Accounting Entries during Consignment Fill Up PGI

[Former Member]

Dear Gurus,

We have a Requirement where we need to configure Consignment Sales, but here we need to configure the consingment in such a way that during the Consignment Fill Up we have to do the Delivery and PGI and also the Billing, we are able to do the PGI but there are no Accounting Entries getting generated during PGI would request you to please suggest how do we configure this.

Thanks in Advance.

Amit Singh

[former_member673316]

FI postings in fill-up stage!! then it is not called a consignment process.

This phase wil have delivery only.

In Issue process since goods are sold to the end customer. Then only billing takes place.   

Item category = KEN                 Billing relevance [A]                 Pricing [X]

[reazuddin_md]

Hi,

As name implies, Consignment fill up- though the stock is at Customer site , but the property still lies with the Business. All consignment stock value has to show in company books. As i know, there wont be any accounts during PGI in Consignment fill up.

NOte: Tx:OMWB- simulate  & check

Regards,

Reazuddin MD

[Lakshmipathi]

First of all, this is NOT possible.  Can you explain in what circumstances, you would need the FI postings in fill-up stage itself ?

G. Lakshmipathi

[Former Member]

Hi Lakshmipathi,

Actually the scenario is Company sells the product to the customer at 10 Rupees and after that the customer may sell it for 20 Rupees or any price he wants.... so now in that extra 10 Rupees the company has a revenue share of 40%, we need to charge the customer for that extra money he has made from our product.

Now as we need to track the quantity in scenario that how much the customer has sold to its end customer we were thinking of mapping it in Consignment process

For example.

Company sold material A,100 qty@ 10 Rs and then the cutomer sold that Material A 50 Quantity @ 20 Rs now the company will charge the customer 40% on that extra 10 Rupees what the customer has made, with the help of this there will also be a track of Quantity that how much is balance in which the company has a revenue share.

Is it posssible to Map this in  consignment  Process.

Thanks

Amit Singh

[rahul_vishwakarma2]

Hi Amit,       Please check the Customization in VKOA.  Regards, Rahul