Answer / poonam

Accounting Entries for AR

Once the Order is shipped then Material account will be
credit and COGS Account will be debit.
At the time of Invoice creation
Revenue account will be credit and receivable account will
be debit.
At the time of receipt creation.
Receivable account will be credit and Bank payment account
will be debit

Answer / kathir

For Order to Cash Entries.


Step 1: Sales order creation - No entries


Step 2: Pick release : Inventory Stage A/c Dr
To Inventory Finished goods a/c

Step 3: Ship confirm : Cogs A/c Dr
Inventory Organization A/c.


Step 4: In Receviable : Receviable A/c dr
To Revenue A/c
To Tax
To Freight

Step 5: Cash : Cash A/c Dr
Receivable A/c cr

Answer / srinivas k

Materal acounts
Cost of goods sold account
revenue account

Answer / pradeep.h

For Order to Cash Entries.


Step 1: Sales order creation - No entries


Step 2: Pick release : Inventory Stage A/c Dr
To Inventory Finished goods a/c

Step 3: Ship confirm : Cogs A/c Dr
Inventory Organization A/c.


Step 4: In Receviable : Receviable A/c dr
To Revenue A/c
To Tax
To Freight
step 5: When the reciept is not applied to the transaction

Unbilled receivabels a/c dr
to receivables a/c cr

Step 6: Cash : Cash A/c Dr
Receivable A/c cr

Answer / anand

1.Sales Order Creation:- NO ENTRY

2. Release of Finished Inventory:-
Finished Goods A/c Dr
To WIP (work in progress) goods A/c


3. Shipping:-
Cost of Goods Sold A/c Dr
To Finished Goods A/c

4. Invoice:-
Customer A/c Dr
To Sales A/c

5. Payment:-
Bank A/c Dr
To customer A/c

Answer / bhargav athuluri

When you ship the goods

Cost of goods sold A/C Dr
TO Inventory A/C
When you run the auto invoice program

Receivables A/C Dr
To Revenue A/C
When you receive cash

Cash A/C Dr
TO Cash clearing A/C

Answer / anil

1. Order Created - No entries

2. Order Pick Released - Inventory Stage A/c Dr
Inventory A/C Cr

3. Order Ship Confirmed - COG sold A/C Dr
Inventory Stage A/c Cr

3. Transaction Created - Receivable Alc Dr
(Receivables) Revenue A/c,Tax A/C, Freight A/c DR

4. Receipt of Payment - Cash a/c Dr
Receivable A/c Cr

Answer / aruna

When ship the goods
COGS a/c Dr
To Inventory a/c
At the time of Transaction
Receivables a/c Dr
To Revenue a/c
At the time of receipt
Cash clearing a/c
To receivables a/c
At the time of reconciliation
Cash a/c Dr
Cash clearing a/c

what is aim methodology?explain me in detail? what is ur role in it ? in which phases u involved

4 Answers   Cap Gemini, Satyam,

different phases of aim methodology

7 Answers   Oracle, Satyam,

Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed

0 Answers  

What is ment by prorate convention?

5 Answers   Merrill Lynch,

Can anybody tell me, What is the Implementation Process?

5 Answers   IBM, TCS,

What is the Use of Grouping Rule in Receivables ? is it mandatory field ?

0 Answers   Doyensys,

What type of issues You face in SLA

2 Answers  

What are the tables associated with Invoice?

8 Answers   HCL, IBM, TCS,

What is the difference between 11I AND R12?

2 Answers  

What is ment by what-if analysis?

2 Answers  

What is the procedure for requition import?

0 Answers   Oracle,

Payment Methods?

5 Answers