1. Get rid of all advertisements and get unlimited access to documents by upgrading to Premium Membership. Upgrade to Premium Now and also get a Premium Badge!

New Customer Acceptance Feature in Order Management in R12

Discussion in 'General' started by Julian, Aug 13, 2008.

  1. Julian

    Julian Forum Advisor

    Likes Received:
    Trophy Points:

    This is a new feature in which revenue generation and costing of goods sold is deferred until the customer accepts the invoice generated from AR.

    A new field called ‘Deferred COGS A/c’ has been included in the inventory organization parameter form where item is accounted before customer acceptance.

    After acceptance, COGS account and Revenue accounts are hit to the extent of the cost and value of the items accepted by the customer.

    This is an optional feature demonstrated in the screenshots below