Postings into the general ledger

This page lists different transactions that can be created within Windward System Five and what affect these transactions have on the general ledger, customers and inventory.

Replication of any of the information below can be done by creating the specified transaction in a training database and running the List Trasactions by G/L Number Report.

• The customer account balance is increased by $110.00.
• A new entry is created on the Invoices page of the customer record.

• The Available quantity is decreased by one.
• The Financial quantity is decreased by one.

• The GST Collected value is increased by $10.00
• The Income 4100 is reduced from GST Included Price of $110 by $10.00

• If a customer is attached, a new entry is created on the Invoices page of the customer record.

• The Available quantity is decreased by one.
• The Financial quantity is decreased by one.

• The GST Collected value is increased by $10.00
• The Income 4100 is reduced from GST Included Price of $110 by $10.00

• Estimate invoices have no affect on the general ledger.

• If a customer is attached, a new entry is created on the Invoices page of the customer record.

• Estimate invoices have no affect on inventory quantities.

• Paid Out invoices have no affect on customers.

• Paid Out invoices have no affect on inventory as ledger numbers are sold not inventory items.

• The customer account balance is decreased by $110.00.

• Received on Account invoices have no affect on inventory.

• Work Order invoices have no affect on the general ledger.

• If a customer is attached, a new entry is created on the Invoices page of the customer record.

• The Work Order quantity is increased by one.
• The Available quantity is decreased by one.
• The Financial quantity unaffected.

• Layby invoices have no affect on the general ledger.

• A new entry is created on the Invoices page of the customer record.

• The Layby quantity is increased by one.
• The Available quantity is decreased by one.
• The Financial quantity unaffected.

• The customer account balance is decreased by $110.00.
• A new entry is created on the Payments page of the customer record.

• If a payment is to be made against a Work Order invoice, a customer must be selected on the invoice.

• The customer account balance is decreased by $110.00.
• A new entry is created on the Payments page of the customer record.

• The customer account balance is decreased by $110.00.
• A new entry is created on the Payments page of the customer record.

The following example is a scenario where a $100.00 bill has been entered for inventory received.

• The supplier account blance is increased by $110.00.
• A new entry is created on the Bills page of the supplier record.

The following example is a payment for a bill being drawn from the default main bank.

• The supplier account balance is decreased by $110.00.
• A new entry is created on the Cheques page of the supplier record.