Oracle Order to Cash Cycle Flow (India Localization) with Accounting Entries

Oracle Order to Cash (O2C) Cycle Flow (India Localization)
Step	Activity	Navigation	Responsibility
1	Book Sale Order with all details	India Localization > Sales Orders > Order/Returns	India Local Order Management
2	Attach Tax to the SO	India Localization > Sales Orders > Order/Returns	India Local Order Management
3	Release Sale Order	Oracle Order Management > Shipping > Transactions	India Local Order Management
4	Ship Sale Order (On Availability of Parts)	Oracle Order Management > Shipping > Transactions	India Local Order Management
5	Check Completion of Report "Interface Trip Stop"  (For decreasing the stock quantity from inventory)	View (Alt + V) > Requests > Find	India Local Order Management
6	Check Completion of Report "Workflow Background process"	View (Alt + V) > Requests > Find	India Local Order Management
7	Check Sales Order Status (Line status to be Closed Status)	India Localization > Sales Orders > Order/Returns	India Local Order Management
8	Trigger "Autoinvoice master Program (For Importing the Transaction from Order management to Receivables)	View (Alt + V) > Requests > Submit New Request	India Local Order Management
9	Trigger “India - Excise Invoice Generation” (To insert Excise Taxes to Receivables)	View (Alt + V) > Requests > Submit New Request	India Local Order Management
10	Trigger “India - VAT Invoice Generation / Accounting” (To insert VAT to Receivables)	View (Alt + V) > Requests > Submit New Request	India Local Order Management

Oracle Order to Cash – Accounting Entries
S no	Activity	Debit	Credit
1	Invoice (Excise & VAT)	Receivable	Revenue (Material)
			Excise Paid / Payable
			CESS Paid / Payable
			SH.CESS Paid / Payable
			VAT Interim Liability
2	Excise Invoice	Excise Paid / Payable
		CESS Paid / Payable
		SH.CESS Paid / Payable
			RG23A P-II (or) RG23C P-II (or) PLA A/c
3	VAT Invoice	VAT Interim Liability
			VAT Liability
4	Receipt	Cash / Clearing	Receivable