accounting entries

[Former Member]

Hi

Which all accounts are debited and credited while issuing raw materials (261 mvt) for a an order and doing 101 for finished product?

regards

B Shar

[Former Member · Accepted solution]

1. When Raw material is issued to the Production order.

Movement type used for posting the above transaction is 261 – Goods issue to order

The accounting entry generated in the system is:-

Raw material consumption Debit

Inventory of Raw Material Credit

The transaction Key GBB needs to be updated. GBB key is used for various offsetting posting entries. Within GBB transaction there are various account grouping (general modification). In this case you need to update general modification VBR with the Raw Material consumption account.

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2. When goods receipt is made for finished goods against a production order

Movement type used for posting – 101(GR agst prod order)

The accounting entry generated is as follows:-

Finished goods Debit

Change in Finished goods Credit

In transaction key BSX for the valuation class finished goods we attach the Finished goods GL code.

For change in Finished goods we update transaction key GBB and general modification key AUF.

Regards,

Rajesh Banka

Reward points if helpful.

[Former Member]

For Movement Type 261 - RAw MAterial Issued to a Production Order

The Raw material Conumption - Debit

Inventory of RAw material - Credit

For Movement Type 261 - Goods Recipt against a Purchase Order

Inventory of RAw material - Debit

GR-IR - Credit.

Hope this answers your question.

regds

Jude