del accnt

[Former Member]

hi,

In delivery PGI one accounting document is created & in billing one accounting document is created.So what is the difference between them.

Thanks,

Pintoo.

[Former Member · Accepted solution]

In PGI, the accounting document mainly captures the changes in the cost and value of goods that happened because goods moved out of your warehouse. Here both a Material document and also an Accounting documents are generated.

Billing, the accounting doc is maily to capture the revenues/discounts and customer AR.

[former_member737313]

Hi,

The Accounting document created during PGI is the Material inventory account which gets triggered where as during the billing the accounting document related to the Financial revenue receivables account gets accounted for.

Regards,

Ranjith

[former_member550050]

Hi

While PGI the material related accounting doc is created which has the changes in the inventory values

while billing the customer related accounting doc is created that means his customer account is debited and revenue account is credited and the receivables of that customer goes up

Raja

[former_member204513]

Dear Pinto,

At PGI accounting document will related to cost of goods sold and updated current stock value

At invoice accounting document related to the Accout recievable from the customer, A/P Tax amount(excise duty,Cess or VAT or CST) and any other dicounts.

I hope this will help you,

Regards,

Murali.

[Former Member]

There is always Dual methords of account posting in Accounting Rule.

One account is debited and other is credited.

In PGI

the Inventory account is debited and Consumption account is Credited.

In Billing:

The Customer account is debited and the Sales accounts are Credited.

For reco purposes.

regards,

A S

[Former Member]

Hi,

In both the documents there are credit and debit postings.

PGI: Inventory account gets credited and COGS (Cost of goods sold) account gets debited.

Invoice: Revenue account gets credited and Customer account gets debited.

Regards,

Peeyoosh.