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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.
                  To Revenue Account

2) COGS Account Dr.
               To Deferred COGS

On  Creation of AR Invoice (From the Consolidation Billing Tool)

1) Receivables Account Dr.
                   To AR Clearing Account


All Accounting Entries Generated in Costing.
Event
Debit Account
Credit Account
Sales order issues itemDeferred Cost of Goods SoldInventory
Customer is billedReceivablesDeferred Revenue
Revenue is recognized (A/R)Deferred RevenueRevenue
Costing recognizes COGSCost of Goods SoldDeferred Costs of Goods Sold
Reversal Events
Revenue recognition reversedRevenueDeferred Revenue
COGS recognition reversedDeferred Costs of Goods SoldCost of Goods Sold
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