Sales Exchange - Local

Approve

POST to GL

Settlement

APPROVE (Sales Exchange - Local)

When a local Sales Exchange is approved, the Trade debtor – control A/C's sub account's credit available will be added the Exchanged amount.

POST (Sales Exchange - Local)

When a Local Sales Exchange is posted to GL, the following accounting entries are created.

GL Interface Type/[Account]	Account Usage	Sub-account	Currency	Dr	Cr	Notes
STOCK IN HAND	Ledger	Prime	Returned Actual Cost - Exchanged Actual Cost	If Returned Actual Cost is greater than the Exchanged Actual Cost, then STOCK IN HAND is DR
COST OF SALES	Ledger	Prime	Exchanged Cost of Sales - Returned Cost of Sales	If Exchanged Cost of Sales is less than the Returned Cost of Sales, then COST OF SALES is CR
COMMISSION PAID	Ledger	Prime
SALES DISCOUNT	Ledger	Prime
SALES	Ledger	Prime
GST-OUTPUT TAX (Sales)	Tax	Prime
TRADE DEBTOR - CONTROL A/C	AR	Customer - Account	Prime
COST OF SALES variance	Ledger	Prime	Exchanged Cost of Sales variance - Returned Cost of Sales variance	If Exchanged Cost of Sales variance is less than the Returned Cost of Sales variance, then COST OF SALES variance is CR
TRADE CREDITORS- CONTROL A/C	AP	Supplier - Account	Prime