This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entry

Ledger account	Category	Type	D	C	Sum
Debtors	100	10	X		Quantity * Sales price
Production goods	100	22		X	Quantity * Sales price

Posting points

• Create invoice
• Create final period invoice

Remark

This entry is valid if the sales line origin is 'Production' and your company does not use provisional turnover.

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entry

Ledger account	Category	Type	D	C	Sum
Debtors	100	10	X		Quantity * Sales price
Stock goods	100	23		X	Quantity * Sales price

Posting points

• Create invoice
• Create final period invoice

Remark

This posting is valid if the sales line origin is 'Purchase' or 'Stock', and you are not using WIP sales lines (Financial form, General tab) or provisional turnover.

• This ledger account serves as a parameter: If you fill in the Discount turnover account, discounts will be journalized separately. If you do not fill in this account, discounts will be posted to the turnover.
• This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entry

Ledger account	Category	Type	D	C	Sum
Debtors	100	10	X		Quantity * (Sales price - Discount)
Discount	100	30	X		Quantity * Discount
Turnover	100	22/23		X	Quantity * Sales price

Posting points

• Create invoice
• Create final period invoice

Note: If you have filled in the Provisional turnover WIP account as well as the Discount account, the discount is not journalized separately. The turnover, including discount, will first be posted to the provisional turnover account, and when it is transferred out of the provisional turnover account, the discount will not be posted separately.

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entries

Ledger account	Category	Type	D	C	Sum
Debtors	100	10	X		Periodic sum based on periods entered
Period turnover	100	21		X	Periodic sum based on periods entered

Debtors	100	10	X		Remaining sum
Period turnover	100	21	X		Periods already invoiced
Turnover (Production or Stock)	100	22/23		X	Quantity shipped * Sales price

Posting points

• Create invoice
• Create final period invoice

Remarks

• The first journal entry is created at the posting point 'Create periodic invoice'; the second journal entry is created at the posting point 'Create final period invoice'.
• If all sales lines have been shipped, the period turnover is posted to the final turnover (production or stock goods) when you create a final period.

• This ledger account serves as a parameter: If you fill in the work in progress (WIP) account for parts, work in progress will be posted for parts. If you do not fill in the WIP account for parts, no work in progress is posted for parts. The costs will be posted directly to the cost accounts.
• This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Note: If you do not enter any WIP accounts, you need to set the Transfer work in progress from stock order field (Financial form, General tab) to 'Using Actual Costing module', in order to ensure a correct posting procedure.

Journal entries

Ledger account	Category	Type	D	C	Sum
Parts	421	10	X		Quantity * Purchase price
Invoices to receive	421	20		X	Quantity * Purchase price

Parts	400	10	X		Quantity * FVP or APP
Stock	400	20		X	Quantity * FVP or APP

Posting points

• Process part receipts
• Process part issues from stock

Remarks

• The first journal entry is created at the posting point 'Process part receipts'; the second journal entry is created at the posting point 'Process part issues from stock'.
• If you are using WIP sales lines (Financial form, General tab), this account will also be used for sales lines with a Purchase or Stock origin. The following posting points are relevant in this respect:

Origin	Posting points
Purchase	Process part receipts
Stock	Create shipping note

• This ledger account serves as a parameter: If you fill in the work in progress (WIP) account for operations, work in progress will be posted for operations. If you do not fill in a WIP account for operations, no work in progress will be posted for operations. The costs will be posted directly to the cost accounts.
• This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Note: If you do not enter any WIP accounts, you need to set the Transfer work in progress from stock order field (Financial form, General tab) to 'Using Actual Costing module', in order to ensure a correct posting procedure.

Journal entry

Ledger account	Category	Type	D	C	Sum
Operations	200	10	X		Number of hours * Actual total rate
Labor costs	200	20		X	Number of hours * AC rate
Machine costs	200	30		X	Number of hours * AC rate
Overhead costs	200	40		X	Number of hours * AC rate

Posting point

• Process hours in the Time Registration module

Remarks

• The actual labor rate is based on the hour code or function group.
• The actual machine rate is based on the hour code, machine rates, or capacity group rates.
• The actual overhead rate is based on the capacity group.

