The following describes the accounting transactions the system creates when you invoice a VAT based item on a sales order with no stock update. The sales order belongs to a sales order type with the Update stock on hand field set to NO in the Sales order type table.
You can use this type of sales order when you want to make a price correction, either credit note or surcharge, e.g., you have previously sent an invoice to the customer, where the sales price was wrong. For the purpose of this example you will correct a previously sent invoice where the sales price was too low.
Prerequisites
| Quantity | 12 |
| Old sales price | 50.00 SEK |
| New sales price | 100.00 SEK |
| Cost price | 25.00 SEK |
| VAT item | 25% |
Created transaction
Since the order type does not update the stock on hand, no transaction for the Stock value and Cost of goods sold is created.
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 820 | Sales value Gross VAT | 600.00 |
|
||
| 960 | VAT output of order lines | 150.00 |
|
||
| A/R | To be accounted on Account Receivable | 750.00 |
Related topics
- Overview of accounting transactions during invoicing
- (Accounting) Invoice items with VAT in system currency
- (Accounting) Invoice items with VAT in foreign currency
- (Accounting) Invoice items without VAT
- (Accounting) Invoice items with VAT included in sales price
- (Accounting) Invoice order structure items
- (Accounting) Invoice a BtB transit sales order
- (Accounting) Invoice a BtB direct sales order
- (Accounting) Invoice FOC items
- (Accounting) Invoice items when Financials is not installed
- (Accounting) Credit goods returned from customer
- (Accounting) Invoice items with cash discount
- (Accounting) Reallocate the cost of FOC items between base and dependent FOC lines