Here is an example of a Once Off sale and how it effects the General Ledger.
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Sale
In this example it is an Account Sale
Cost: $ 1,000
Retail: $ 1,650 (Inc)
Receival
Goods are Received, then the Creditor Invoice is created.
Cost: $ 1,000
When the Once Off item is Received, it does the following postings.
Where the “Purchases” account is loaded from the POS settings below.
When the Creditor Invoice is created, it posts the following:
POS Settings
It was using these POS settings
