PGI

[former_member326595]

HI

What entries / effects take place when I do PGI

Regards

Guest

[Former Member · Accepted solution]

When goods issues are posted for sales:-

Movement type used for posting – 601

Accounting entry posted:-

Cost of goods sold Debit

Inventory of Finished goods Credit

For cost of goods sold transaction key GBB is updated with general modification key VAX (T.Code: OBYC to maintain G/L account)

Regards,

Rajesh Banka

Reward points if helpful

[Former Member]

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.

regds

Jude

[Former Member]

The follwoing changes takes place.

1. Decrease in the stocks in the Plant level.

2. Accounting document created.

3. Delivery due lists gets updated/changed.

4. Billing due lists gets updated.

5. Consumption planning is updated.

6. Purchase order gets triggered in case of automatic stock replinishing .

regards,

Amlan Sarkar

[Former Member]

Hi,

At the time of PGI inventory of material credited to customer and debited from the stock.

Regards,

Suhas

[Former Member]

Hi,

A post goods issue when done indicates that stock has moved out of your warehouse and the same is also an interface with FI in SAP.

A post goods issue can be done as per the various business scenarios..

a)Goods move out of your warehouse and are loaded in the truck you can do the PGI

b) When goods are in transit..you can do the PGI

c) When goods reach the customers place you can do the PGI

These scenarios vary as per different business scenarios

1)When you do a post goods issue the stock always gets reduced in your books of accounts and there is an interface between SD and FI in SAP.

2) Also the subsequent document gets updated when you do a post goods issue the picking status shows picked completely hence the document prior to the post goods issue also gets updated.

3) Also when a post goods issue is done the Cost of Goods Sold A/C gets Debited which is a nominal A/C and the Inventory A/C gets credited since its a real A/C

4) Hence the entry would be Cost of Goods Sold A/C Dr

To Inventory A/C Cr

5) The rule for nominal A/C is debit all expenses and losses and credit all incomes and gains since Cost of Goods Sold is an expense for the company hence this AC gets debited

6) The rule for Real A/C is debit what comes in and credit what goes out since the inventory flows out the same gets credited

Do let me know if this helps

Reward Points if the same is useful to you...

Regards

Atul Keshav

[ranjeetrajendra_jain]

When you do PGI

the stock is updated, so are receivable credited and customer debited.

[Former Member]

hi,

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

regards

sadhu kishore