Auto Invoicing Setup Steps

1) In OM System Parameters Window, For item Validation Organisation assign Master Inventory(MI) or Actual Inventory (AI).

2) Create Transaction Type for line and order.
3) Define Document Sequence for the transaction type.
4) Assign Document Sequence and Document Category in Document Assignment window
5) For OM Responsibility assign " QP Item Validation Organisation".
6) Assign you item in advance pricing form.
7) Define Carrier Method.
8) Define Release Sequence Rule.
9) Define Pick Slip Grouping Rule.
10) Define Release Rules.
11) Define Document Set for Pick Release.
12) Define Document Set for Ship Confirmation.
13) Define Ship Confirmation Rules.
14) Shipping Parameters.
15) Define Picker Role.
16) Define Shipper Role.
17) Define grants to shipper and picker
18) Open Periods in Inventory, Purchasing and General Ledger Modules.
19) Create Receivables Transaction Type
20) Create Imported Transaction Source
21) Assign Receivable transaction type and sources to Transaction type create in OM.

Order to Cash (O2C) Cycle

Order to Cash (O2C) Concept is a Process that is followed by an organisation for Selling a Product or Services to the customer and receive payment for it. The following is the flow for Order to Cash(O2C) Cycle. 
          

1) Enter Sales Order.
2) Book Sales Order. 
3) Stock Reservation.
4) Pick Release.
5) Ship Confirmation.
6) Workflow background Process Engine Program.
7) Auto invoice Import Program.
8) Query the transaction in AR and complete the transaction.
9) Create Receipt against imported transaction.
10) Clear the transaction in Cash Management.
11)Transfer to General Ledger.

Accounting Entries for O2C Cycle.At Pick Release:
           Inventory Stage A/c................Dr.
                       To Inventory Finished Goods A/c .................Cr.
At Ship Confirmation:
            COGS A/c ..............................Dr.
                       To Inventory Organisation A/c.........................Cr.
At Transaction in AR:
            Receivable A/c.......................Dr.
                        To Revenue A/c .................................Cr.                                            To Tax A/c....................................Cr.
                        To Freight A/c ....................................Cr.
At Receipt in AR:
             Cash A/c................................Dr.
                        To Receivable.....................................................Cr.

Auto Invoice Setup.

1) In OM System Parameters Window, For item Validation Organisation assign Master Inventory(MI) or Actual Inventory (AI).

2) Create Transaction Type for line and order.
3) Define Document Sequence for the transaction type.
4) Assign Document Sequence and Document Category in Document Assignment window
5) For OM Responsibility assign " QP Item Validation Organisation".
6) Assign you item in advance pricing form.
7) Define Carrier Method.
8) Define Release Sequence Rule.
9) Define Pick Slip Grouping Rule.
10) Define Release Rules.
11) Define Document Set for Pick Release.
12) Define Document Set for Ship Confirmation.
13) Define Ship Confirmation Rules.
14) Shipping Parameters.
15) Define Picker Role.
16) Define Shipper Role.
17) Define grants to shipper and picker
18) Open Periods in Inventory, Purchasing and General Ledger Modules.
19) Create Receivables Transaction Type
20) Create Imported Transaction Source
21) Assign Receivable transaction type and sources to Transaction type create in OM.