consignment

[Former Member]

plese give the account entrys for consignement

when we do the good issue from consignement

when we do the trasnfer of stock from consignment to own

[former_member192897 · Accepted solution]

> plese give the account entrys for consignement

> when we do the good issue from consignement

> when we do the trasnfer of stock from consignment to own

When you Do Goods Receipts for Consignment Purchase Order No FI Document will be Generated.

When you Trasfer Stock from Consignment stock to Own Stock the Following Entries will be made :

Stock Debit

Consignment Liabilities Credit

When you do Settlement thru MRKO the Following Entries will be made (Here infor Record ia Mandatroy Coz Price & Tax Code will be picked from PIR only):

Vendor Account Credit

Consignment Liabilities Debit

[former_member335885]

In consignment processing, the vendor provides materials and stores them on your premises. The vendor remains the legal owner of the material until you withdraw materials from the consignment stores. Only then does the vendor require payment. The invoice is due at set periods of time, for example, monthly

1. Creating Purchase Orders / Outline Agreements for Consignment Materials, Enter the item category K for the consignment item

2. Posting Goods Receipts for Consignment Material is with referencing to PO or w/o PO reference. A goods receipt to consignment stock is possible for three stock types: Unrestricted-use stock

Quality inspection stock

Blocked stock

3. Transferring Consignment Material Into Own Stock, MB1B Movement type 411 with special stock indicator K

4. Settling Consignment Liabilities - MRKO

The accounts triggered are

After GI to own stock

Consumption account +

Liabilites from consignment -

After Settlement

Liabilites from consignment +

Vendor account -

Tax account +

Thanks & Regards,

Kiran

[pankaj_singh9]

Hi,

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 or MIGO. 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 Account - Dr
(KON) Consignment Liabilities - Cr

If Stock is directly consumed from Consignment Stock via 201 K or 261 K via transaction MB1A or MIGO then following FI Entry will appear;

(GBB-VBR) Consumption Account - 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 Account - 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.