Sale of Goods

Sale of Goods is the income ledger for physical items sold: trekking gear, souvenirs, any stock item. When a Sales Invoice with a stock item is submitted, the net price is credited here, the 13 percent VAT is credited to VAT Payable and the gross total is debited to Debtors; if the invoice also updates stock, Cost of Goods Sold and Stock In Hand move at the same time. A credit note, a Sales Invoice marked Is Return, debits this ledger to reverse a sale, because deleting a submitted invoice is forbidden. The credit balance grows with sales and is reset to zero by the Period Closing Voucher. Each posting should match a row in the Sales Book.

Sale of Goods for the period = Net value of goods invoiced - Credit notes, excluding VAT

1. 01Go to Invoicing > Sales Invoice > New and pick the customer.
2. 02Add the stock items; the income account fills from the Item or the Company default.
3. 03Choose the template VAT 13% - YFF; the tax row appears against account 2261.
4. 04Submit. The entry below posts, the QR is printed and the invoice syncs to the CBMS.
5. 05For a return, open the invoice and click Create > Return; submit the credit note to reverse the lines.
6. 06Read the ledger on Financial Reports > General Ledger with the Account filter set to Sale of Goods.

Set it as the income account on item groups for goods. Sales Invoice posts here automatically; VAT goes to VAT Payable.

Sales Invoice ACC-SINV-2026-00004: Dr Debtors Rs 36,160, Cr Sale of Goods Rs 32,000, Cr VAT Payable Rs 4,160 for Jivan Dahal.