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- 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
THe The items that go are pushed to Xero are the:
- Customer Details
- PaymentsCustomer Receipts
- Invoices
- Summed up at Inventory Group level
- Inventory Groups
- Customer Invoices - One line per BUZ line.
Xero is our main focus for accounting integration. It has the advantage being automatic a stable, cloud based system and is entries are done in real time.
MYOB Premier V19
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- Customer Details
- Payments
- Invoices
- Summed up at Inventory Group level - e.g. 5 lines for roller blinds becomes 1 line quantity 5 in MYOB.
- Inventory Groups
To get BUZ to interface with MYOB
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