process flow

[Former Member]

hi to all,

can you tell me that when whole sales cycle is completed

which account is debited and which account is credited.

in terms of financials, inventory.... and if any other posibilities are there.

Thanks and Regards.

[Former Member · Accepted solution]

hi

1. Sales Order Created

-No Entry-

2. PGI done (Goods issue)

Cost of Goods Sold Dr (Configured in OBYC GBB T-Key)

To Inventory Account

3. Billing document released to Accounting

Customer Account Dr.

To Sales Revenue Account (ERL T-key in Pricing procedure)

Note : The GL account is assigned to this ERL in VKOA

4. Payment Received

Bank Clearing A/c Dr

Customer A/c Cr.

Reward if Useful

Thanx & Regards..

Naren...

[Former Member]

Thanks

[Former Member]

Sales cycle is completed wean Billing is done and posted to FI in terms of sales but cycle well complete wean customer settles his accounts in case of finacials

Customer account is Debited

Revenue account is Credited

SALES CYCLE

IN-->QT>OR>DL-->PICKING->PACKING->PGI--->BILLING

[Former Member]

Hi Mithun,

After doing post goods issue

Inventory account --- Credit

Cost of goods sold--- Debit

After doing invoice

Customer (Reconcilliation accountfrom Cust master) --- Debit

Revenue account --- Credit

You can view the same in the document flow of sales order as well

Reward points if it helps.

Regards

Karan