resolved

GR

IR

Sales

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