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Accounts Receivable Simulator

Customer Master → Customer Invoice → Receipt → Customer Credits

Customer Invoice Processing

Customer: TechCorp (VAT Reg: 987654321)

Invoice #INV-1001 for 10 Laptops Sale.
Output VAT Charged (15%).

Goods Value: R 10,000.00
Output VAT (15%): R 1,500.00
Total Receivable: R 11,500.00

Customer Credit Note

Credit: Returned Items

Credit Note for returned laptops from Invoice #INV-1001.
VAT reversal on credit.

Credit Amount: R 2,000.00
VAT Reversal (15%): R 300.00
Total Credit: R 2,300.00

General Ledger (Journal)

Chronological record of all transactions
Date Ref Account Type Debit (R) Credit (R)
No transactions posted yet.

T-Accounts (General Ledger)