Accounting

Accounting

The Accounting provides basic functionalities to keep track of incoming, outgoing Invoices and payments.

The Accounting module provides tool to create Invoice based on Bill approved by the Customer. The Bill contains information about the work or deliveries which are done in specific Project. Depends on Customer requirements or agreement or other financial considerations before the actual Invoice might be needed to be issued Proforma Invoice and then when Payment is received the actual Invoice has to be issued.

If there is a agreement for delayed payment a track of Payments have to be kept for the Invoice. This is also possible for incoming Invoices.

To keep organized all the materials and services which we call Items coming in the company with incoming Invoices are spited in Storehouses which are connected to certain Projects

Most significant Accounting objects

Invoice

Invoice characteristics:

• Number - The invoice number.
• Invoice Variant - Determines the Invoice variant - Invoice, Proforma Invoice, Credit Note etc.
• Invoice Type - Determines the Invoice type - Sale or Purchase.
• Invoice Payment Type - Determines the Invoice payment type - Cash, Bank transfer etc.
• Issue Date - The Invoice issuing date.
• Date Of Payment - The Invoice pay off date.
• Days Of Delayed Payment - Number of days.
• VAT - VAT percentage.
• Sub Total - Sum of the prices of the Invoice items.
• Vat Amount - The VAT amount.
• Total - The Invoice total.
• Payed Amount - The amount of the total that is payed.
• Is Payed - Indicates if the Invoice is payed off.
• Buyer Id - The company which is the Buyer.
• Seller Id - The company which is the Seller.

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See also:

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