• This ledger account serves as a parameter: If you fill in the work in progress (WIP) account for equipment, work in progress will be posted for equipment. If you do not fill in the WIP account for equipment, no work in progress will be posted for equipment. The costs will be posted directly to the cost accounts.
• This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Note: If you do not enter any WIP accounts, you need to set the Transfer work in progress from stock order field (Financial form, General tab) to 'Using Actual Costing module', in order to ensure a correct posting procedure.

Journal entries

Ledger account	Category	Type	D	C	Sum
Equipment	600	10	X		Quantity * Purchase price
Invoices to receive	600	20		X	Quantity * Purchase price

Equipment	610	10	X		Depends on depreciation type
Balance sheet account for equipment	610	20		X	Depends on depreciation type

Posting points

• Process equipment receipts
• Process hours in the Time Registration module

Remark

The first journal entry is created at the posting point 'Process equipment receipts'; the second journal entry is created at the posting point 'Process hours'.

• This ledger account serves as a parameter: If you fill in the work in progress (WIP) account for external operations, work in progress will be posted for external operations. If you do not fill in a WIP account for external operations, no work in progress will be posted for any work contracted out. The costs will be posted directly to the cost accounts.
• This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Note: If you do not enter any WIP accounts, you need to set the Transfer work in progress from stock order field (Financial form, General tab) to 'Using Actual Costing module', in order to ensure a correct posting procedure.

Journal entry

Ledger account	Category	Type	D	C	Sum
External operations	500	10	X		Quantity * Purchase price
Invoices to receive	500	20		X	Quantity * Purchase price

Posting point

• Process external operations receipts

• This ledger account serves as a parameter: If you fill in the work in progress (WIP) account for provisional turnover, provisional turnover will be posted. If you do not fill in a WIP account for provisional turnover, no provisional turnover is posted, and the turnover will be posted directly to the turnover accounts.
• This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entries

Ledger account	Category	Type	D	C	Sum
Debtors	100	10	X		Quantity * Sales price
Provisional turnover	100	20		X	Quantity * Sales price

Provisional turnover	900	50	X		Quantity * Sales price
Turnover (Production or Stock)	900	70		X	Quantity * Sales price

Posting points

• Create invoice
• Transfer work in progress

Remarks

• The first journal entry is created at the posting point 'Create invoice'; the second journal entry will be created at the posting point 'Transfer work in progress'.
• Provisional turnover can be used only if WIP is used.
• If you are using WIP sales lines (Financial form, General tab), this account will also be used for sales lines with a Purchase or Stock origin.
• When transferring work in progress, the provisional turnover is posted to the final turnover (production or stock goods) based on the quantity received from production.

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entries

Ledger account	Category	Type	D	C	Sum
Debtors	100	10	X		Quantity * Sales price
Turnover (Production or Stock)	100	22/23		X	Quantity * Sales price

Debtors	100	10	X		Periodic sum based on periods entered
Period turnover	100	21		X	Periodic sum based on periods entered

Debtors	100	10	X		Quantity * Sales price
Provisional turnover	100	20		X	Quantity * Sales price

Posting points

• Create invoice
• Create periodic invoice

Remarks

• The first journal entry is created at the posting point 'Create invoice'; the second is created at the posting point 'Create periodic invoice'; and the third is created at the posting point 'Create invoice'.
• Provisional turnover can be used only if WIP is used.

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entry when provisionally processing an invoice

Ledger account	Category	Type	D	C	Sum
Provisional purchase invoices	860	20	X		Quantity * Invoice price
Creditors	860	10		X	Quantity * Invoice price

If your company uses provisional invoices, sometimes an adjusting entry for the provisional processing is made during the permanent processing of the invoice (see Journal creation method for provisional purchase invoices).

Journal entry when posting a purchase invoice for general costs

Ledger account	Category	Type	D	C	Sum
Cost price of direct purchase costs	800	60	X		Quantity * Invoice price
Creditors	800	10		X	Quantity * Invoice price

If the invoice is a general costs invoice, you can enter an alternative general ledger number.

Journal entry when posting a purchase invoice for stock parts

Ledger account	Category	Type	D	C	Sum
Cost price of stock purchases	800	20	X		Quantity * Invoice price
Creditors	800	10		X	Quantity * Invoice price
+
Invoices to receive	801	10	X		Quantity * Purchase price
Cost price of stock purchases	801	20		X	Quantity * Invoice price
Price differences (if any)	801	30	X	X	Quantity * (Difference between invoice price/purchase price)

The Cost price of stock purchases account is used as a suspense account when making stock replenishment purchases.

