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QuestionDouble Entry System Accounting Database Design Pin
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PrateekM12-May-16 0:43
PrateekM12-May-16 0:43 
Thanks for your reply.

1. I am planning to add the inventory master to that structure in future.

2. After combining tables 2 and 3, can we manage multiple transactions in 1 invoice?

Consider a scenario:

I have a client on whom I will make an invoice for services provided.

Now I have provided 3 services to him Namely
a. Bookkeeping Service
b. Reports Preparation Service
c. Business Consultancy Service

The Invoice will be having:

1. Date
2. Invoice Number
3. Client Name (which will be and Asset Account)
4. The Line level items (which are the services provided to him)
S.No | Item/Service Name | Duration | Rate per duration | Amount
1 | Bookkeeping Service | 1 year | $1000 | $1000
2 | Reports Prep Service| 6 months | $100 | $600
3 | Busin. Conslt. Srv. | 1 month | $500 | $500

Total : $1600.00
Applicable Taxes (if any): $0.00
Grand Total: $1600.00


Now each line level item will have an independent account mapped to it which will be credited and the client account will be credited.

On receipt of that invoice amount, Cash Account will be debited and Client account will be credited.

I need to allocate each receipt to an invoice as well as the client and calculating the closing balance.

I am a bit confused about making this design scale-able to accommodate new tables like inventory, payroll, taxation etc.
GeneralRe: Double Entry System Accounting Database Design Pin
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QuestionCreate a integration Layer between WCF XML/SOAP and JSON over rest Pin
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