madhava

• May 21st, 2015

 

AR Process: Get the PO from the customer->Create sales order with customer no, material no, quantity, rate, delivery term, payment terms etc..,

Entries are..
To create sales invoice (tr.code F-22)
customer a/c Dr
To sales a/c
for Incoming payment (F-28)
Bank a/c Dr
To Customer a/c

Sourav

• Feb 16th, 2017

 

Step-1 Sales order (VA01)
No accounting entry
Step-2 Checking for Stock (MMBE)
Step-3 Initial Stock upload (MB1C)
Inventory fg a/c Dr
Initial stock upload Cr
Step-4 Outbound Delivery (VL01N)
No accounting entry
Step-5 Post goods issue
Cost of goods sold Dr
Inventory Fg Cr
Step-6 Billing of material (VF01)
Step-7 Customer invoice post (Fb70/F-22)
Customer a/c Dr
Sales Cr
Step-8 Payment received (F-28)
Cash/Bank Dr
Customer Cr

Rahul Jain

• Sep 20th, 2017

 

It is basically is O2C cycle that completes with 8 different stages
Sale- Credit- master data- Order management- Billing - Collections- Cash application- deduction