TRAVERSE Global v11.1

Transaction Journals Overview

Before you use the function on the Transaction Journals menu, complete these tasks:

  • Set up your IDs and codes using the functions on the Accounts Receivable and Sales Order Setup and Maintenance menus.
  • Verify your IDs and codes using the functions on the Accounts Receivable and Sales Order Master Lists and Accounts Receivable Interactive View menus.
  • Enter all applicable transactions.

Use the functions on the Transaction Journals menu to perform these tasks:

  • Use the Print Picking Slips function to produce picking slips, which list the items and quantities needed to fill an order.
  • Use the Print Packing Lists function to produce packing lists, which list the items and quantities packed for shipping.
  • Use the Print Invoices function to print invoices and verified orders you entered in the Transactions function.
  • Use the Open Order Report function to print a list of unposted orders and returns.
  • Use the Sales Journal function to check for mistakes and omissions in unposted sales transactions.
  • Use the Miscellaneous Credits Journal function to check for mistakes and omissions in unposted miscellaneous credits.
  • Use the Daily Sales Tax Journal function to verify taxes collected and owed by tax location.
  • Use the Backorder Allocation Report function to find out which backorders you can fill with inventory items.
  • Use the Post Transactions function to create open invoices for each sale, shipped order, and miscellaneous credit entry that you recorded as a transaction and to clear transactions and cash receipts.

If any transaction is incorrect, use the Transactions functions edit it, then reprint the appropriate invoice or journal before posting the transaction. When transactions are posted, cash receipt, open invoice, customer, and history information is updated. If you interface Sales Order with General Ledger, the GL Journal is also update when you post.

After you post your transactions, use the functions on the Accounts Receivable Open Invoices menu to work with payments; analyze balances, money due, cash flow, and finance charges; and summarize your customer accounts.