NextERP/documentation
5
0
Fork 0
Code Issues Pull Requests Actions Packages Projects Releases Wiki Activity

[CHG] reconciliation: remove journal items, clarification attempt

Browse Source
This commit is contained in:
Xavier Morel 2015-02-26 15:02:20 +01:00
parent 38e0afd4ed
commit 845f1cd1d0
1 changed files with 33 additions and 48 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

81
index.rst
View File

@ -145,66 +145,51 @@ specific client owes or which specific invoices are still unpaid (in order to
send reminders for instance).
Reconciliation is the process of correlating and linking journal items,
matching the credits and debits of a specific account.
matching the credits and debits of a specific financial account:
* within a single account, look for all non-reconciled items
* within a single account, look for all non-reconciled items (usually with a
specific second party, e.g. all operations on *Accounts Receivable*
concerning the same client)
* link debiting items with crediting items, each side (debiting and crediting)
can have mutliple items.
For instance a customer could be sent two invoices for 121€ and 63€ (debits to
the Receivable account), and send three payments of 75€, 75€ and 34€.
can have multiple items.
The system can then use reconciliation to automatically mark invoices as paid
(or partially paid), prepare and send reminders, flag accounting issues, …
.. h:div:: force-right
.. rst-class:: force-right
Journal entries wrt client Joe
Example
-------
.. rst-class:: table-condensed d-c-table
* A customer got two invoices (invoice 1 and invoice 2) for 121€ and 63€
* He sent two payments (payment 1 and payment 2) of 75€ each
+-------------------------+-------------------------+-------------------------+
| |Debit |Credit |
+=========================+=========================+=========================+
|Accounts Receivable |121 | |
+-------------------------+-------------------------+-------------------------+
|Sale | |121 |
+-------------------------+-------------------------+-------------------------+
|Cash |75 | |
+-------------------------+-------------------------+-------------------------+
|Accounts Receivable | |75 |
+-------------------------+-------------------------+-------------------------+
|Cash |75 | |
+-------------------------+-------------------------+-------------------------+
|Accounts Receivable | |75 |
+-------------------------+-------------------------+-------------------------+
|Accounts Receivable |63 | |
+-------------------------+-------------------------+-------------------------+
|Sale | |63 |
+-------------------------+-------------------------+-------------------------+
Reconciling on *Accounts Receivable* with all operations involving that
specific customer will result in:
Reconciliation on *Account Receivable* showing operations with Joe
.. rst-class:: table-condensed d-c-table
.. rst-class:: table-condensed d-c-table
+-------------------------+-------------------------+-------------------------+
|Accounts Receivable: Joe |Debit |Credit |
+=========================+=========================+=========================+
|Invoice 42 |121 | |
+-------------------------+-------------------------+-------------------------+
|Payment 55 | |75 |
+-------------------------+-------------------------+-------------------------+
|Payment 63 (partial) | |46 |
+-------------------------+-------------------------+-------------------------+
| |
+-------------------------+-------------------------+-------------------------+
|Invoice 47 |63 | |
+-------------------------+-------------------------+-------------------------+
|Payment 63 | |29 |
+-------------------------+-------------------------+-------------------------+
|Open Balance | |34 |
+-------------------------+-------------------------+-------------------------+
+-------------------------+-------------------------+-------------------------+
|Accounts Receivable |Debit |Credit |
+=========================+=========================+=========================+
|Invoice 1 |121 | |
+-------------------------+-------------------------+-------------------------+
|Payment 1 | |75 |
+-------------------------+-------------------------+-------------------------+
|Payment 2 (partial) | |46 |
+-------------------------+-------------------------+-------------------------+
| |
+-------------------------+-------------------------+-------------------------+
|Invoice 2 |63 | |
+-------------------------+-------------------------+-------------------------+
|Payment 2 | |29 |
+-------------------------+-------------------------+-------------------------+
|Open Balance | |34 |
+-------------------------+-------------------------+-------------------------+
The reconciliation process yields the first invoice being paid in full, but
the customer having "Invoice 2" still open (it has an open balance) and an
outstanding debt of 34€.
Bank Reconciliation
-------------------