Sales and purchasing in Genoa is the module where a company records what it sells to customers and what it buys from suppliers. It works alongside inventory, accounting, and customer and supplier ledgers in the same product. It is built for Iraqi companies that buy and sell goods.
Sales are everything a company sells to its customers, and purchasing is everything it buys from its suppliers. In Genoa, one module covers both sides.
Sales and purchases are recorded in Genoa as invoices: a sales invoice to a customer and a purchase invoice from a supplier.
A sales invoice takes items out of stock and, for a sale on credit, adds to the customer's balance. A purchase invoice brings items into stock and, for a purchase on credit, adds to the supplier's balance.
Invoices are also reflected in the accounts, because all the modules are part of the same product.
It is common for Iraqi companies to import goods, pay for them in US dollars and sell them locally in Iraqi dinars. For these cases, Genoa offers two optional features.
Both are off by default and are switched on per organisation, according to each company's needs.
They are one module in Genoa, covering both selling to customers and buying from suppliers.
This module works alongside inventory, accounting, and customer and supplier ledgers in the same product.
Yes. A sales invoice on credit is reflected in the customer's ledger in Genoa, so the amount appears in what the customer owes the company.
From there, the age of that debt can be followed through ageing.
Keep track of the items your company buys, stores and sells, alongside sales and the accounts.
Follow customer debts and supplier balances, with ageing that shows how long each balance has been open.
Keep the books in Iraqi dinars in the same product as inventory, sales and purchasing, and the ledgers.
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