Showing posts with label ORDER TO CASH CYCLE ACCOUNTING. Show all posts
Showing posts with label ORDER TO CASH CYCLE ACCOUNTING. Show all posts

ORDER TO CASH CYCLE ACCOUNTING

Sales order entry
No Accounting

Sales Order Pick
Sub Inventory A/c---------------Dr At Std Cost
             Sub-inventory Material A/c Setup
To Inventory A/c----------------Cr At Std Cost(Staging)
            Sub-inventory Material A/c Setup

Ship Confirm
No Accounting

Sales Order Issue
COGS A/c-------------------Dr It can be fetched from five places
    Master Item/Org/Order Type/Line Type/Shipping Paramts
To Sub Inventory A/c------Cr At Std Cost
   Sub-inventory Material A/c Setup

Transaction level
Receivable A/c------------------------Dr
        Transaction type
To Revenue A/c-----------------------Cr
        Transaction type
To Frieght A/c------------------------Cr
       Transaction type
To Tax A/c----------------------------Cr
        Tax codes

Receipts
Cash/Bank A/c------------------------Dr
       Bank
To Receivable A/c--------------------Cr
      Transaction type