Mrinava Chakraborty

• May 16th, 2018

The cycle is as follows :
1. Sales (getting into a contract)
2. Master data management
3. Credit review
4. Order Management
5. Billing and invoicing
6. Cash Application
7. Collections
8. Deductions

Ganesh

• Feb 6th, 2015

Review of the product ->quotation->order to goods ->create the sales order->delivery the goods -> create the invoice Bill -> order to cash ->

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1. How we are going to close AR Periods?2. Where we are going to use Accounting Rules what are the setups for that?3. Know we are having 100 Transactions in AR. Know we want to close 50 Transactions How?

anuradha.vijayaraghava

 Profile Answers by anuradha.vijayaraghava Questions by anuradha.vijayaraghava

• Mar 12th, 2007

1. Review balances and reconcile the AR transactions, i.e,•*Reconcile receipts •*Reconcile journals •*Reconcile transactions •*Reconcile customer balancesReconcile transactions and...

rajugoouru

• Feb 21st, 2007

1.There is no such period close for AR. AR is submodule of FI. FI period close also applicable to AR.Rajesh

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SARITA

• Sep 5th, 2011

PO Number, Invoice Number, curr, amount, description of the charges, date of invoie, billing address.

vinya

• Aug 16th, 2011

DATE OF PURCHASE an item no

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Sreesna

• Apr 17th, 2017

Account receivable is a business transactions where customer owes money to the business and the main components of AR is credit analysis, invoice, cash application and customer.

aneel

• Oct 27th, 2015

Accounts receivables are current assets to the company which will fulfill current obligations of the company within one year. Company can take short term loan against Account Receivables. Company ...

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What is the difference between finance and accounts?most of the companies having a different section like finance and accounts. why they aren't had only single section neither finance nor accounts?

sindhusegaran

 Profile Answers by sindhusegaran Questions by sindhusegaran

• Jul 29th, 2009

Finance management or allocation of cash to varoius deparments.Accounts is the bookeeping record of each transation involved (they add value to each other).

y_chndr

 Profile Answers by y_chndr Questions by y_chndr

• Aug 19th, 2008

Finance: it is an economic activity. it involes managing the funds, how to raise the funds & its allocation in diffrent departments like production, marketing, hr etcAccounting: it is an art?of keeping the records of all transactions took place in the business acivityBy: Y.P.chadra??

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What is the difference between debenture holders and creditors?

Amit bharat

• Apr 17th, 2007

The debenture holder provides finance to company. The company pay the interest to debenturem holder. Creditors are the group of persons who provides trading goods as?well as raw material?to the company on credit.

saijothi

• Mar 7th, 2007

Debenture holder gets the first preference for the payment when winding up of the company Creditors are those on whom?company is having liablity for the payment towards services rendered

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anilasanthosh

 Profile Answers by anilasanthosh Questions by anilasanthosh

• Apr 2nd, 2009

Derivative instrument is an asset which derives ie, takes its origin from another asset.The simplest form of derivative is a forward contract, "It is an agreement to buy or sell an asset at a&nbs...

gayathriyellai

 Profile Answers by gayathriyellai Questions by gayathriyellai

• Dec 9th, 2008

Derivate is product whose valuse is derived from the value of one or more basic variables, called bases, in a contractual manner.

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Read Best Answer

Editorial / Best Answer

Sweete  

 Profile Answers by Sweete Questions by Sweete

• Member Since Jun-2008 | Jun 20th, 2008

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BRS - Bank Reconciliation Statement

A bank reconciliation statement is a statement prepared by organizations to reconcile the balance of cash at bank in a company's own records with the bank statement on a particular date.

The differences may arise because of the following reasons:
1. Cheques deposited into bank but not yet collected by bank
2. Cheques issued by the organization but not yet presented for payment
3. Cheques directly deposited by customers into the bank
4. Bank charges debited by bank
5. Interest credited or some receipts directly collected by bank based on org. request.
6. Some payments directly made by bank based on the organizations request.

So, the statement shows the reasons as what are the reasons for difference in balance.

Thanks,
Sweete

jani basha

 Profile Answers by jani basha Questions by jani basha

• Dec 3rd, 2008

Bank Reconsilation statement through which comparison of the pass book amounts with cash book amounts or equal the cash book amounts with pass book amount by some adjustments.That adjustments are some...

mmanivannanca

 Profile Answers by mmanivannanca Questions by mmanivannanca

• Jun 20th, 2008

Bank reconciliation is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement, the balance of the accounting ledger should reconcile (match) to the balance of the bank statement

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You raised a deposit type of transaction to a customer, and received a receipt fully also.Later you raised a standard type of invoice, and adjusted deposited partially towards this std. invoice by using commitment Tab. If Customer is asking for refund of remaining amount. How will you refund the balance amount?

Ajit Mishra

• Nov 18th, 2013

Q. No. 1 ) What is different between cost account & bank reconciliation statements ?

Thanks & Regards

Ajit Mishra

kirubakaran G

• Sep 20th, 2011

If AR update process has been not done and apply Payment has been not done for the Customer you can adjust the Amount in AR itself. Else if the AR update process has been not done and apply Payment h...

