Close Order
Owned by Rick Eggleston (Unlicensed)
Close Order
When the order is closed, the charges on the order become revenue, and Open-Order Adjustments are posted. If a Payment is collected through a register, it is posted as a cash asset; and, if there is an outstanding balance for the order, it is recorded as an A/R Charge.
User Interface
Data Model
Data Flow
Reports
Example T-Accounts
- Close an order containing a charge with a volume discount; post a payment amount greater than the order balance.
| Debit | Credit | ||||||||
| + | $200.00 | Payment | Cash (Asset) | $200.00 | PAYMENT | + | |||
| - | $35.67 | Volumen Discount | Discount (Expense) | $35.67 | CHARGE_ADMIN::ADJUSTMENT | - | |||
| - | $141.92 | Charge | Sales (Revenue) | $200.00 | CHARGE_ADMIN::CHARGE | + | |||
| + | $93.75 | Client Credit | Client Credit (Liability) | $93.75 | CREDIT_MEMO | + | |||
| $0.00 | Balance | $0.00 | $0.00 |
VetView Wiki Most recent releases of VetView: Version 4.1.3 Hotfix (Released 2/16/2024)
Definitions
Refer to the 'Inventory and Accounting Definitions' wiki page for the definition of inventory and accounting terms, and for details about fields and controls.
Contents