Cash Sale

navimbs

What is a cash sale? How do you handle it in navision?

Deep

When you pay cash to a shopkeeper for buying a coke, it is a cash sale for that shopkeeper.
Hope you got it.

Cash sale is done in NAV in many ways, for ex. making a cash sale customer (for all the cash sales in one account), and creating and using a "Cash" payment term/payment method on a sale invoice using this customer, or by just using the created method/term on any sale invoice.

navimbs

I posted an invoice with payment method as Cash.
Posting Date Document Type Document No. G/L Account No. Description Gen. Posting Type Gen. Bus. Posting Group Gen. Prod. Posting Group Amount Bal. Account Type Bal. Account No. Entry No.
01/25/01 Invoice 103023 6110 Invoice 1004 Sale NATIONAL RETAIL -49,950.00 G/L Account 2534
01/25/01 Invoice 103023 2310 Invoice 1004 49,950.00 G/L Account 2535
01/25/01 Payment 103023 2910 Invoice 1004 48,951.00 Customer 10000 2536
01/25/01 Payment 103023 2310 Invoice 1004 -49,950.00 G/L Account 2910 2537
01/25/01 Payment 103023 9250 Invoice 1004 999.00 G/L Account 2538
Can you explain the entries plz?

Deep

The system first created a sales entry and made the amount due in the customers control a/c.

Then in relation to the cash method or term, it immedietely passed a cash payment entry along with the discount granted, and removed the due amount from the customers control a/c.

Check the cash amount received in the G/L account in relation to the basic structure of your invoice (including payment discount %).