Un grand merci monsieur I'm not an accountant either so I'm getting a local accountant to give me their feedback.
I've taken a look at your links and I think the key to the problem is about the timing of the creation of the Sales Invoice. It probably depends on when you can officially/legally record that a sale has taken place. I'll let you know what I find out. Thanks again Sharan jacques.le.roux wrote: > > Hi, > > From: "Sharan-F" <[EMAIL PROTECTED]> >> >> Hi Everyone >> >> I've just run through a test with the online Hotwax Demo and found what I >> think is an accounting transaction error with applying payments. >> >> I created a Sales Order using DemoCustomer through the store and chose >> the >> offline payment method. >> >> I then logged into OFBiz using admin to view the Sales Order and receive >> the >> offline payment. >> I then did a Quick Ship Entire Order. This then created the accounting >> transactions. >> >> The 'Sales Shipment' and 'Sales Invoice' transactions are fine but the >> Payment Applied transaction Credits and then Debits the Accounts >> Receivable account only (so takes money out of and puts it back into the >> same GL account in the same transaction) – which seems a bit strange to >> me. >> >> I think it should Credit Accounts Receivable and Debit Undeposited >> Receipts >> or the Company Bank Account. Am I missing something? > > From http://en.wikipedia.org/wiki/Accounts_receivable, I read > <<To record a journal entry for a sale on account, one must debit a > receivable and credit a revenue account. When the customer pays > off their accounts, one debits cash and credits the receivable in the > journal entry. The ending balance on the trial balance sheet > for accounts receivable is always debit.>> You see they don't speak about > UNDEPOSITED RECEIPTS > > In a similar invoice than yours I see 2 debits and 1 credit to > ACCOUNTS_RECEIVABLE 120000 ACCOUNTS RECEIVABLE CURRENT_ASSET so for > me it seems ok : <<The ending balance on the trial balance sheet for > accounts receivable is always debit.>> > > BTW if you look at > https://localhost:8443/accounting/control/TrialBalance?organizationPartyId=Company > it should be ok (UNDEPOSITED > RECEIPTS should be credited with the cash received) > > My 2 cents (I'm not an accountant, I'm French : we don't use exactly the > same type of accounting here, I work as an independent so I > don't use double entries accounting as I'm allowed to use simple > accounting -collections and disbursements-, so I may be wrong, > somewhere) > > Jacques > >> Any feedback would be appreciated. >> >> Thanks >> Sharan >> >> -- >> View this message in context: >> http://www.nabble.com/Possible-Payments-Applied-Transaction-Error-tp18249013p18249013.html >> Sent from the OFBiz - User mailing list archive at Nabble.com. >> >> > > > -- View this message in context: http://www.nabble.com/Possible-Payments-Applied-Transaction-Error-tp18249013p18326667.html Sent from the OFBiz - User mailing list archive at Nabble.com.
