GST Gain Loss - Manual: Difference between revisions

From eStream Software
Line 27: Line 27:
::DR Contra
::DR Contra
:::CR Gain Account
:::CR Gain Account
====Loss====
* Use Supplier Debit Note
::DR Contra
:::CR Supplier
* Use Journal Voucher
::DR Loss Account
:::CR Contra

Revision as of 06:12, 29 November 2016

Scenario

  • Foreign Customer/Supplier but set In Local Currency in SQL Accounting
  • Not buying the Currency Module & force to set Foreign Customer/Supplier in Local Currency in SQL Accounting

Solution

By using Customer/Supplier

  • Debit Note
  • Credit Note
  • Journal Voucher
  • Gain/Loss Account (Set Tax Code to IES(Replace for ES43))

Customer Side

Just Use

  • Debit Note(Gain)
DR Debtor
CR Gain Account
  • Credit Note(Loss)
DR Loss Account
CR Debtor

Supplier Side

Gain

  • Use Supplier Credit Note
DR Supplier
CR Contra
  • Use Journal Voucher
DR Contra
CR Gain Account

Loss

  • Use Supplier Debit Note
DR Contra
CR Supplier
  • Use Journal Voucher
DR Loss Account
CR Contra