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Sample Approved Invoice in OrderStream:
1 Widget Sold for:
Sales $100 CDN
GST $7
PST $8
Standard Cost:
$70.00 CDN
Actual Cost:
$75 CDN
The following table illustrates the distribution of GL accounts:
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Accounts Receivable
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115.00
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Sales
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100.00
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GST
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7.00
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PST
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8.00
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Cost of Goods
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75.00
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Cost Variance
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5.00
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Inventory
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70.00
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A Credit Note follows the same logic however the Debits and Credits are reversed. All inventory postings and COGS are in your native currency.
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