third party
TRANSCRIPT
AS IS
Business Transaction FI entry
Dr Bank
Cr Advance ( of customer )
1. Goods receiptDr Inventory 1. Goods receipt Dr
Cr AP – Vendors Cr
Dr COGs
Cr Inventory
Dr AR – Customers
Cr Sales
Dr Advance
Cr AR - Customers
Dr Advance ( of vendor)
Cr Bank
6. Refund entryDr AP - Vendors
Cr Advance ( of vendors)
0. Payment advance of customer Chua giao hang cho khach
hang ( Hay xay ra cho DKSH)
2. Goods issue
3. Update Account Receivable
4. Clearing advance
5. Record payment advance of vendor
TO -BE
Procurement with payment advance
( Commonly used for RAW and PACKAGING)
Business Transaction FI entry
Dr
Cr
GR intransit1. Goods receipt
Dr
AP – Vendors Cr
2. Invoice ReceiptDr
Cr
Dr
Cr
Dr
Cr
Dr
Cr
6. Refund entry Dr
Cr
0. Payment advance of customer
3. Update Account Receivable
4. Clearing advance
5. Record payment advance of vendor
TO -BE
Procurement with payment advance Procurement with payment advance
( Commonly used for RAW and PACKAGING) ( Commonly used for RAW and PACKAGING)
FI entry Business Transaction FI entry
Bank Dr
Advance ( of customer ) Cr
COGs1. Goods receipt
Dr
Goods Receipt/ IR Cr
Goods Receipt/ IR2. Invoice Receipt
Dr
AP – Vendors Cr
AR – Customers Dr
Sales Cr
Advance Dr
AR - Customers Cr
Advance ( of vendor) Dr
Bank Cr
AP - Vendors Dr
Advance ( of vendors) Cr
6. Refund entry Dr
Cr
0. Payment advance of customer
2. Goods issue
3. Update Account Receivable
This transaction was located here if vendor required a payment in advance to deliver goods
4. Clearing advance
5. Record payment advance of vendor
Procurement with payment advance
( Commonly used for RAW and PACKAGING)
FI entry
Bank
Advance ( of customer )
Inventory
Goods Receipt/ IR
Goods Receipt/ IR
AP – Vendors
COGsManually
Inventory
AR – Customers
Sales
Advance
AR - Customers
Advance ( of vendor)
Bank
AP - Vendors
Advance ( of vendors)
This transaction was located here if vendor required a payment in advance to deliver goods