Transactions

A Transaction refers to a single monetary event of an organisation eg. a payment, a sale, a purchase etc. These transactions are then summarised to create system generated reports.

Accounting transactions consists of the following type of entries:

  1. Invoice
  2. Receipts
  3. Payments
  4. Contra
  5. Journal
  6. Debit Note
  7. Credit Note
  8. Advance Receipt

Inventory transactions consists of the following type of entries:

  1. Purchases
  2. Sales
  3. Purchase Returns
  4. Sales Returns
  5. Stock Journal