faithfere.blogg.se - Contra settlement with supplier

#Contra settlement with supplier update#
#Contra settlement with supplier code#

#Contra settlement with supplier code#

Change supplier code : Trading > Purchase > Edit GRN / Procurement > Reports > GRN Listingģ.1 without GRN no.: Procurement > Transaction > Purchase Returnģ.2 with GRN no.: Procurement > Transaction > Purchase Return by GRNĤ.1 Trading > Stock Requisition > Create / EditĤ.2 Trading > Stock Requisition > Listing / Detail Listing (By Items)ĥ.1 Preparation the transfer note : Trading > Internal Stock Transfer > Createĥ.2 Receive Stock from branch : Trading > Internal Stock Transfer > Receiveĥ.3 Check the transfer information : Trading > Internal Stock Transfer Listing (by ST) / Detail Listing (by items)

#Contra settlement with supplier update#

Please refer to file: Training_Introduction_20171004.pptġ.1 Check Product Listing: Inventory > Item > Item Listingġ.2 Add Product Master Data : Inventory > Item > Add Itemġ.3 Edit Product information : Inventory > Item > Edit Itemġ.4 Configure Product Category / Hierarchy (Level 1 to 10): Inventory > Item Categories > Matrix Category Maintenanceġ.5 Configure Product Category with tree structure (Level 0) : Inventory > Item Categories > Category Maintenance (Optional)ġ.6 Delete un-wanted categories: Inventory > Item Categories > Merge Category (Level 1 to 10)Ģ.1 Order Stock from Supplier : Procurement > Transaction > New Purchase OrderĢ.2 Receive Goods from Supplier (with Multi PO) : Procurement > Transaction > Direct Receiving Stock ( GRN)Ģ.3 Receive Goods from Supplier (single PO) : Procurement > Transaction > Create GRN by Purchase OrderĢ.4 Receive Goods from Supplier (without PO) : Procurement > Transaction > Direct Receiving Stock (GRN)Ģ.5 Approve PO,Check Outstanding PO or Close/Cancel PO that not valid : Procurement > Reports > Purchase Order Details Listing (By Items) / Purchase Order Listing (By PO)Ģ.6 Update supplier invoice no.

If you returned goods and the supplier gave you a credit note you would need to record its details.Prerequisite : Stable internet connection Mozilla or Chrome browser own laptop Disable browser pop-up Operations.

If the customer returned goods you would raise a credit note for them.

If either you, or the company returns the good or services that were offset by the contra entry a credit note would be raised: Offset a sales invoice with a purchase invoice using a contra entry Next steps Note: If the invoice date is in a future period, it's not posted to the nominal accounts until the period is opened. This table shows the nominal account postings: Nominal Account

The transactions all have the same URN and a reference of Contra. The customer account balance is updated by the payment amount.A customer receipt is created and allocated to the selected customer invoices.The supplier account balance is updated by the payment amount.A supplier payment is created and allocated to the selected supplier invoices.What happens when the contra entry is saved These payments are posted to the nominal account for the bank account but are not posted to the cash book and will not appear on your bank statement. Sage 200 creates a supplier payment and a customer payment which are then allocated to the selected outstanding invoices. To make a contra entry you select outstanding invoices on the supplier's account to offset against the customer's account. To make contra entries there must be both a customer and supplier account for the company and the two accounts must operate in the same currency. This is often referred to as a Contra Entry. The purchase invoice effectively becomes a payment. Use this if you do business with a company who both buys from and sells to you (they act as both supplier and customer), and you want to offset a sales invoice against a purchase invoice. Use a contra entry to pay a supplier who is also a customer