What types of transactions can I post in the Sales or Purchases Journal?

Created on 21 November 2022 | Last modified on 21 November 2022

Summary

What is the difference between a quote, an order, a delivery order (DO), a goods received note (GRN), and an invoice? How do the different types of sales and purchases transactions impact my accounting data in Sage 50?

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	JOURNAL ENTRY	REPORTS
Sales Journal transactions
QUOTES	NO	NO
ORDERS	NO	Receivables Pending Orders Inventory Quantity
DELIVERY ORDERS	YES does not include taxes AR not impacted	Receivables Pending Delivery Orders Inventory Transaction Detail Sales Journal Entries
INVOICES	YES “Full” entry	Many reports
Purchases Journal transactions
QUOTES	NO	NO
ORDERS	NO	Receivables Pending Orders Inventory Quantity
GOODS RECEIVED NOTES	YES Does not include taxes AP not impacted	Receivables Pending Delivery Orders Inventory Transaction Detail Purchases Journal Entries
INVOICES	YES “Full” entry	Many reports

What types of transactions can I post in the Sales or Purchases Journal?

Summary

Description

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SUPPORT & TRAINING

PARTNERS

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