Journal entry when posting a purchase invoice for parts to order

Ledger account	Category	Type	D	C	Sum
Parts (costs or WIP)	800	21	X		Quantity * Invoice price
Creditors	800	10		X	Quantity * Invoice price
+
Invoices to receive	802	10	X		Quantity * Purchase price
Parts (costs or WIP)	802	20		X	Quantity * Purchase price

Journal entry when posting a purchase invoice for equipment

Ledger account	Category	Type	D	C	Sum
Equipment (costs or WIP)	800	40	X		Quantity * Invoice price
Creditors	800	10		X	Quantity * Invoice price
+
Invoices to receive	821	10	X		Quantity * Purchase price
Equipment (costs or WIP)	821	20		X	Quantity * Purchase price

Journal entry when posting a purchase invoice for external operations

Ledger account	Category	Type	D	C	Sum
External operations (costs or WIP)	800	30	X		Quantity * Invoice price
Creditors	800	10		X	Quantity * Invoice price
+
Invoices to receive	810	10	X		Quantity * Purchase price
External operations (costs or WIP)	810	20		X	Quantity * Purchase price

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entries (without WIP)

Ledger account	Category	Type	D	C	Sum
Parts	421	11	X		Quantity * Purchase price
Invoices to receive	421	20		X	Quantity * Purchase price

Parts	400	11	X		Quantity * FVP or APP
Stock	400	20		X	Quantity * FVP or APP

Posting points

• Process part receipts
• Process part issues from stock

Remarks

• The first journal entry is created at the posting point 'Process part receipts'; the second journal entry is created at the posting point 'Process part issues from stock'.
• These postings are made only if you are not working with WIP.

Journal entry (with WIP)

If WIP is used in your company, the following journal entry is created when the WIP is transferred:

Ledger account	Category	Type	D	C	Sum
Parts	900	60	X		Quantity * Actual cost price
Parts WIP	900	10		X	Quantity * Actual cost price

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entry (without WIP)

Ledger account	Category	Type	D	C	Sum
Operations	200	10	X		Number of hours * Actual total rate
Labor costs	200	20		X	Number of hours * AC rate
Machine costs	200	30		X	Number of hours * AC rate
Overhead costs	200	40		X	Number of hours * AC rate

Posting point

• Process hours in the Time Registration module

Remarks

• The actual labor rate is based on the hour code or function group.
• The actual machine rate is based on the hour code, machine rates, or capacity group rates.
• The actual overhead rate is based on the capacity group.
• These postings are made only if you are not working with WIP.

Journal entry (with WIP)

If WIP is used in your company, the following journal entry is created when the WIP is transferred:

Ledger account	Category	Type	D	C	Sum
Operations	900	60	X		Quantity * Actual cost price
Operations WIP	900	20		X	Quantity * Actual cost price

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entries (without WIP)

Ledger account	Category	Type	D	C	Sum
Equipment	600	11	X		Quantity * Purchase price
Invoices to receive	600	20		X	Quantity * Purchase price

Equipment	610	10	X		Depends on depreciation type
Balance sheet account for equipment	610	20		X	Depends on depreciation type

Posting points

• Process equipment receipts
• Process hours in the Time Registration module

Remarks

• The first journal entry is created at the posting point 'Process equipment receipts'; the second journal entry is created at the posting point 'Process hours'.
• These postings are made only if you are not working with WIP.

Journal entry (with WIP)

If WIP is used in your company, the following journal entry is created when the WIP is transferred:

Ledger account	Category	Type	D	C	Sum
Equipment	900	60	X		Quantity * Actual cost price
Equipment WIP	900	30		X	Quantity * Actual cost price

This ledger account is used as a safety net account... If no other ledger account is found in the financial search path, the account entered here will be selected.

Journal entry (without WIP)

Ledger account	Category	Type	D	C	Sum
External operations	500	11	X		Quantity * Purchase price
Invoices to receive	500	20		X	Quantity * Purchase price

Posting point

• Process external operations receipts

Remark

These postings are made only if you are not working with WIP.

Journal entry (with WIP)

If WIP is used in your company, the following journal entry is created when the WIP is transferred:

Ledger account	Category	Type	D	C	Sum
External operations	900	60	X		Quantity * Actual cost price
External operations WIP	900	40		X	Quantity * Actual cost price