Hi Whats the difference between
- Purchase - "purchase receipts" & "supplier invoices"
- Sales - "customer invoices" & "Sales Receipts"
I've been doing this.. Purchases
- "supplier invoices" - Automatically created by ERP from Purchase orders
- "purchase receipts" - Invoices & till receipts both payed and on account
Sales
- "customer invoices" - Automatically created by ERP from Sales orders
- "Sales Receipts" - Other sales receipts & till receipts
I dont see why there are two types for each?
Edit 4th Nov 2013
I'm leaning towards entering everything as invoices.
Reasons
- The receipt method would struggle with this only having no line items and only one tax option
- Completing the payment is also more cumbersome, not been able to do it from the same page
- Searching for particular invoices becomes harder having to search in two places, and not being able follow links from the partner
- If say I buy a coffee and a cake! the coffee has VAT @ 20% on whilst the cake has VAT @ 0% (hot v cold) payed with cash! I would need to enter two receipts
I have been going through exactly the same thought processes as you here. I'm not a huge fan of entering receipts as an "invoice" (it just doesn't sit well with what I think of as an invoice), but the benefits of different VAT rates etc mean it's really the only way to do it. After entering hundreds of receipts from "Miscellaneous Supplier" (we use this for small shops, cafes etc) on the system I also noticed the system gets very slow at identifying which transaction is being "paid" - if only I had gone through them all one by one to clear them out!