The Sales section is used for sales transactions accounting.
Main documents of the section: Customer Order and Invoice (are located in the Sales Documents subsection).
The Customer Order registers a customer's intention to purchase a specified amount of inventory/services you offer with the specified price.
Based on the Customer Order we can reserve inventory in a warehouse, as well as generate and print a proforma invoice for a customer.
The sale of inventory/services itself is shown in the system by the "Invoice" document. You can create the Invoice individually, or based on the Customer Order. The last method helps to avoid the data refilling.
In both documents, you can specify payment terms.
In the future, you can control the terms compliance by specialized reports.
In the Reports subsection, you'll find reports containing information about sales and mutual settlements with customers. E.g. you can use the Gross Profit report to analyze marginal profit by sales documents.
The "Accounts Receivable Aging" shows the receivables age, and allows you to find out the overdue receivables.
The Sales section contains such reports for analysis of:
- Sales by customers
- Customer orders completion
- Mutual settlements with customers
You can also store the information about inventory/services sale prices in the system.