Overview This document will serve as an overview of the functionality available via Sales Orders and the AFP tool to create a simple sales order, pack the sales order, and generate journal entries. Definition: Journal Entries can occur once a sales order line is packed. No journal entries are created for allocations or staging. The […]
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Purchase Order – Purchase Journals
Overview This document will serve as an overview of the functionality available via Purchase Orders and the AFP tool to create a purchase order, purchase order receipt, and purchase journals. It will illustrate receiving an item with cost types of standard, average, and last. Definition: Whenever a purchase order is received, a journal can be […]
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Overview This document will serve as an overview of the journals that get created as a result of inventory adjustments, whether ADDition or SUBtraction. Definition: Journal Entries can occur when you are in the Item Master screen, and scroll down to Inventory Adjustments, and choose one of Add to Inventory or Subtract from Inventory. Ascent’s […]
Continue readingMore TagSales Order – Invoice Journals
Overview This document will serve as an overview of the functionality available via Sales Orders and the AFP tool to generate journal entries after a sales order is invoiced. Definition: Journal Entries can occur once a sales order is invoiced. The journal can be quite simple, just debiting the Accounts Receivable account and crediting the […]
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