Material Accounts

[Former Member]

Hi All,

Please can you tell me the accounting entries in SAP with related to movement of goods like

Acc entry for Goods Movement from stock to consumption then from first process to second process then to FG and later Goods issue during sale

Thanks

Keshav

[former_member188826 · Accepted solution]

<b>Goods arrive: </b>

Raw material Inventory A/c Dr. XXX

.......To GR/IR A/c ..........................XXX

<b>

Goods issued for consumption</b>

Cost of goods manufactured A/c Dr.XXX

.........To Raw material Inventory A/c ..............XXX

<b>Finished goods arrive from Production order</b>

Finished Goods Inventory A/c. Dr. XXX

.......To Factory Ouptput of production orders A/c (type P&La/c)...XXX.

<b>Finished goods issued to fulfil delivery of a sales order</b>Cost of goods sold A/c Dr XXX

.......To Finished Goods Inventory A/c...XXX

[Former Member · Accepted solution]

Dear sridhar,

Thanks for the reply still I wanted to know the entries,

After consumption it moves to second process where in WIP is generated and moves to third process and later after all the process FG is generated.

Please tell me the entries

Regards

Keshav

[former_member188826 · Accepted solution]

At period end When WIP is generated and when settlement is run.

WIP a/c (Balance sheet a/c) Dr. XXX

WIP Reserve (P&L) a/c XXX

After complete delivery of the production order this entry gets reversed. Subsequent months this entry gets reversed and and the new value of WIP, calculated is entered.

[Former Member · Accepted solution]

Check this

http://sap-img.com/financial/inventory-accounting-entries.htm

Assign points if helpful

[Former Member · Accepted solution]

Hi,

Sridhar is corect when you have one production order for all the processes and all the process ae controlled through opertaions in routing

if for every process you have separate prodcution order then you have to the GR ( movment type 101 ) for every production order and issue the good to new prodution order ( mov type 261) and in case of HALB ( semi finished goods)

system passes the semifinished output goos account CR

Semi finished goods stock acount DR

and when issue the same goos to next prodcution order then system will pass the reverse way...

Hope it is clear

Cheers

PK