order 2 cash

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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madhusudhan.palla
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order 2 cash

Post by madhusudhan.palla »

Hi Friends,

In the ORDER 2 CASH cycle, where will be created first journal entry? what is the entry?

Please give me reply.

Thanks,

Madhusudhan.
admin
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Post by admin »

madhusudhan.palla
Posts: 46
Joined: Tue Aug 11, 2009 2:51 am
Location: India

Post by madhusudhan.palla »

I am not asking for P2P cycle. i want ORDER 2 CASH...




Thanks,

Madhusudhan.
tgs100
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Post by tgs100 »

It depends on the item you sell. In the case of inventory items, first accounting entry will be in shipment of goods. As soon as shipment is done, the accounting entry will be
COGS - Dr
To Inventory

In the case of Service items, there will not be any shipment, hence AR invoice will be the first transaction to create the accounting entries.

Cheers,
Saravanan
madhusudhan.palla
Posts: 46
Joined: Tue Aug 11, 2009 2:51 am
Location: India

Post by madhusudhan.palla »

Thanks sooo munch. Saravanan Sir..
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