finan: Financial vouchers

The lino_xl.lib.finan plugin adds notions like financial voucher and booking suggestion.

Table of contents:

Vocabulary

There are three kinds of financial vouchers:

bank statement

A ledger voucher received from your bank and which reports the transactions that occurred on a given bank account during a given period.

See Bank statements.

payment order

A voucher you send to your bank asking them to execute a series of payments (outgoing transactions) to third-party partners from a given bank account.

See Payment orders.

journal entry

A voucher where you declare that you move money around internally, for your own accounting.

French: “operations diverse”.

See Journal entries.

financial voucher

General term for the voucher types bank statement, payment order and journal entry. They have certain things in common, but use different database models because certain things differ.

expected movement

A ledger movement that did not yet happen but is expected to happen. For example the payment of an invoice.

booking suggestion

A suggestion to add an expected movement to a financial voucher. See Booking suggestions.

Payment orders

A payment order clears the invoices it asks to pay. Which means for example that a supplier might tell you that some invoice isn’t yet paid, although your MovementsByPartner says that it is paid. The explanation for this difference is simply that the payment order hasn’t yet been executed by your or their bank.

Lino books the sum of a payment order into a single counter-movement that will debit your bank’s partner account (specified in the partner of the journal). Your bank becomes a creditor (you owe them the sum of the payments) and you expect this amount to be cleared by an expense in a bank statement which confirms that the bank executed your payment order.

Cash journals

Cash journals are technically the same as bank statements.

Booking suggestions

In a financial voucher you often book transactions that are actually expected. For example, when you have booked an invoice, then Lino knows that each invoice will eventually lead to a payment.