Page Comparison

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Currently BUZ has integration with:

• Xero
• MYOB Premier V19
  
  

On this page:

Accounting Integration and the order and payment life cycle.

BUZ and the accounting systems BUZ integrates with are all "Open Item" systems this means that receipts applied to invoices rather than the customer's balance. This means that until there is an invoice in the accounting system there is nothing to attach money to.

• Initial deposit and any other receipts received prior to invoicing order are posted to the Deposits Held General Ledger account in the accounting system. BUZ however holds the money against customer's order.
• The order is invoiced when the product is delivered/installed in BUZ. This is mainly because changes to the order once invoiced are complicated to process for tax and accounting period implications.
• When the order is invoiced the first step is to see if the customer exists in the accounting system and if not add the customer.
• Next the invoice is added to the customer's account, each line on the invoice in BUZ becomes a line on the accounting invoice and the product will be the Inventory Group and the net selling price. If cost is available in BUZ then this is posted directly to the Cost of Goods Sold in the General Ledger.
• The final customer payment is applied to the invoice in the accounting system.
• Any payments made prior to invoicing are then transferred from the Deposits Held General Ledger account are then deducted from Deposits Held and added to the invoice.

Xero

Xero is our main focus for accounting integration. It has the advantage being automatic system and is done in real time.

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