Credit
Product Deferred Revenue Line Net Amount
Product Revenue Line Net Amount

Return Material Sales Invoice posting creates the following accounting entries.
Keep in mind that this Invoice should be created with negative amounts.

Posting record date: Accounting Date.

Account Debit Credit Comment
Customer Receivable Total Gross Amount One per Payment Plan Line (TB verified)
Product Revenue Return or if not defined Product Revenue Line Net Amount One per Invoice Line
Tax Due Tax Amount One per Tax Line.


Voiding

It is possible to totally void a sales invoice, by using the header button "Reactivate" and then the action "Void", this action implies:

The reversed document posting creates the following accounting entries:

Account Debit Credit Comments
Product Revenue Line Net Amount One per invoice line
Tax Due Tax Amount One per tax line.
Customer Receivables Total Gross Amount One per invoice
Discount Revenue Discount Amount One per Invoice Line (if discount exits)

And it is also possible to partially void a customer's invoice by:

The "AR Credit Memo" posting looks the same as the "Reversed Purchase Invoice" posting.

The main different between those two purchase reversed document types is:

We strongly recommend you to use the "Reversed Sales Invoice" document type while partially voiding customer's invoices.

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