Business process - Sales Order

During the sales order process, LN creates the integration transactions and financial postings described in the following example.

Example transaction
ExampleSales order data
Itemstandard purchased item
MAUC valuation2 items @ $135 = $ 270
Sales order2 items @ $200 = $ 400
Sales order discount5 %
Item issue surcharge2 items @ 20% = $ 54
Warehouse issue surcharge2 items @ $5 = $ 10
Tax10%
Assumptiontransaction types with Negative Amounts Allowed = No

 

The Sales Order transactions
Step 1. Approve the sales order line

Note: 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/ CreditLedger accountAmountReconciliation group
DebitSales Commitments$ 400.00Commitments 7
CreditGoods to be Delivered$ 400.00Commitments 8

 

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Step 2. Confirm the shipment

Note: 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/ CreditLedger accountAmountReconciliation group
DebitGoods to be Delivered$ 400.00Commitments 8
CreditSales Commitments$ 400.00Commitments 7

 

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IDT 10002052 Sales Order/Issue
Debit/ CreditLedger accountAmountReconciliation group
DebitInterim Costs - Sales Order$334.00Interim Costs 1
CreditInterim Transit - General$334.00Interim Transit 1

 

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IDT 10060052 Warehouse Issue/Issue
Debit/ CreditLedger accountAmountReconciliation group
DebitInterim Transit - General$334.00Interim Transit 1
CreditFinished Goods$334.00Inventory 1

 

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IDT 10060057 Warehouse Issue/Item Surcharge Issue
Debit/ CreditLedger accountAmountReconciliation group
DebitFinished Goods$54.00Inventory 1
CreditCovered Surcharges$54.00End Account 713

 

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IDT 10060120 Warehouse Issue/Warehouse Surcharge Issue
Debit/ CreditLedger accountAmountReconciliation group
DebitFinished Goods$10.00Inventory 1
CreditCovered Surcharges$10.00End Account 717

 

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Step 3. Post the sales invoice
Open Entry (no integration transaction)
Debit/ CreditLedger accountAmountReconciliation group
DebitAccounts Receivable$418.00not applicable
CreditTax Payable$38.00not applicable
CreditInterim Sales Revenue$380.00not applicable

 

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IDT 10002125 Sales Order/Cost of Goods Sold
Debit/ CreditLedger accountAmountReconciliation group
DebitCost of Goods Sold$334.00End Account 163
CreditInterim Costs - Sales Order$334.00Interim Costs 1

 

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IDT 10002082 Sales Order/Revenues Analysis
Debit/ CreditLedger accountAmountReconciliation group
DebitInterim Revenue - Sales Order$400.00Interim Revenue 5
CreditSales Revenue$400.00End Account 178

 

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IDT 10002062 Sales Order/Order Discount
Debit/ CreditLedger accountAmountReconciliation group
DebitOrder Discounts$20.00End Account 165
CreditSales Revenue$20.00End Account 178

 

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