AcctRec.pm
Generating an invoice This could be accomplished fairly quickly
by a page which
lists the clients to bill
asks for date, client, amount, items
cash/accrual will be accounted for. If accrual, an journal entry will
be recorded immediately. Another journal entry will be recorded at the collection
of payment.
If cash basis, no journal entry is made. but data is here for reporting?
how can we ensure that entries made in accounting system will be reflected
in this section?
The first problem is when to record the income. if we use a dummy
account, such as ARCash, then we would
debit AR - client
crdit ARCash
Then when we get the money we
debit Cash
Credit Revenue - Client
Debit ARCash
Credit AR - client
The second problem with Cash basis,bc we cannot force user to make all
the right entries unless we take the same approach as investments. dont
let user edit rec journal.
Bc of unique situation for HLR this is problematic. HLR records deposits
on the same deposit slip and casually, so the procedures for this office
are the problem. the fact that slips (sales revenue) are recorded the same
as all other income is the problem.
could use sales revenue for account and invoice# on sub acct
what would be the jornal entry
debit cash
crebit revenu - invoice#
This is what an AR package would do so we have to use one or reinvent the
wheel.
Viewing AR The viewing screen would have to query all invoices,
then query all payments by invoice #, then query all payments by client.
Update accordingly
This module will send data to the Billenator (print/e-mail bills).