📑 Retail & Trade double-entry books

Goods, delivery fees and labour each post to their own income account. VAT is split at 15% on the line, and account sales go to debtors control.

READ FROM THIS DEVICE

Month Revenue (4xxx)

R 0.00

Goods, Delivery & Labour Income

Month Cost & Expenses (5xxx/6xxx)

R 0.00

Stock Cost, Purchases & Overheads

Net Month Operating Profit

R 0.00

Revenue Less Expenses

Output VAT 15% (2150)

R 0.00

Tax Collected On Sales

Input VAT (1200)

R 0.00

Tax Claims On Supplier Invoices

Trade Debtors (1100)

R 0.00

Account Customers Outstanding

Cash & Bank (1000+1010)

R 0.00

Drawer & Bank Balance

📊 Current period VAT figures

Standard rated supplies (excl. VAT):	R 0.00
Output VAT (15% collected):	R 0.00
Input tax deductions (supplier invoices):	R 0.00
Net month operating profit:	R 0.00

These are your own figures, for you or your practitioner to use. IntelliVision does not file a return with SARS.

🔒 How a Retail & Trade sale posts

A sale can carry goods, a delivery fee and labour at once. Each line goes to its own income account, VAT is split per line, and only goods lines touch stock and cost of sales.

          [POSTING RULES]

          • Goods line: DR 1000/1100 / CR 4000 Sales / CR 2150 Output VAT

          • Delivery fee: CR 4030 Delivery Income / CR 2150 Output VAT

          • Labour line: CR 4040 Labour Income / CR 2150 Output VAT

          • On account: DR 1100 Debtors Control (credit limit checked first)

          • Stock intake: DR 5000 Inventory / DR 1200 Input VAT / CR 2100 AP

⚖️ Mini trial balance (top accounts by activity)

Real-time double-entry trial balance from trialBalance().

BALANCED

Account Code	Account Name	Debit (DR)	Credit (CR)	Net Balance
No postings yet — General ledger is currently zero.
Grand Totals		R 0.00	R 0.00	Balanced