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

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?

Description

Cause

Resolution

	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

Solution Properties

Solution ID: 220924960111359
Last Modified Date: Mon Nov 21 17:54:25 UTC 2022
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