Sales and Credits
Sales
Sales Summary to get the total flower sales. Credit the SALES account and debit A/R account.
Customer Credits
Export to Excel. Post a debit to the sales credits account and a credit to A/R.
Sample Chart of Accounts for Sales
| Income | Description | |
|---|---|---|
| Sales | ||
| Sales Total | This account contains the total flower sales for the company. Entry goes in as credit. | |
Sales - Credits and Returns | All customer credits are posted as a negative value under this account. Entry goes in as debit. | |
| Sales - Customer Discounts | All customer customer discounts are posted as a negative value under this account. Entry goes in as debit. |
Inventory Valuation
Runs from the inventory valuation report. Use the landed cost. This is posted to an asset account. You simply adjust the total using the inventory at the last day of the month.
COGS
This is posted by entering the vendor bills.