Business process - Sales Order
During the sales order process, LN creates the
integration transactions and financial postings described in the following
example.
Example transaction
| Example | Sales order
data |
|---|
| Item | standard purchased item |
| MAUC valuation | 2 items @ $135 = $ 270 |
| Sales order | 2 items @ $200 = $ 400 |
| Sales order discount | 5 % |
| Item issue
surcharge | 2 items @ 20% = $ 54 |
| Warehouse issue
surcharge | 2 items @ $5 = $ 10 |
| Tax | 10% |
| Assumption | transaction types with Negative Amounts Allowed = No |
The Sales Order transactions
Step 1. Approve the sales order lineNote: The Sales Order/Allocation transaction is only created if the Create Financial Economics Stock Transaction parameter is Order Price in the Sales Parameters (tdsls0100s000) session.
| IDT 10002002 Sales Order/Allocation |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Sales Commitments | $ 400.00 | Commitments 7 |
| Credit | Goods to be Delivered | $ 400.00 | Commitments
8 |
.
Step 2. Confirm the shipmentNote: The Sales Order/Allocation transaction is only created if the Create Financial Economics Stock Transaction parameter is Order Price in the Sales Parameters (tdsls0100s000) session.
| IDT 10002002 Sales Order/Allocation |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Goods to be Delivered | $ 400.00 | Commitments
8 |
| Credit | Sales Commitments | $ 400.00 | Commitments 7 |
.
| IDT 10002052 Sales Order/Issue |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Interim Costs - Sales Order | $334.00 | Interim Costs 1 |
| Credit | Interim Transit - General | $334.00 | Interim Transit
1 |
.
| IDT 10060052 Warehouse Issue/Issue |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Interim Transit - General | $334.00 | Interim Transit
1 |
| Credit | Finished Goods | $334.00 | Inventory 1 |
.
| IDT 10060057 Warehouse Issue/Item Surcharge Issue |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Finished Goods | $54.00 | Inventory 1 |
| Credit | Covered Surcharges | $54.00 | End Account 713 |
.
| IDT 10060120 Warehouse Issue/Warehouse Surcharge Issue |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Finished Goods | $10.00 | Inventory 1 |
| Credit | Covered Surcharges | $10.00 | End Account 717 |
.
Step 3. Post the sales invoice| Open Entry (no integration transaction) |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Accounts Receivable | $418.00 | not applicable |
| Credit | Tax Payable | $38.00 | not applicable |
| Credit | Interim Sales Revenue | $380.00 | not applicable |
.
| IDT
10002125 Sales Order/Cost of Goods Sold |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Cost of Goods Sold | $334.00 | End Account 163 |
| Credit | Interim Costs - Sales Order | $334.00 | Interim Costs 1 |
.
| IDT 10002082 Sales Order/Revenues Analysis |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Interim Revenue - Sales Order | $400.00 | Interim Revenue
5 |
| Credit | Sales Revenue | $400.00 | End Account 178 |
.
| IDT 10002062 Sales Order/Order Discount |
|---|
| Debit/ Credit | Ledger account | Amount | Reconciliation group |
|---|
| Debit | Order Discounts | $20.00 | End Account 165 |
| Credit | Sales Revenue | $20.00 | End Account 178 |
.