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Re: Sales Invoice vs. Sales Order
- Subject: Re: Sales Invoice vs. Sales Order
- From: Michael Richardson <..hidden..>
- Date: Fri, 21 Sep 2012 12:04:29 -0400
>>>>> "Brian" == Brian Wolf <..hidden..> writes:
Brian> Not knowing much about accounting, can someone explain the
Brian> difference between a Sales Invoice and a Sales Order in
Brian> LedgerSMB ?
Not being an accountant either...
A sales order is what I write down when you want to buy something from
me. You ask me to ship you 10,000 staples next week.
When I actually *do* ship you the 10,000 stables, I generate an invoice
to go with it. Before I ship, I have no receivable asset, but I have
10,000 stables. After I ship, I have a receivable asset posted, but I
don't have the 10,000 staples.
If this happens between 10am and 2pm, not a huge difference.
If it happens between noon on Dec. 31 and I ship on Jan 4, the next
year, this might matter.
Unless I post the order, my factory floor might not actually produce the
10,000 staples, or they shipping department might ship the last 10,000
staples to someone else.
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