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pos:payoutorder [2025/09/20 19:27] – [Account Payments] mrjimpos:payoutorder [2025/09/20 20:40] (current) – [Account Payments] mrjim
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 {{pos:accountincome.png?400 }}There is a tool in the OIC> Store Info> [[oic:storeinfo#account_payments|Account Payments]] which allows you to track when payments are made. Some groups make payments for many orders with one check. When a deposit for an account order is made, record the deposit in POS Start> Spend/ Receive> [[pos:startmenu#Spend - Receive|Expenses/ Income]]. Account order deposits are not on the Closeout Report and are unrelated to the sales of day on which they are deposited. They can be paid by check or a credit card payment that is not processed in POS. Many bookkeepers track income on a cash basis by using the daily sales totals as the income and book the income when the order is placed. If an account order for $3000.00 is placed and the payment is deposited 2 months later, the bookkeeper needs a way to track that. {{pos:accountincome.png?400 }}There is a tool in the OIC> Store Info> [[oic:storeinfo#account_payments|Account Payments]] which allows you to track when payments are made. Some groups make payments for many orders with one check. When a deposit for an account order is made, record the deposit in POS Start> Spend/ Receive> [[pos:startmenu#Spend - Receive|Expenses/ Income]]. Account order deposits are not on the Closeout Report and are unrelated to the sales of day on which they are deposited. They can be paid by check or a credit card payment that is not processed in POS. Many bookkeepers track income on a cash basis by using the daily sales totals as the income and book the income when the order is placed. If an account order for $3000.00 is placed and the payment is deposited 2 months later, the bookkeeper needs a way to track that.
  
-There is a rare case where an account order is paid in cash. That payment can be merely included with that day's cash deposit or left in the cash drawer. When a Closeout report shows the overage it will offset the fact that the income from that order is already reported. The deposit on the day the account order was placed did not have the money for that order included.+There is a rare case where an account order is paid in cash on a later date. That payment can be merely included with that day's cash deposit or left in the cash drawer. When a Closeout report shows the overage it will offset the fact that the income from that order is already reported. The deposit on the day the account order was placed did not have the money for that order included.
  
  
pos/payoutorder.1758389249.txt.gz · Last modified: by mrjim

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