When the order is closed, the charges on the order become revenue, and Open-Order Adjustments are posted. If a Paymentis 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 4.2.5 Hotfix (Released 10/31/2024)
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.