COD Statement

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Accounting for COD

When a package is shipped Cash On Delivery (COD), the carrier will ask the recipient for payment of the value of the package. The carrier will then forward checks from multiple recipients together to the sender with a statement detailing the amount received from each shipment and the fee the carrier charges for the service. The recipient may also refuse to pay for the package. In that case, the carrier returns it to the sender undelivered.

The ledger entries for COD shipments and receipts is described in the ledger transactions reference section.

To configuring accounting for COD statements, a payment method type of “Paid via COD” be configured to the Uninvoiced COD Receipts account and invoice item types “COD Receipt” and “COD Fee” be configured to the Uninvoiced COD Receipts and COD Fees accounts, respectively. An example of this is found in hot-deploy/financials/data/DemoBillCOD.xml

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