post goods issue.

[Former Member]

Hi,

I want to know that which accounting effects take place at the time of Post Goods Issue ?

Which are the accounts ideally sould be hit?

And what are the accounts used in this regard (account keys, transaction keys or group of accounts)?

Regards,

Prashant.

[jpfriends079 · Accepted solution]

Hello Prashant,

Generally, when goods issues are posted for sales, i.e., PGI -Post goods issue happens then:-

- Movement type used for posting – 601

- Warehouse stock of the material is reduced by the delivery quantity

- Accounting entry posted or Accounting document created.under that:- Cost of goods Sold: Debit and Inventory of Finished goods: Credit. (So, Value changes are posted to the balance sheet account in inventory accounting)

- Requirements are reduced by the delivery quantity.

- The serial number status is updated.

- Delivery due lists gets updated/changed.

- Billing Due list gets updated.

- Document flow gets updated.

- For cost of goods sold transaction key GBB is updated with general modification key VAX (T.Code: OBYC to maintain G/L account)

- A worklist for the proof of delivery is generated

- Consumption planning is updated.

Take care.

JP

[Former Member]

Hello,

What you are asking about is a very important integration between "FI-MM". Go through the following explanation:

Materials in SAP have a material master. Material Master is the heart of all integration. In the accounting view of Material master amongst other values we have a Valuation Class field. This Valuation class is the vital link which ensures that Accounting documents are posted automatically. Every material will have a valuation class field. Examples of Valuation Class could be Finished Goods,Semi Finished goods, Raw Material etc. (basically it is a numerical entry like 7920 for FERT , etc).

All Material movements in MM happen with respect to a Movement Type.

For eg Goods receipt is defined with movement type 101

Goods issue to production order is defined with movement type 261

Scrapping of goods is defined with movement type 551

Goods delivered to the customer with movement type 601

Initial upload of stock is defined with movement type 561

The combination of this Valuation Class+ the Movement Type helps in determining the Gl accounts at the time of material movement. SAP helps us to have different gl accounts for the various movements for the same material by linking this movement type to a transaction key.

Material Master->Valuation Class-􀃆Movement Type-Transaction key.

When the Post goods issue is done the system generates a material document & for the material document an FI document.

When goods issues are posted for sales:-

Movement type used for posting u2013 601

Accounting entry posted:-

Cost of goods sold Debit

Inventory of Finished goods Credit

For cost of goods sold transaction key GBB is updated with general modification key VAX

For inventory of finished goods transaction key BSX is updated & G/L account is entered for the valuation class.

The configuration is done through the following menu path = The configuration to be done for this entry is as follows:-

IMG - Materials Management - Valuation and Account Assignment - Account Determination - Account Determination Without Wizard - Configure Automatic Postings (OMWB)

Or

Use transaction code OBYC.

The customer will specify the particular account number while making assignment.

Thanks & regards,

Allabaqsh G. Patil.

[jignesh_mehta3]

Dear Prashant,

The FI entry at the time of POst Goods Issue would be:

FG Prodn / Puechase A/c Debit

To Cost of Goods Sold A/c Credit...

Hope this helps...

Thanks,

Jignesh Mehta

[Former Member]

dear prashant

once the PGI happens the inventory a/c will get credited,cogs will get debited.

regards

reddy

[Former Member]

Material consumption accounts