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Hi,
I want details about Accounts Receivables process cycle(From starting to end) ,Journal entries used in Accounts Receivables,& SAP T-Codes of Accounts Receivables

Rahul Jain

• Sep 20th, 2017

It is basically is O2C cycle that completes with 8 different stages
Sale- Credit- master data- Order management- Billing - Collections- Cash application- deduction

Sourav

• Feb 16th, 2017

Step-1 Sales order (VA01) No accounting entry Step-2 Checking for Stock (MMBE) Step-3 Initial Stock upload (MB1C) Inventory fg a/c Dr Initial stock upload C...

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Rama started one business capital 1,00,000. Established one product at cost 82250, another one product established 18550. He sold both items 120000, debit 12500, rent 13500. What is the general entry?

Pranav Gupta

• Feb 2nd, 2021

At sales: Debtor A/C Dr - To Sales A/c, on BR receiving, BR A/C Dr - To Debtor A/c and finally on Cash receive, Cash/Bank A/C Dr. - To BR A/C

jassim jalaludeen

• Dec 28th, 2015

1. For Capital
Bank/Cash ac Dr 100000
To capital ac Cr 100000.

2. Brought stock
Stock A/c dr. 82250
Stock a/c Dr. 18550
To Cash/Bank 100800.

3. Cash/Bank a/c dr. 120000
To Revenue a/c cr. 120000

4. Cost of good sold a/c Dr. 100800
To stock a/c Cr. 100800.

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What are the KPI of Order to Cash Process?

Rahul Jain

• Sep 20th, 2017

KPI is Key performance indicators.

Regan Rodrigo

• Apr 2nd, 2017

O2C is really a "big" program to enable systematic approach which will help to materialise the right RoI from every phase of starting from Order to Revenue Materialize. (Opportunity Management, Delive...

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What is the AR cycle with accounting entires step by step

PJR

• Jun 20th, 2019

Sales term
Credit term
Data management
Order management
Billing
Cash application
Collections
Deductions

Narasimha

• May 9th, 2019

Accounts receivable cycle:
1 order Management
2 credit Management
3 Billing
4 cash application
5 cash collection
6 disputes
7 Analysis and reports

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What are the goals of Accounts receivable?

Thomas Oduor

• Jul 31st, 2013

Accounts Receivable is that part of sales made on credit. Credit sales facilitate sales because as it gives buyers, especially new businesses or firms with temporary liquidity crunch, time to obtain g...

seenu_palla

 Profile Answers by seenu_palla Questions by seenu_palla

• Jan 11th, 2009

Speedy recovery of cash from the customer to manage the working capital.

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VEERA

• Apr 1st, 2019

First inform to the customer regarding that payment received status. After the adjust all the invoices and provide the updated SOA to the customer . If any disputes pass the receipt entry or adjust the invoices details means check with related team and pass the rectify entry.

mohamed

• Apr 1st, 2018

After Receiving Payment from Customer, What is next step till finalization?

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anilkumar1425

 Profile Answers by anilkumar1425 Questions by anilkumar1425

• May 6th, 2009

Accounts receivable is the last stage of the customer order cycle. It involves: Invoicing the customer, Performing collection activities, Receiving payments against customer invoices.

Dhanasekaran R K

 Profile Answers by Dhanasekaran R K Questions by Dhanasekaran R K

• Dec 10th, 2008

Receivables means those who owes money to the organisation

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Can Credit memo be imported and applied to the transactions via Auto invoice

Navneet Sinha

• Nov 4th, 2016

Yes, Credit memos can be imported and applied to invoices via autoinvoice. We call then as return sales order. Suppose you have an invoice(i.e A) of 100 INR and this invoice has been imported through ...

Rakesh

• Sep 10th, 2015

Credit note is nothing but cancelling the original invoice due to changes are required regards to Amount, Qty. etc.

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One cheque was issued and not cashed before six months from the date of issued due to the request made. now the limit of six month is over.in such case what is the remedy?

PRADEEP KUAMR GIRI

• Jun 6th, 2015

We can take back the old cheque from client and upon client request we can issue new cheque or pay by cash.
Note: Before issuing new cheque or making payment by cash we need to first read the Payment Terms & Condition.

SAI RAMESH

• May 31st, 2015

Place stop cheque and credit customer account and debit bank (GL)

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What is O2C, P2P, R2c. Please Explain Detail Process

Rahul Jain

• Sep 20th, 2017

OTC :- Order to cash
P2P:- Procure to Pay
R2R:- Report to Record

MD Rafique ansari

• Feb 25th, 2017

O2C = Order to Cash
P2P = Promise to Pay/Procure to Lay
R2C = Record to Customers
R2R = Record to Report

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What is the journal entry process from the time of generating an invoice to receiving payment?

Harjeev

• Nov 6th, 2017

Customer to revenue

Navabjanm

• Jul 20th, 2015

Hi, barbett there are two conditions that occur when we raise the invoice to the customer. 1. When we make a sale then we raise the invoice to get the payment that is receivable. 2. When we provide ...

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