Examples of purchase journal entries from Order management
Example:
- Article ABC has a fixed transfer price (VVP) of €5, a sales price of €15 and a purchase price of €6.
- At the moment there is no stock, however, stock is tracked by Profit.
- Stock journalising is enabled.
- VAT 21%.
A purchase order does not generate a journal entry because at the time of the order there is no movement of goods.
In this example, we assume that the article groups have been configured in a certain way. Please refer to the configuration of the 
article groups.
The above example results in the following journal entries.
Goods receipt:
100 units for a purchase price of € 6 would return the following journal entry.
Account |
Debit |
Credit |
Stock (transfer price * quantity) |
500.00 |
|
Price difference (quantity * (purchase price - settlement price) |
100.00 |
|
To Purchase (purchase price * quantity) |
|
600.00 |
To enter a purchase Invoice from Financial:
Account |
Debit |
Credit |
Purchase (invoice amount) |
620.00 |
|
VAT |
130.20 |
|
To Creditor |
|
750.20 |
Reconciliation:
Account |
Debit |
Credit |
Reconciliation difference (purchase price - invoice amount) |
20.00 |
|
To Purchase (purchase price - invoice amount) |
|
20.00 |
|
Directly to |