Can any one explain consigment scenario. Step by step by procedure would be help.
For Consignment Process, you need to maintain the Consignment Info Record in ME11. Here maintain the Prices and Tax Code mandatory (Before this activate Consignment Info Record in OMEV )
Also in SPRO > Enterprise Structure > Assignment > Materials Management > Assign standard purchasing organization to plant
Then create Consignment PO in ME21N with Item Category as "K", here No Price will be maintained
Do Goods receipt w.r.t. PO in MIGO to Vendor consignment stock (At this time No FI Entry will get generated)
Do Transfer posting of vendor consigned stock to own stock using 411 K in MB1B. At this time system will pick up the Price from Consignment Info Record and post the Accounting Document. Here following FI Entry will appear;
(BSX) Stock A/c - Dr (KON) Consignment Liabilities - Cr
Now do Consignment Settlement in MRKO. Here you can not change the Invoice Value. Here following FI Entry will appear;
Vendor A/c - Cr Consignment Liabilities - Dr
Prerequisite for MRKO: -
- Maintain condition record for output type KONS in MRM1
Then take printout of the Settlement Document in MR91.