E-commerce
COD Courier Settlement — Cash Received from Aramex / DHL
Recording the weekly batch payout from the courier company for all COD orders collected.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 1,425.00 | - |
| Courier Delivery Fee Expense | Expense (+) | 75.00 | - |
| Receivable: Courier (COD) | Asset (-) | - | 1,500.00 |
💡 Accountant's Note
The courier deducts their delivery fees before remitting. The receivable is cleared, cash is deposited, and the delivery cost is recognized. Never record only the net as revenue — it was already recognized at delivery.
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