Close Order

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

  1. Close an order containing a charge with a volume discount; post a payment amount greater than the order balance.







DebitCredit


+$200.00Payment
Cash (Asset)$200.00

PAYMENT+
-$35.67Volumen Discount
Discount (Expense)$35.67

CHARGE_ADMIN::ADJUSTMENT-
-$141.92Charge
        Sales (Revenue)
$200.00
CHARGE_ADMIN::CHARGE+
+$93.75Client Credit
        Client Credit (Liability)
$93.75
CREDIT_MEMO+

$0.00Balance

$0.00$0.00


VetView Wiki

Most recent releases of VetView:  Version 5.0.2 and 4.2.8 Hotfix (Released 12/20/2024) 

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