cancel
Showing results for 
Search instead for 
Did you mean: 

Stock Transfers - Accounting Entry

Former Member
0 Kudos

HI Gurus,.

There is a requirement, there are stock transfers from manufacturing plant to distribution plants (DEPOTS) and then sale is happening from there.

Can you kindly send the relevant accounting entry postings at various levels?

Also any docs on this will be very highly useful.

Please help me in this regard.

Regards,

Anbu

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

When you transfer stock from one plant to another the Inventory account of transferor plant will be credited while inventory account of receiver plant will be credited.There may an entry of price differnece also if inventory valuation at two plants differ.

Depending upon yr settings this price differnce will be reloaded on inventory of receiving plant.

General accounting entries are :

Goods In transit A/C---Dr

Plant Inventory(sender)--Cr

and on receipt:

Plant Inventory A/C--Dr

Goods In transit A/C--Cr.

However in case of SAP entries would be as follows:

Plant InventoryA/C(Receiver)---Dr

Plant Inventory A/C(Sender)----Cr

Hope it calrifies

Regards

Sanjay

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi,

In STOCK TRANSFERS there are two scenarios

1 is Stock transfer between the Plants within the company code

2 is a stock transfer between the Plants between two company codes

In the first scenario Only Material document will be created and no acconting document

In the Second Scenario there will be two accounting documents one at the time of GOODS MOVEMENT and the other at the time of INVOICEING

hope it is clear,

regards,

santosh

Former Member
0 Kudos

Dear All,

Kindly go through and help me in this regard.

Stock Transfer from manufacturing plant to Depot.

The process will be

1. ME21n - Create Stock Transport Order (STO)

2. VL10B - Create Outbound Delivery

3. VL02n - pick, packing, PGI

4. VF01 - Create Stock transfer Invoice (STI)

5. J1IIN - Create Excise Invoice

Accounting entry at this stage should be different from factory sale as there is no revenue from internal customer(distribution plant/depots). It should hit the following account

Excise (ST) set-off a/c Dr

Excise Payable a/c Cr

Once the material is received at the distribution plant (non-excisable / Depot(excisable).

6. MIGO - Post Goods receipt at Distribution plant/Depots

Excise Accounting Entries must be:

Excise Receivable a/c Dr.

Excise (ST) offset a/c Cr.

Please give your valuable inputs to run this scenario successfully.

Regards,

Anbu

Former Member
0 Kudos

Hello Anbu,

What about Accountong entries at VL02n - pick, packing, PGI

CIN entries are OK . BUt what about other Accounitng entries.

Regards

Swati