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Order to Cash (O2C) Cycle Journal Entries (JE's)

 
Accounts Receivables Journal Entries

O2C JE's

Sale Order

NO JE

 

Pick Release

NO JE

 

Ship Confirm

Deferred COGS (DCOGS)

Debit

 

 

Inventory Material Value

 

Credit

 

Before Invoice Creation

COGS

Debit

 

 

DCOGS

 

Credit

 

AR Invoice

Receivables

Debit

 

 

Revenue/Sales

 

Credit

 

Receipt/Confirmation Cash

Confirmation Cash

Debit

 

 

Receivables

 

Credit

 

Remittance

Remittance

Debit

 

 

Confirmation Cash

 

Credit

 

Cash Clearing

Cash /Bank

Debit

 

 

Remittance

 

Credit

 

Final JE's In GL

COGS

Debit

 

 

Inventory Material Value

 

Credit

 

 

Cash

Debit

 

 

Revenue

 

Credit

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