OM to Receivables accounting entries

[Prathmesh]

Dear Friendes,
Pls tell me the accounting entries generated by the system in O2C cycle?

Regards,
Prathmesh

[kkmundhra]

HI Prathmesh,

O2C a/c entries are as follows :

At shipments:

Dr COGS
Cr Inv

At invoicing:

Dr Receivables
Cr Revenue
Cr Tax
Cr Freight

At Receipt:

Dr Cash Clearing
Cr Receivables

At Clearing

Dr Cash
Cr Cash Clearing

Hope it is clear

Thanks

Karan

[Prathmesh]

Hu karan,

Thanks for the help.