Transaction Method
With the transaction method, container management processes each transaction that is recorded for the customer. You refund for each return and charge for each delivery. This method varies significantly from the summary method when the deposit rate changes.
This example demonstrates the results when the system uses the transaction method in conjunction with the FIFO accounting method. In this case, you charge the customer even though the customer does not surpass the initial number of containers on deposit.
This table displays a customer transaction record:
Description |
Date |
Quantity |
Rate (USD) |
Amount (USD) |
|---|---|---|---|---|
Initial Deposit |
1-Jan-00 |
5,000 |
20.00 |
100,000.00 |
Returned |
10-Jan-00 |
(500) |
20.00 |
(10,000.00) |
Delivered |
10-Jan-00 |
500 |
20.00 |
10,000.00 |
Returned |
15-Jan-00 |
(1,000) |
20.00 |
(20,000.00) |
Delivered |
15-Jan-00 |
800 |
30.00 |
24,000.00 |
Returned |
25-Jan-00 |
(800) |
20.00 |
(16,000.00) |
Delivered |
25-Jan-00 |
1,000 |
30.00 |
30,000.00 |
Balance |
na |
5,000 |
na |
118,000.00 |