Scenario Overview
Follow a complete order-to-cash cycle from sales order through payment receipt, tracking GL entries at each step.
Sample Transaction
Customer: ABC Company
Order: 100 units @ $50.00 = $5,000
Terms: Net 30
Tax: 8% = $400
Coming Soon
This appendix is under development. Full content will include step-by-step transaction walkthroughs with screenshots.
Sales Order
Create the sales order. No GL impact until fulfillment/billing (unless using memo accounts).
Item Fulfillment
Record shipment. For inventory items: debit COGS, credit Inventory.
Invoice & Payment
Generate invoice: debit AR, credit Revenue + Tax Payable. Apply payment: debit Cash, credit AR.
Complete GL Impact
Summary of all GL entries from the order lifecycle showing the complete accounting flow.