This option will only include items sold/traded in on invoices created through the Over-the-Counter sales invoice. It will not find items sold/traded in through the old Equipment Sales Invoice.
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Function Key Explanations |
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View a list of existing data |
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Change from Sales General Ledger to Expense General Ledger |
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Post adjustment |
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Edit-Over Allowance for selected invoice |
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Clear field |
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Exit screen |
This option is used to make the adjustments necessary when the Sales Invoice was created so that the Trade In value was overstated. The Asset account for the trade-in will be adjusted and either the Sales account for the new equipment sold or an Expense account will the adjusted. The General Ledger entries recorded by the option will appear under the Equipment Over-allowance EA) journal.
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This option will only include items sold/traded in on invoices created through the Over-the-Counter sales invoice. It will not find items sold/traded in through the old Equipment Sales Invoice. |
Select Equipment Inventory >>Processing>>Over-allowance adjustments
Enter your employee password
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After completing the screen above, press ENTER. The Equipment items will appear on the screen.
You will see the F8 button appear in the top left corner of the screen. Select F8 to change from Sales General Ledger to Expense General Ledger.
Highlight the Trade-In item and press ENTER.
Type in the over-allowance amount and press ENTER.
The Trade-In value will decrease by the amount you typed in.
Highlight one of the items you sold and press ENTER.
Type in the portion of the over-allowance you want to reference against this item.
Continue with each item you need to apply the over-allowance to and then press F10 Post when the values are equal. This will DR the 300 level account for the new equipment and CR the 12500 account for the trade-in.,