SIMS and SFM Interface Posting

SIMS and SFM Interface Posting

The following table identifies the accounting entries posted in the Shireburn Financial Manager from transaction in the Shireburn Management Inventory System.

The link from the inventory to the accounting system is available from the stock group or where applicable from the location code. Further details will be available before implementation of both systems.

While the system will post sales invoices and purchase invoices individually, the entries for cost of sales, adjustments, and WIP values the system will group together by the stock group (or location) on a daily basis.

Transaction Type
Debit
Credit
Invoice and Credit Notes – Sales Value
Client Account
Sales Account
Invoice and Credit Notes – Cost of Sales
Cost of Sales Account
Stock Control
Cash Sales/Return
Cash Account
Sales Account
Cash Sales/Return – Cost of Sales
Cost of Sales Account
Stock Control
Purchases (Local/Foreign)
Stock Control
Supplier’s Account
Adjustment Add
Stock Control
Stock Adjustment Account
Adjustment Deduct
Stock Adjustment Deduct
Stock Control
Issues to WIP
WIP Account
Stock Control
Returns from WIP
Stock Control
WIP Account
Receipt of Finished Goods
Stock Control
Finished Goods Values
Returns of Finished Good to Production
Finished Goods Value
Stock Control


The above interface will not require the opening stock, purchases and closings stock accounts, as the system will post of the cost of sales, adjustment, and WIP cost accounting on a daily basis.

With the above interface the cost of sales and production costs, etc are available on the trail balance for analysis immediately.

    • Related Articles

    • Tracing a Journal entry from SFM to SIMS interface

      This article provides a step-by-step guide on how to trace a journal entry from SFM back to the source of the posting. In the below example, we have identified a journal entry through the Nominal Audit Trial listed as JR 000040 with values of €150 ...
    • Do I need to Process an End-of-Year in SIMS?

      SIMS does not require an end of year procedures to be run. However, SIMS controls users to only allow posting of transactions, such as sales invoices, cash sales, adjustments and purchases, within a range of dates referred to as the Posting Period. ...
    • Import Entity Gateway in SFM

      The Shireburn Financial Manager (SFM) provides facilities to allow interfacing of third-party applications for the posting of entity data into SFM. The system supports XML, Excel and comma delimited Text (.CSV ) formats. The Entity Importation ...
    • Managing BCRS Purchase Charges in SIMS

      Introduction All purchases in SIMS are only allowed to inventory products and not to non-inventory items.  With the implementation of BCRS from Monday 14th November 2022, and if you purchase products that fall within this new scheme, you will be ...
    • Using Posting Info in SFM for internal communications

      SFM provides a tool that allows you to send pop-up reminders to other users in your system. You can compose Posting Info messages in client/supplier maintenance windows that will appear as pop-up message during sales/purchase transaction posting. ...
    • Recent Articles

    • How to Reverse a Sales/Purchases Transaction in SFM

      Reversing Entries in SFM Once users confirm an entry in SFM, they cannot modify any of its elements. The only available option is to reverse the entire transaction and re-post it with the correct values. The system supports both simple reversals and ...
    • Setting Up BOV SEPA v9

      Before proceeding, please ensure you are using the latest version of SFM. Starting October 5th, 2025, Bank of Valletta (BOV) will begin processing live transactions using the new SEPA file format (version 9). The older version 3 format will no longer ...
    • How do I process a Nominal Reconciliation?

      Procedure for Reconciling a Nominal Account (Current Year > Nominal > Nominal Reconciliation) Account Field: Select the relevant Nominal Account from the drop-down menu that you wish to reconcile. Details Field: Enter any necessary free text in the ...
    • How to Update SFS

      For optimal results, update SFS directly from the server. Important notes before updating: - All Users: Log out of SFS, SIMS and SFM (if applicable). - Remote Desktop Users: Log out of SFS, SIMS and SFM before disconnecting from the remote session. ...
    • How to Add Custom Footers per Client basis

      If you want to apply the same footer across all your invoices or the same footer across all your statements, please refer to this article: How to insert document footers in SFM If you need to use different footers for specific clients, SFM also ...
    • Popular Articles

    • How do I process an End Of Year in SFM?

      Overview SFM allows posting into two financial years simultaneously. This means that users do not need to finalise 2024 before starting to post entries into 2025. The end of year procedure will move the “Current Year” data into the "Previous Year". ...
    • Do I need to Process an End-of-Year in SIMS?

      SIMS does not require an end of year procedures to be run. However, SIMS controls users to only allow posting of transactions, such as sales invoices, cash sales, adjustments and purchases, within a range of dates referred to as the Posting Period. ...
    • How to setup a System Control Account in SFM? (Bank Account, Cash Account, Stock Control, etc...)

      Create the Account in your Chart of Accounts as seen below. Please make sure you use the code depending on your Heading and Sub-Heading digits. After creating the account, you need to specify the account as a System Control Account. Go to Support > ...
    • How to reset your Shireburn remote desktop service (RDS) account password

      The password for the Shireburn RDS Account used to connect to RDS server is set to expire after 90 days. A notification is provided to the user daily starting 5 days prior to the expiry date. In order to change password, the following steps need to ...
    • How to run the SIMS Archive process

      The SIMS Archive function reduces the size of the data store in Live by splitting the same data set in a different database, within the same company. This process improves the SIMS performance as it compacts the Live data set. Users can then access ...