Here, See, this is the procurement cycle. Procurement cycle, see, requirement to determination means what is the material that is required by see, account payable deals with what Procurement of materials and, maintenance of vendors, making payments to vendors, and of course, it’s a [...]
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Cash discount, when we are going to give discount to the customer, what is the accounting entry? So here, when sale is made, customer account return to sales. Now when payment is received, bank account return 97,000, discount account return 3 and to customer, we give 100%. This is the [...]
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So the sales invoice looks like basic price, discount,, Add sales tax, then there is the sale price, then add transportation charges, this is the kind this will be done through the sales and distribution module. Your taxes etc will be calculated. But here, the tax, what we are going to [...]
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So we have customer account, we have outstanding balance of the customer and customer address, everything is available here. Hence, right, just generating the letter and sending, so it’s not a difficult job. A simple process. In case of, say, bills of exchange, we have seen bit heavy, [...]
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Here, company is DRLB, sale made to customer. And, when we make the sale, we’ll be receiving the payment, say, 90 days or 30 days, whatever it may be. And what we do as soon as we receive it, we discount the bill of exchange with the banker, and the banker gives me, out of […]
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Right. So, the scenario is advance received from customers. The normal entry, whenever we make any sale, customer account is debited and sundry debtors account also debited. So, customer account returned to sales. So already we have seen that we have established the link between customer [...]
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So, we have, done 5 steps. Number 1 is find, define account groups with screen layout customer. And there, we have created the customer account groups. So just I’ll recap fast. Define account groups for the customer’s this is. Account groups is nothing but for the purpose of say for [...]
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So, master record. So, we have created tolerance groups, document number ranges, and, account groups we have created, 2GL accounts we have created. Then now we are going to create the customer master record. Financial accounting, Accounts receivable. And, see we have created FS002 GL accounts [...]
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First of all, these are the topics which we are going to see. Then let us go through the business process. The general business process in a manufacturing company, it doesn’t mean it’s the same process everywhere, but 90% of the cases. Say, for example, we are going with the Doc Reddy [...]
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So we’ve configured the vendor master record, credit the vendor master posted invoices, credit memos and cleared open items. So maybe we can do the payment. What I can do is, I can show you the config for the automatic payment program. And I’ll tell you it is the most important config in [...]
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