Below are some examples of the different types of POS Transactions in Idealpos. The examples show how the transaction should appear in the MYOB Transaction Journal and will show if the example is for Cash, Accrual or Cash and Accrual GST Accounting Basis.
Sale – All Items GST Inc. – Cash & Accrual
A Sale for $50.00 Inclusive of GST - paid by Cash.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
$50.00 |
|
N-T |
|
4-1100 |
Sales, Food |
Income |
|
$45.45 |
GST |
|
2-1310 |
GST Collected |
Liability |
|
$4.55 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
$50.00 |
$50.00 |
|
Sale – Items are GST Inc. and Ex – Cash & Accrual
A Sale for $50.00 Inclusive of GST and $50.00 Exclusive of GST - paid by Cash.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
$100.00 |
|
N-T |
|
4-1100 |
Sales, Food |
Income |
|
$45.45 |
GST |
|
4-1100 |
Sales, Food |
Income |
|
$50.00 |
FRE |
|
2-1310 |
GST Collected |
Liability |
|
$4.55 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
$100.00 |
$100.00 |
|
Refund/Void Mode Transaction – Cash & Accrual
A Cash Refund/Void Mode for $50.00 Inclusive of GST.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
|
$50.00 |
N-T |
|
4-1100 |
Sales, Food |
Income |
$45.45 |
|
GST |
|
2-1310 |
GST Collected |
Liability |
$4.55 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
$50.00 |
$50.00 |
|
Sale with EFTPOS Cash-Out – Cash & Accrual
A Sale for $50.00 Inclusive of GST with a cash-out amount of $10.00.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
|
$10.00 |
N-T |
|
1-1188 |
EFTPOS |
Asset |
$60.00 |
|
N-T |
|
4-1100 |
Sales, Food |
Income |
|
$45.45 |
GST |
|
2-1310 |
GST Collected |
Liability |
|
$4.55 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
$60.00 |
$60.00 |
|
Lay-By Sale & First Payment – Cash & Accrual
A Lay-by sale of $50 Inclusive of GST with a $10 Deposit paid on Cash.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
$10.00 |
|
N-T |
|
2-1800 |
Lay-By Payments |
Liability |
|
$10.00 |
N-T |
|
|
|
|
|
|
|
|
TOTAL |
|
|
$10.00 |
$10.00 |
|
Lay-By Part Payment – Cash & Accrual
A Part payment is sent to MYOB the same as the first payment.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
$10.00 |
|
N-T |
|
2-1800 |
Lay-By Payments |
Liability |
|
$10.00 |
N-T |
|
|
|
|
|
|
|
|
TOTAL |
|
|
$10.00 |
$10.00 |
|
Lay-By Final Payment – Cash & Accrual
A final Lay-by payment of $30.00 paid on Cash. On the final payment, the GST and Sale amount is sent to MYOB.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
$30.00 |
|
N-T |
|
4-1100 |
Sales, Food |
Income |
|
$45.45 |
GST |
|
2-1800 |
Lay-By Payments |
Liability |
|
$30.00 |
N-T |
|
2-1800 |
Lay-By Payments |
Liability |
$50.00 |
|
N-T |
|
2-1310 |
GST Collected |
Liability |
|
$4.55 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
$80.00 |
$80.00 |
|
Lay-By Credit Adjustment – Cash & Accrual
A Lay-By sale of $50 Inclusive of GST with a deposit of $10.00 Cash. An Adjustment of $1.00 was applied to this Lay-By with an owing balance of $39.00.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
6-1980 |
Lay-By Adjustment |
Expense |
$1.00 |
|
N-T |
|
2-1800 |
Lay-By Payment |
Liability |
|
$1.00 |
N-T |
|
|
|
|
|
|
|
|
TOTAL |
|
|
$1.00 |
$1.00 |
|
Lay-By Debit Adjustment – Cash & Accrual
A Lay-By sale of $50 Inclusive of GST with a deposit of $10.00 Cash. An Adjustment of $1.00 was applied to this Lay-By with an owing balance of $41.00.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
2-1800 |
Lay-By Payments |
Liability |
$1.00 |
|
N-T |
|
6-1980 |
Lay-By Adjustment |
Expense |
|
$1.00 |
N-T |
|
|
|
|
|
|
|
|
TOTAL |
|
|
$1.00 |
$1.00 |
|
Lay- By Cancellation – Refund Monies Paid– Cash & Accrual
Cancel a $50.00 Lay-By with a deposit of $10.00 Inclusive of GST.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
|
$10.00 |
N-T |
|
2-1800 |
Lay-By Payments |
Liability |
$10.00 |
|
N-T |
|
|
|
|
|
|
|
|
TOTAL |
|
|
$10.00 |
$10.00 |
|
Lay-By Cancellation – Refund Part Monies Paid and charged Service Fee (cancellation fee) - Cash & Accrual
Cancel a $50.00 Lay-By with a deposit of $10.00 and a service fee of $5.00 and refund of $5.00.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
2-1800 |
Lay-By Payments |
Liability |
$10.00 |
|
N-T |
|
4-4950 |
Lay-By Fees |
Income |
|
$4.55 |
GST |
|
1-1180 |
Un-deposited Funds |
Asset |
|
$5.00 |
GST |
|
2-1310 |
GST Collected |
Liability |
|
$0.45 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
$10.00 |
$10.00 |
|
When a sale is made, and tendered on Account, the GST Amount is sent to MYOB with the sale amount.
Account Sale – Accrual
Sale of $50.00 Inclusive of GST and tendered on Account.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1200 |
Trade Debtors |
Asset |
$50.00 |
|
N-T |
|
4-1100 |
Sales, Food |
Income |
|
$45.45 |
GST |
|
2-1310 |
GST Collected |
Liability |
|
$4.55 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
$50.00 |
$50.00 |
|
Account Payment – Accrual
A payment of $50 on Account.
|
A/c No. |
Account Name |
A/c Type |
Debit |
Credit |
Tax Code |
|
1-1180 |
Un-deposited Funds |
Asset |
$50.00 |
|
N-T |
|
1-1200 |
Trade Debtors |
Asset |
|
$50.00 |
N-T |
|
|
|
|
|
|
|
|
TOTAL |
|
|
$50.00 |
$50.00 |
|