Page Comparison

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• Purchase Order

  • Use "Yongle Owned" Warehouse

  • Create a Prepayment Invoice

  • Pay the Vendor.

  • Receive

  • Invoice

    • Debit Inventory for "Yongle Owned", $3

    • Credit AP, $3

• Use Sales Order to transfer ownership to Clients.

  • Use "Yongle Owned" Warehouse

  • Create a Prepayment Invoice

  • Get paid.

  • Then Allocate and Ship

  • Invoice

    • DR AR

    • CR Revenue (4190-BG Merchandise Sales), $10

    • DR COGS (5280-Cost of Goods Sold - Misc), $3

    • CR Inventory for "Yongle Owned"

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• To add inventory to "Yongle Consignment"

  • On the Sales Order, specify final Consignment Warehoues and Quantities

    • Yongle Consignment

      • Auto create an Item Journal to add total shipped quantities to Yongle Consignment at 0 cost.

    • Breaking Games Consignment

      • Auto create a Transfer Order to transfer inventory from Yongle Consignment to BG Consignment

      • Post the Whse Shipment

      • When the goods arrive at BG Consignment, create Whse Receipt.

• Receive EDI Orders from Walmart and Target with consignment Warehouse.

  • Allocate and ship

  • Invoice

    • DR B/S Contra Consignment Inventory (Account COGS) $0

      • with 0 inventory value

    • CR Inventory (Consignment Warehouses) $0

    • DR AR $20

    • CR Client Fund Payable (Account Sales) $19$20

    • CR Service Revenue $1

    • Programming Note:

      • Added Account Posting Group to Warehouse and assign

      • Added Sales Invoice Line trigger to look for the correct APS to use based on the Accounting Posting Group defined on Warehouse - done

• When AR is received from the client's customers, then pay the client.

  • Create a Payable

    • DR Client Fund Payable

    • CR AP (to your client)

    • DR Service Fees and Expenses

      • Need more discussions on logic

        • Fixed amount

        • % of sales amount

        • Receiving, Storage,

  • Create Cash Disbursement

    • DR AP

    • CR Bank Account

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