finished goods transaction

[Former Member]

Hi All,

1) May I know what kind of transaction that will create document type WA goods issue, WE goods receipt, WL goods issue/delivery, WI inventory document.

finished goods is balance sheet account and the rest are p&l.

2) if it is a consumption, debit finished goods credit consumption, what transaction is this?

3) if it is a transaction, credit finished goods debit goods issue, what transaction is this?

4) if it is a transaction, debit finished goods credit goods receipt, what transaction is this?

thanks

[Former Member · Accepted solution]

Hi,

1) WL : Goods/issu delivery ie it is considaring at the time of outbound delivery(VL02N) ie movement type is 601.

A/C ENTRY : Cogs a/c dr

Invenroty a/c cr.

2) WA :Goods issue :Whenever the goods returned from customers to unrestricted stock ie using MB1B with movement type 453.

A/C Entry : invenroty a/c Dr,

Cogs a/c cr.

2) WA document type based on business transaction for example.Consumption related using movement type 261 thorugh MIGO. using 321 movement type ie quality inspection using qa11.

3) WI ; Inventory document : Movement type 702 through tcode MI07 at this time your inventory will be credite and loss on invv difference will be debited.

Regards

Maruthi.

[Former Member · Accepted solution]

hi,

point given but i still a bit confused of your reply as not according to my question.

can have reply according to my question?

also, may i know goods issue, receipt, consumption are all cogs?

thanks

[Former Member · Accepted solution]

Hi,

Thanks for you replay, Below are the points.

1) Related to your fiest question, Transaction happend through MIGO with movement type 261.Incase it is reversal ie move type 262.

2) Please tell me your second point i didn't under stand.Good issue done through MB1B transaction with movement type 453.At this time your cogs cr and inve debit. Incase it is not the case please revert.

3) Kindly tell me the 3rd point clearely. As per your poing inv debti and GR Credit Means, it is happening through MIGO through movement type 101 ie regular good reciept.

Above all points are based on document type specified in PO.

As per your last point, Cogs would be a part using movement type 601 and 453. For consumption related cogs it won't come.Becuase inventory consumed so accounting entry shouldbe consumption a/c debit and inventory cr.

I hope you understand clearely, Incase any issue please revert back to me.

Regards

Maruthi.

Edited by: kumar yaparthi on Sep 14, 2008 2:48 PM