Ledger accounts and journal entries of POS transactions

Every POS transaction is recorded on a receipt, but also in journal entries. In addition, each POS product is linked to a ledger account, where the revenue from this product must be booked.

Ledger accounts

Every product in your register is linked to a ledger account. This ledger account is linked when adding a product. To protect your financial administration, you cannot choose a balance sheet account. It is possible to change the linked ledger account at a later time, or to create a new ledger account especially for POS products. In the 'Results' submenu, you can view the amounts and total revenue per POS product; for your trial balance, it is better to break it down by ledger account.

Journal Entries

The journal entries of a receipt can be viewed by opening the relevant receipt and clicking the 'Journal Entries' button at the bottom right. This shows you which amounts have been booked to which ledger account. When POS products are purchased, the total amount is booked to 'POS suspense account', balanced against the ledger accounts linked to the products. Upon payment, this amount is transferred to the suspense account of the payment method used.

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