Cash on delivery online sales reporting refers to the process of collecting payment from customers after a product or service is delivered. The term can apply to a variety of business models, from retail stores that offer COD shipping on certain products to food delivery services. When a company uses this method of payment, it may record the sale in its accounting records as an accrual-based transaction.
The advantage of this approach for a buyer is that they don’t have to make a full payment before receiving the product or service. For a seller, it reduces credit risk by eliminating the need for a pre-payment. Whether this type of payment is appropriate for your business depends on your industry, customer base, and account receivable management capabilities.
A COD arrangement is common among retailers that sell goods directly to consumers, such as food outlets that allow shoppers to pay for pizza or other foods upon delivery, clothing stores that allow shoppers to try on items before purchasing them, and tailoring and dry cleaning services. Some e-commerce retailers use this method to eliminate the need for credit card information and improve their cash flow by shortening their accounts receivable cycle.
You can view your Cash on delivery sales data by navigating to Reporting > Finances. The Sales finance report displays values specific to the orders that your store makes, including the total amount of revenue that you have collected from sales. The Sales finance report also includes a link to the Payments finance report, which displays payments made by your customers. Отчитане на онлайн продажби с наложен платеж