on 07-16-2007 10:58 AM
Hi all,
What happens when PGI is done, what docs are generated and updated.
Thanking you
chan
Effect of Post Goods issue:
1. Accounting Document generated
2. Stock level decreses
3. Inventory valuation changes
4. Delivery Document added to Billing Due list.
& so on ....
Regards,
Rajesh Banka
Reward suitable points.
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When you post goods issue for an outbound delivery, the following functions are carried out on the basis of the goods issue document:
Warehouse stock of the material is reduced by the delivery quantity
Value changes are posted to the balance sheet account in inventory accounting
Requirements are reduced by the delivery quantity
The serial number status is updated
Goods issue posting is automatically recorded in the document flow
Stock determination is executed for the vendor's consignment stock
A worklist for the proof of delivery is generated
A worklist for the proof of delivery is generated
After goods issue is posted for an outbound delivery, the scope for changing the delivery document becomes very limited. This prevents there being any discrepancies between the goods issue document and the outbound delivery
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Hi Chan Hari,
When PGI is done during Delivery process the series of action that happends are:
a. There will be reduction in Inventory of that material with the Qty used in the delivery.
b. A material document will be created representing the Movement type used. Also a Accounting document is created if you have configured the system so. You can view this material document using T-code MB03.
c.The accounting entries that generally take place after PGI are
- The COGS ( cost of goods sold) will get debited and
- The Inventory will get credited.
After PGI in Stock-tranfer the material moves in stock-in-transit status.
Hope the above helps you.
REWARD if it helps you!!
Regards,
Ajinkya
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Hi Hari,
When we do a Post goods issue all our previous documents like Delivery will get updated. A PGI once done will reduce our stock also this can be done when the goods reach the ship to party or also in transit. When we do a PGI the following entries take place
Cost of Goods Sold A/C Dr ( Nominal A/C)( Rule for Nominal A/C is Debit all expenses and losses)
To Inventory A/C Cr (Real A/C)( Rule for Real A/C is Credit what goes out).
Only when the Post goods Issue is done can the billing Document be created when we do a PGI there is an handshake or integration with FICO Module.
Reward with points if this helps
Regards
Atul Keshav
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dear hari,
COGS ( cost of goods sold) will get debited and inventory will get credited.
rewards if it is helpful
siva
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After PGI PGI goods will leave our plant and a/c doc will generate
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hi
the stock of the material will be reduced from the delivery qty,
the value changes are posted to the balance sheet account in inventory accounting
pgi is automatically updated in the document flow
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Hi
When PGI is done
1. There will be reduction in inventory of that material by the delivered quantities.
2. A material document will be created representing the movement of the material for this inventory.
3.The Cost of Goods Sold(COGS) will be increased by the number of delivered quantities.
Reward if this helps.
null
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