IMPORTANT |
It is extremely important that you set up and work within your own company and with your own customer and supplier to maintain your data integrity. If you work with any other objects, your exercises will not function as intended and the data of other students might be affected. Predictable exercise results require that your data is isolated in your own company. |
Purpose: The purpose of this exercise is to show you how to create customer invoices.
Windows:
Customer Invoice
Update GL Vouchers
Note: The invoice type, invoice date, and delivery date are proposed values.
Note: The income account must have tax handling set to All.
Purpose: The purpose of this exercise is to show you how to enter a customer payment with write-off into the Mixed Payment window.
Windows:
Mixed Payment
Update GL Vouchers
Note: Normally, balances should be entered according to the amounts on your statement of account document. In this case, they are simply the total of all transactions.
Click the Transactions tab.
Create a new record (F5), and select Enter Customer Payment as Mixed Payment Transaction Type.
In the Customer/Supplier field, select your customer from the List of Values (F8).
In the Amount field, enter 330.
Save.
Select your line, right-click, and then click Match Payment.
Select the three invoices that you created in previous exercise, and click OK to confirm the Select Batch of Invoices window.
You will see a difference of –13. Click the last created invoice line. In the Write-Off Code field, select DIT from the List of Values (F8). In the Write-Off Amount field, enter 13. Check the remaining amount. It should now be 0 (zero).
Save your changes.
Right-click and the click Approve.
Update the general ledger.
Note: You have now paid the invoices. Every invoice has a cash discount, and the last invoice also has a write-off code. Check the N voucher, and verify the tax corrections.
Purpose: The purpose of this exercise is to show you how to enter, post, and authorize a supplier invoice.
Windows:
Manual Supplier Invoice
Update GL Vouchers
Note: The voucher type and voucher number for your finally posted invoice are now displayed in the header. The invoice status is now Posted and Authorized.
Purpose: The purpose of this exercise is to show you how to enter a supplier payment into mixed payment.
Windows:
Mixed Payment
Update GL Vouchers
Note: Normally, balances should be entered according to the amounts on your statement of account document. In this case, it is just the total of all transactions.
Click the Transactions tab.
Create a new record (F5), and select Enter Supplier Payment as Mixed Payment Transaction Type.
In the Customer/Supplier field, select your customer from the List of Values (F8).
In the Amount field, enter –1148.56.
Save.
Select your line, right-click, and then click Match Payment.
Select your invoice and click OK to confirm the Select Batch of Invoices window.
You will see a difference of –23,44. Click the last created invoice line. In the Write-Off Code field, select DIT from the List of Values (F8). In the Write-Off Amount field, enter 23,44. Check the remaining amount. It should now be 0 (zero).
Save your changes.
Right-click and then click Approve.
Update the general ledger.
Note: You have now paid the invoice. They invoice has a cash discount and write-off code. Check the N voucher and verify the tax corrections.