Logistics
COD Collection (Last Mile Delivery)
Recording the cash collected from a customer at the door on behalf of an E-commerce vendor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Hand (Courier) | Asset (+) | 100.00 | - |
| Due to Merchant (COD Funds) | Liability (+) | - | 100.00 |
💡 Accountant's Note
For companies like Aramex, the cash collected isn't theirs. It's a liability until they transfer it back to the merchant (less their delivery fee).
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