Order to Cash application
The Order-to-Cash process begins with the arrival and recording of an order for a specified product from an approved customer. The order can ONLY be accepted if a sufficient inventory exists of the product. After the order is accepted, it is fulfilled at some point of time when an invoice has to be generated. Generation of the invoice also creates a Accounts Receivable entry and sets the order status to delivered. Subsequently a payment is received, the invoice is marked paid, the AR entry is marked paid and credit entry is made in the cash ledger.
