move type in consignment

[Former Member]

please explain about the movement types used in consignment procurement cycle.

[former_member218067 · Accepted solution]

Hi,

GR -101 K

Transfer from Consignment to OWN- 411K

BR

Diwakar

[former_member335885]

HI,

Consignment Process

Vendor provides materials & stores them on your company premises. The vendor remains the legal owner of the material until you withdraw material from consignment stores. The steps:

a. ME11, Consignment Inforecord

b. Create Contract, ME31 ( item category K) (optional)

c. ME01 (enter Contract Number) - Source List (optional)

d. Create PR( item category K) - ME51N (optional)

e. Create PO ( item category K) - ME21N

f. GR - MIGO - 101 Mvt type

g. GI - From consignment stock to own stock - MB1B 411 K Mvt type

h. Consignment Settlement - MRKO

The Accounting Generated After GR/GI/Settlement are:

1.Goods Receipt

 No Accounting Movement

2.Goods Issue

 Consumption A/C: DR

 Consignment (Liability Account ) Payable: CR

3.Consignment Settlement

 Consignment (Liability Account ) Payable: DR

 Vendor Account A/C: CR

Thanks & Regards,

Kiran

[former_member627351]

Hi

The following movement typesare used for consignment

for GR we use 101 K

transfer posting ofgoods from consignment stock vendor to ownstock is through 411 K

Goods Issue is done through MIGO with mvt type 221 K

Hope this helps you out

Award if found useful

Regards

Pavan

[Former Member]

Hi

use tocde MIGO / MB1B -

Movement Type 411 K to transfer consignment stock to own un-restricted stock.

thanks

Prasanna