Service - CommerceAccounting Sale

Overview

Handle sales in one service, because some Accounting entries include the full amount, some break up according to saleLineItems.

Repository

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Object Schemas

Additional Information

Per Service Schemas

{
	objectType: "comAccSaleLink",
	canDelete: false,
	belongTo: {
		serviceTag: "ComAccLink",
		objectType: "comAccLink"
	},
	addOnDataStructure: [],
	storageResources: {
		"dynamo": {
			"storageType": "dynamoDB",
			"tableName": "comAccSaleLink",
		}
    },
    fieldNames: {
		// probably have two dynamo tables, one identified by saleId, one by journalId
		
    },
    identifiers: [
		{
			// see above note
		}
    ]
}

• one saleId may link to multiple journalIds, sale value and inventory adjustment entries
• maintains a link between saleId and journalIds, so can adjust if changes made to sale

Relationships

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flowSchemas

saleCommitted

• when creating a sale, iterate saleLineItems to decide which journal entries are created
• accountsReceivable accountId will need to come from Service - CommerceAccounting Customer

Sale Value

• the total sale value has journal entry for all the below:
  1. (debit)accountsReceivable(Asset)

• The other side (credit) is broken up depending on goods/service or assets

• For goods value an entry is entered into the below
  1. (credit)goodsSale/serviceSale(Revenue)

• Assets have:
  1. (credit)inventoryAsset(Asset)
  2. (debit)accumulatedDepreciation(Asset)
  3. (debit or credit)creditGainOnSale(Renenue)/debitLossOnSale(Expense)

• Intangible Assets have:
  1. (credit)inventoryIntangibleAsset(Asset)
  2. (debit)accumulatedAmortization(Asset)
  3. (debit or credit)creditGainOnSale(Renenue)/debitLossOnSale(Expense)

• all credit side may have:
  1. (credit)salesTaxPayable(Liability)
  2. (credit)vatPayable(liability)

Goods Sold

• the total saleLineItem value for Inventory Goods has a journal entry for:
  1. (debit)cogsGoods(Expense)
  2. (credit)inventoryGoods(Asset)

Raw Material Sold

• the total saleLineItem value for Inventory Raw Materials has a journal entry for:
  1. (debit)cogsRawMaterial(Expense)
  2. (credit)inventoryRawMaterial(Asset)

Assets Sold

• might not have accumulatedDepreciation applied yet
• if sold for same amount as original value then not have creditGainOnSale/debitLossOnSale
• will need to query Accounting Assets service for depreciation amount
• may need to query ComAcc Inventory service to find link between Commerce Asset and Accounting Asset, so can find depreciation

Services Sold

• no additional entries required

Intangible Goods Sold

• no additional entries required
• entries same as physical Goods

Intangible Assets

• same as an Asset, except use the term Amortization instead of Depreciation, which are functionally the same

saleChange

• make adjustment to journal entries when saleLineItemId changes
• perhaps handling removal of sale/journal entries, or creation of new entries
• basically re-calculate all entries and check against existing

Working documents

CommerceAccounting Sale