O2C Cycle with Accounting Entries

 

	ORDER    TO  CASH
PARTICULARS	DR	CR	SPL NOTES	ACCOUNT IS PULLED FROM
Sales order entry
No Accounting
Sales Order Pick
From Sub Inventory A/c		100	At Standard Cost	Sub-inventory Material A/c Setup
To Sub Inventory A/c	100		At Standard Cost(Staging)	Sub-inventory Material A/c Setup
Sales Order Issue
COGS	100		It can be fetched from five places	Master Item/Org/Order Type/Line Type/Shipping Params
To Sub Inventory A/c		100	At Standard Cost	Sub-inventory Material A/c Setup
Transaction level
Receivable A/c	120			Auto Accounting
Tax A/c		10		Auto Accounting
Freight A/c		10		Auto Accounting
Revenue A/c		100		Auto Accounting
Receipts
Receipts with no remittance method
Cash	100		Before application of the receipt	Receipt class
Unapplied A/c		100		Receipt class
Unapplied A/c	100		After application of the receipt to the transaction	Receipt class
Receivables A/c		100		Receipt class
Cash A/c	100			Receipt class
Unidentified A/c		100	In case of receipt without customer or transaction	Receipt class
Unidentifed A/c	100		when customer indentified	Receipt class
Unapplied A/c		100		Receipt class
Receipts with remittance method.
Confirmed receipts A/c	100		At the time receipt entry	Receipt class
Unapplied A/c		100		Receipt class
Remitted receipts A/c	100		On remittance  to bank	Receipt class
Confirmed receipts A/c		100		Receipt class
Cash	100		On clearance of cheque	Receipt class
Remitted receipts A/c		100		Receipt class
Receipts with discount/unearned discounts
Cash	90		At the time earned discounts	Bank
Discount earned A/c	10			Receivable activity
Receivable A/c		100		Transaction Type
Cash	90		At the time of unearned discount	Bank
Discount unearned A/c	10			Receivable activity
Receivables A/c		100		Transaction type