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 invoiceOpen 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 |
.