Keystroke Point of Sale Help


Report Manager - Options Screen - Method

The Method option defines how Transactions are to be selected to be included on the report based on payment status.

Accrual (All) - All transactions will be reported, regardless of payment status.
Note: This is the most common accounting method and should be used unless specifically instructed to do otherwise by a CPA.

Weighted Cash - Only paid portions of transactions will be reported.
Example: If an On Account invoice has been 50% paid, the report would show 50% of the entire amount.

When using the Weighted Cash method, Invoices paid by ROA payments are listed on the date(s) the ROA Payment(s) were applied to them and the Percent Paid is based on the ROA Payment(s) for that date. The result is that an Invoice can be included on several different days (once for the Transaction Date and then again for each date an ROA payment was applied to it). However, the Percent Paid on each of those days is a fraction and when all payment activity is added together the total is the same as the Transaction Total.

Cash - Only transactions which are fully paid will be reported.
Example: If an On Account invoice has been 50% paid, the report would be $0.00 (no amount would be reported until the entire invoice is paid in full).

See:

Commission Tables

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