Summary of operational accounting entries

The below is a high-level summary of the main operational accounting entries that get posted in Brightpearl, intended for use as a quick reference.

Actions Journal type Accounts
    Debit Credit
Purchases
Receive inventory PG
  • Inventory (asset)
  • Stock rec'd not invoiced (liability)
Receive invoice PI
  • Stock rec'd not invoiced (liability)
  • Purchase tax (liability)
  • Accounts payable (liability)
Make payment PP
  • Accounts payable (liability)
  • Bank (asset)
Sales
Ship inventory GO
  • Cost of goods sold (COGS)
  • Inventory (asset)
Invoice order SI
  • Accounts receivable (asset)
  • Sales (income)
  • Sales tax (liability)
Receive payment SR
  • Bank (asset)
  • Accounts receivable (asset)
Inventory adjustments
Manually add inventory IA
  • Inventory (asset)
  • Inventory adjustment code (COGS)
Manually remove inventory IA
  • Inventory adjustment code (COGS)
  • Inventory (asset)

Further reading

Consult the following articles for a more in-depth exploration of the above:

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