Order to Cash Journal Entries

[benny]

Hi,

Please can anyone give me the journal entries that generate during the ORDER TO CASH cycle. Thanks in advance.

Regards,
Ben[?]

[SIVAKUMAR_G]

Hi

The Modules Involved in Order to Cash are

Order Management

There are no accounting entries generated in OM

Inventory

When you ship the Goods

Dr Cost of Goods sold (picked up from the Item)
Cr Inventory (picked up from Subinventory)

Receivables

When you run the Autoinvoice Program and create an Invoice

Dr Receivables
Cr Revenue

When you Receive Cash

Dr Cash/ Bank Account
Cr Cash Clearing Account

When you deposit the cheque and when the cheque is cleared

Dr Cash Clearing Account
Cr Receivables A/c

These entries are for a simple flow.

There will be other entries when you return the goods and Transfer goods from one Inventory Org to Other etc.,

Hope this helps

Regards
Sivakumar

[benny]

Thank you Sivakumar, Your reply is of great help to me. Can u please post the other entries also as you have mentioned there could be various other scenarios. So if u could give me the journals of other scenarios of which ur aware it would of greater help to me. Thanks a ton once again.

Regards,
Ben[?]