The creation of a transaction starts from "New document". You can also initiate transaction creation using a shortcut key (N). You can attach a file directly from the Archive or by uploading it from your own folder structure. When creating a sales transaction, the mandatory fields to fill in are:
Date: When the goods or services were purchased. Description: Description of the type of purchase transaction. Type: Since this is a purchase transaction, select "Sales". Payment Method: The account from which the payment was made. In cash-basis accounting, the selected payment method is usually a Bank Account or Cash. In accrual-basis accounting, the Accounts receivable account is commonly used. Account The accounting account where the sales entry is made. The VAT treatment and percentage are automatically retrieved from the settings of the selected account, but can be edited if necessary when entering the transaction. Amount: The gross amount of the sales transaction.
Optional fields that are worth using:
Contact: Which contact the transaction is related to. You can choose an existing contact during the transaction entry, or you can create a new one if needed. Sales Cost: You can easily add the cost incurred from a sales transaction while recording the transaction. These costs usually occur when you use a payment service provider (e.g., Paytrail or Stripe) that deducts their fee directly from the amount to be remitted.
You can edit the transaction later if desired by selecting "Edit". You also have the option to delete the transaction if needed.