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Showing posts from December, 2019
What are the  order to cash accounting entries   and where are they defined  in fusion for the following scenarios: 1. Processing a Sales Order: When item is available in inventory and shipped to customer 2. Processing a Back to Back Sales Order: When item is not available in inventory and we request our supplier to ship item in our inventory and once they are received and available in inventory they are shipped to customer 3. Processing a Drop Ship Sales Order: When item is not available in inventory and we request our supplier to ship item directly to customer on our behalf. 3) Drop ship  Order Shipment : 1) Deferred COGS Account Dr.              To Inventory Account On Creation of the Revenue Invoice :    ( Entry 1 recognizes the revenue and Entry 2 below reverses the deferred COGS and books the amount to COGS) 1) AR Clearing Account  Dr.        ...