Sales
Sales refer to the revenue generated from selling goods or services during a specific period. It is recorded in the income statement as "Sales Revenue" or "Turnover" before deducting expenses. Sales transactions impact accounts receivable, cash flow, and financial reporting.
To access the Sales, go to: > Home > Application > Finance > Operations > Sales
How can I get Benefit ?
ValueBot offers a useful feature for Accounting through Sales
- Revenue Generation : Sales bring in money, helping businesses grow and stay profitable.
- Business Expansion : More sales allow a company to expand, hire more employees, and develop new products.
- Customer Relationships : Good sales create loyal customers, leading to repeat business and long-term success.
Properties
Primary Properties
| Property | Description |
|---|---|
| Voucher No | Voucher Entry Number will generate default |
| Date | Date refers the Transaction date |
| Reference No | Can Enter other references number related to Voucher |
| To Credit | Select Sale Account from list |
| Amount | Enter the amount you want to post to Sale Account |
| Narration | Can Enter information related to Voucher |
Line wise Properties
| Property | Description |
|---|---|
| Type | If we select 'To-Credit,' the amount will be posted to the credited account |
| Type | If we select 'To-Debit,' the amount will be posted to the debited account |
| Ledger | You Can Select Customer Account ledger from list |
| Amount | Enter the amount you need to post to the ledger |
Create New Sales Voucher
- Go to the Sales
- You can observe
Voucher Numberis generated by default. - Under the To Credit, Select Sales Account Ledger
- Enter the Sale Amount.
- Click
Add New, Select Customer account ledger and enter the amount.
- Enter any additional information in the Narration field for your reference.
- Click
Save
Edit a Sale Voucher
- Go to the Ledger Summary
- Select Account Ledger and Choose the transaction
- Make Necessary changes
- Click
Save
Delete a Sale Voucher
- Go to the Ledger Summary
- Select Account Ledger and Choose the transaction
- Click
Delete
warning
Deleting a Sales from the ledger will cause a variation in the closing balance.