Sales

The Sales module records what your customers owe you. A quote becomes an invoice once it is accepted, an approved invoice posts to your ledger as an amount receivable, and matching the customer's payment in bank reconciliation marks the invoice as paid. Credit notes reduce what a customer owes. Quotes and invoices can be emailed to the customer directly from Marbles.

How sales work

Select Sales in the main menu. The module has three tabs: Invoices, Quotes and Credit notes.

  1. Quote the work, if you need to. An accepted quote is converted to an invoice without re-entering the details.
  2. Invoice the customer. Approving the invoice posts it to the ledger and it can be emailed to the customer.
  3. Receive the payment into your bank, then match the bank transaction to the invoice in bank reconciliation. Marbles records the payment and updates the amount due.

Invoices

The Invoices tab lists invoices by status, with the invoice number, reference, dates and the amount due. An invoice past its due date is shown as overdue.

Status Meaning
Draft Saved but not yet submitted. No effect on the ledger.
Awaiting approval Submitted for review. No effect on the ledger.
Awaiting payment Approved and posted to the ledger.
Paid Settled in full by payments, credit notes or both.
Voided Cancelled after approval. The invoice is kept for your records but no longer affects your accounts.

Creating an invoice

Select New invoice and complete the details.

  • Contact is the customer. A new contact can be created from this field.
  • Issue date and Due date. The issue date is the date the invoice is posted to the ledger.
  • The Invoice number is assigned automatically. Reference is optional, for example the customer's purchase order number.
  • Tax states whether line amounts are Tax Exclusive, Tax Inclusive or No Tax.
  • Each line has an Item, Description, Qty, Price, Discount, Account and Tax rate. Items are maintained under Settings > Products and services.
  • Terms holds payment terms, conditions and notes for the customer.

Select Save to keep the invoice as a draft, Approve to approve it, or Approve and Email to approve it and send it to the customer in one step. Invoices are issued in Australian dollars.

Approving and sending

Approval posts a journal entry dated on the issue date: accounts receivable is debited with the total, the revenue accounts on the lines are credited, and GST is credited to the GST account. An invoice can be edited only while it is in draft or awaiting approval.

To send an invoice, open it and select Email. Check the recipient, Subject and Message, then select Send. The email is sent from your organisation's Marbles address, and replies go to your organisation's email address. Select Download PDF to save a copy.

Receiving payment

When the customer's payment appears in your bank feed, open bank reconciliation, select Match on the statement line and choose the invoice. Marbles records the payment on the transaction's posting date and reduces the Amount due. A payment smaller than the amount due leaves the invoice awaiting payment with the balance outstanding. To undo a payment, unreconcile the bank transaction. Matching is described on the Banking page.

Voiding, reversing and deleting

Action When to use it
Delete For an invoice in draft or awaiting approval. This cannot be undone.
Void For an approved invoice issued in error. The journal entry is voided, so the invoice's date must be in an open period.
Reverse For an approved invoice dated in a locked period. Marbles posts a reversing entry in the next open period and marks the invoice as voided.

An invoice with a payment or credit applied cannot be voided or reversed. Unreconcile the payment, or remove the credit allocation, first.

Quotes

A quote offers goods or services at a stated price. It does not affect the ledger. Select New quote and enter the Contact, Issue date, Expiry date, Reference, Tax setting and line items. The Quote number is assigned automatically.

Status Meaning
Draft Saved but not yet sent.
Sent Issued to the customer. A sent quote past its expiry date is shown as expired.
Accepted The customer has agreed to the quote.
Declined The customer has declined the quote.
Invoiced An invoice has been created from the quote.

Select Send to mark a draft quote as sent, and Email to email it to the customer. When the customer responds, select Accept or Decline. A quote can be edited while it is in draft or sent, and deleted at any stage.

Creating an invoice from a quote

Open an accepted quote and select Create invoice. Marbles opens a new invoice with the quote's contact and lines. The invoice must be for the same contact as the quote. Once the invoice is saved, the quote is marked as invoiced and View invoice opens the invoice from the quote.

Credit notes

A credit note reduces the amount a customer owes, for returned goods or a billing correction, for example. Select New credit note on the Credit notes tab, or open an invoice and select Add credit note to raise a credit note against that invoice.

Status Meaning
Draft Saved but not yet submitted. No effect on the ledger.
Awaiting approval Submitted for review. No effect on the ledger.
Available Approved and posted to the ledger, with credit remaining to allocate.
Applied Fully allocated to invoices.
Voided Cancelled after approval.

Approval posts a journal entry dated on the issue date that mirrors an invoice: the revenue accounts and GST are debited, and accounts receivable is credited. A credit note raised from an invoice is applied to that invoice when it is approved, up to the amount still due on the invoice.

Allocating credit

Open an available credit note and select Allocate credit. Marbles lists the contact's invoices awaiting payment with the amount due on each. Enter the Amount to credit against one or more invoices. An allocation cannot exceed the amount due on the invoice or the credit remaining on the credit note. A credit note applies only to invoices for the same contact.

Allocations are listed on the credit note under Allocated to, where each can be removed. A credit note can be voided or reversed only after its allocations have been removed.

Roles and permissions

Role Sales access
Reader View invoices, quotes and credit notes, and download PDFs.
Advisor Everything a Reader can do, plus create, edit, approve, email, void, reverse and delete sales documents, and allocate credit.
Administrator Everything an Advisor can do.