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[Accounting] PoS customer payment (bank & cash) impact in accounting app.

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AccountingSF-Experts
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Pei Hua Tsai (pht)

Objective:

This document elucidates the influence of bank and cash payments on the accounting application.

This document is not version-specific


For further information, please refer to the related document

[Accounting] PoS Customer Account Impact in accounting app.
https://www.odoo.com/forum/help-1/accounting-pos-customer-account-impact-in-accounting-app-245138


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Pei Hua Tsai (pht)
Author Best Answer

Workflow:

1. In the PoS checkout session, we would select the payment method ‘Bank’ or ‘Cash’

2. If we select the bank payment, then you will see one journal entry created in the ‘Bank’ journal as below.
Since the account is Account Receivable (AR) (PoS), it means another journal entry is created in the ‘Point of sale’ journal. However, the journal entry in PoS will be recorded when we close the session.


3. Before we close the session in the PoS, we sell another product for $97.75 and the client pays the cash. Now we close the PoS session.
We will see a journal entry in the ‘Cash’ journal for $97.75.

Since it is using an AR (PoS) account, we will see another journal entry in PoS journal.


4. Once we close the PoS session, there is one journal entry created in the ‘Point of sale’ journal as below. The entry contains two transactions. One from the bank journal and another from the cash journal.



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