Dear friends,
Can any one post the entire O to C cycle flow with accounting entries.
Thanks & regards,
Dhas
O to C Flow with Accounting Entries
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- Posts: 64
- Joined: Mon May 14, 2007 9:47 am
- Location: India
Hi,
Please find the details....
At the time of Booking the Sales - There are no entries generated
At the time of Pick Release - there are no entries generated
During the Shipment :
Cost of Goods Sold A/c ?? DR
To Material A/c
While running the Interface - no Entries
In AR - Entering the Transactions :-
Receivables A/c ?. DR
To Revenue A/c
To Tax A/c
To Freight A/c
At the time of Receipts Creation :-
Confirmation A/c ? DR
Unidentified A/c
Unidentified A/c ? DR
Unapplied A/c
Unapplied A/c ?. DR
Confirmation A/c
At the time of Receipts Remittance
Remittance A/c ? DR
Confirmation A/c
After the Clearance of the receipts
Cash A/c ?. DR
Remittance A/c
If there is anything more please add it
Regards,
Uma
Please find the details....
At the time of Booking the Sales - There are no entries generated
At the time of Pick Release - there are no entries generated
During the Shipment :
Cost of Goods Sold A/c ?? DR
To Material A/c
While running the Interface - no Entries
In AR - Entering the Transactions :-
Receivables A/c ?. DR
To Revenue A/c
To Tax A/c
To Freight A/c
At the time of Receipts Creation :-
Confirmation A/c ? DR
Unidentified A/c
Unidentified A/c ? DR
Unapplied A/c
Unapplied A/c ?. DR
Confirmation A/c
At the time of Receipts Remittance
Remittance A/c ? DR
Confirmation A/c
After the Clearance of the receipts
Cash A/c ?. DR
Remittance A/c
If there is anything more please add it
Regards,
Uma
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