Accounting Enter Sales
Usebutton to select the vehicle, calculate financing, etc. Frazer will create the correct G/L entries associated with the specific type of sale. Auto postings will debit accounts such as 1010 Cash in House, 1020 Contracts, 1130 F&I Receivables or 1140 Accounts Receivable as determined by the type of sale. Auto postings will also credit the appropriate inventory, tax liability and revenue accounts. To see the G/L accounts affected by the sale, after the sale is completed, click in the Customer Activity screen. You can also use Accounting-V or R-4-3 for the G/L listing.