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Oracle Order Management :Order to Cash Accounting Entries

Order to Cash Accounting Entries:
Pick Release: 

Receiving Inventory                  Dr
Item Expense/Material ac                       Cr

Ship Confirmation: 

COGS                                         Dr
It will pick from Inv Information
Receiving Inv (Sub-Inv)                          Cr
While Creating Transaction:
Receivable                                  Dr
Revenue                                                    Cr
Freight                                                       Cr
Tax                                                            Cr

While Recording Receipt:
WHEN STATE IS CONFIRMED 
Confirmed Cash                            Dr
Receivables                                                 Cr
When Remitted: 
WHEN STATE IS REMITTED
Remitted  Cash                              Dr
Confirmed  Cash                                         Cr
When Reconciled: 
WHEN STATE IS CLEARED
 Cash                                             Dr
Remitted Cash                                             Cr



This post first appeared on EBiz Integration Technics, please read the originial post: here

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Oracle Order Management :Order to Cash Accounting Entries

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