Sitemap

Amicuk Programming Answers

COGS Posting at the time of Invoicing

-0001-11-30   Views:0

Advertisement

Hello Experts, We have a requirement wherein the COGS Posting should happen at the time of Invoicing. Our requirement is as below. At the time of Post Goods Issue Stock in Transit A/c Dr      Finished Goods A/c   Cr At the time of Invoicing we are ex

Hello Experts,
We have a requirement wherein the COGS Posting should happen at the time of Invoicing.
Our requirement is as below.
At the time of Post Goods Issue
Stock in Transit A/c Dr
     Finished Goods A/c   Cr
At the time of Invoicing we are expecting the below 2 entries
COGS A/c                   Dr
      Stock in Transit A/c     Cr
Customer A/c               Dr
          Revenues
We would like to know how to achieve the 2 the above mentioned 2 entries at the time of Invoicing.
Best Regards
Balaji Kancherla

The replay answer
Advertisement
Hi Balaji,
I can give you below direction...
1. Go to OBYC and enter GL Account Goods in Transit for key GBB VAX. So whenever you post PGI, system will post GL Account Goods in Transit.
2. You will have to add two condition typs into your pricing procedure..
ZGDS:Goods in transit (GL Account - Goods in transit)
COGS:Cost of Goods Sold. (GL Accounts COGS)
Importantly, you will have to attach Calculation Routine which will bring the amount posted to Goods in transit at the time of PGI.
Regards,
Chintan Joshi

Go to See the other 4 answers

COGS Posting at the time of Invoicing

Category:DefaultRelease time:-0001-11-30Views:130

Hello Experts, We have a requirement wherein the COGS Posting should happen at the time of Invoicing. Our requirement is as below. At the time of Post Goods Issue Stock in Transit A/c Dr      Finished Goods A/c   Cr At the time of Invoicing we are ex[More]

COGS in Accounting document of the Invoice

Category:DefaultRelease time:-0001-11-30Views:130

Hi All, Our client requirement is that they want to capture the Cost from Material Master u2013 Standard cost (Condition Type in pricing procedure: VPRS) in the accounting document that is generated automatically when the Billing document is created.[More]

Delivery & Invoice: Material Document Posting

Category:DefaultRelease time:2015-10-11Views:130

Hi MM Gurus Our customer doesn't like Sales Order DO posting Cost of goods sold associated with Post goods issue material document. Reason , It could be couple of month before invoice is due & hence COGS entry will sit in P/L without accompaning entr[More]

Others expenses to COPA

Category:DefaultRelease time:-0001-11-30Views:130

I am little confused how to proceed for the following: Our client want to have profitablity report product wise/ region wise, etc.  I know that the revenue part and COGS will come from the SD invoice.  But I am confused about some other expenses whic[More]

Third party cycle

Category:DefaultRelease time:-0001-11-30Views:130

Dear All, As per my knowledge , third party cycle is defined as inspite of providing goods directly to customer , organization do it by introducing a third party called vendor who directly supplies to customer and produces invoice of same to organiza[More]

Query for details of  Sale order , Invoice and COGS

Category:DefaultRelease time:2015-10-11Views:130

I Need the report cointing following based on month & Business partner Sale order, Sale Amount, Due date, Invoice Amount, Last Invoice date, COGS amountHi Anantha, Please check below link and modify according to your requirement. Sales Order Query fo[More]

Recognition of COS/COGS Account if the process is A/P Reserve Invoice

Category:DefaultRelease time:2015-10-11Views:130

hi there, i am trying to post an A/R Reserve Invoice of non-inventoriable item because it's Advance payment to Supplier scenario. would you know on what transaction can i create to recognize the COS/COGS Account of it? i believe if my process is : 1.[More]

COGS BU not refresh base on BU in AR Invoice row

Category:DefaultRelease time:-0001-11-30Views:130

Hi!      When i choose one item and filled in BU in Ar invoice by row at the same time COGS BU also refresh and get value Of BU. After, i would like to change BU again but COGS BU not catch the value of BU like the first time. and then i create a que[More]

COGS for occasional Sales orders (Delivery / AR Invoice)

Category:DefaultRelease time:-0001-11-30Views:130

Currently the account determination for ALL items is set by Item group / Item.  There is a requirement for less than 1% of all item Sales Orders / AR Invoices to be processed with a different COGS account to the automatic determination. (this circums[More]

Third Party Order Delivery Costs(COGS in Purchasing)

Category:DefaultRelease time:2015-10-11Views:130

Hello MM/SD Gurus, We have a Scenario where in its a 3rd Party Order direct shipment Process where the Shipping is done by a Logistics Vendor! So->PR>PO>Inbound Del->GR->IR>Goods Issue-->Customer Invoice. Now the Issue we have is Deli[More]

Third party sale scenario: COGS not allowed as automatically posted.

Category:DefaultRelease time:2015-10-11Views:130

Dear Gurus, I have come across this error during execution of third party sale scenario. When the user enters a PO with reference to PR which is in reference to SO, one error pops up which says COGS cannot be automatically posted only. When I deselec[More]

Hot
<Edited by Host> When I set either my Home folder in the Dock or the Root Folder on the Desktop to open in Column View, everything opened is retracted upon closing. Is this just the way Leopard is, or am I missing something obvious I should know: Fi [More]
The console module will not execute- it states that the CTIniFU.dll file is missing please reinstall. I have? and so has the dell computer rep done this 4 times and it still will not work. I can not get this to operate. This is a brand new machine wi [More]
Hi experts I have a problem with the processing of materials on consignment at the time of the assignment sends message: Unable to determine location. when the force generated OT be displayed on the field LT03 Stock Special (SOBKZ) is in white, and a [More]
I am trying to learn Labview using the LEGO mindstorms NXT robot. I installed Labview 2009 and started working, but when I open the NXT terminal in the NXT module it claims that the NXT is not connected although it is (via USB). Any ideas ? Could thi [More]
Is anyone using MCX settings to successfully backup a number of 10.6 clients to a 10.6 server via Time Machine? Are there any guidelines for numbers of clients, amounts of data, etc. b.Pondini wrote: Then why are you bothering to use Time Machine at [More]
Recently i posted few questions on the subcontracting cycle and answers. A list of transaction codes are given and useful answers. I have to try them out. In the mean while i would liike to get some menu paths to go the J  transactions. In J1ILN I ca [More]
We encounter a very interesting Toplink feature or bugs after we upgrade to 9.0.4.5 The general pattern is that when we have SQL generated that involves joining more than 1 tables, after toplink run for a while, the join SQL statement get bigger and [More]
Hi Experts, Scenario JMS -- XI -- IDOC I have tested the interface and found it works fine.  As disabled EDI_DC40 segment in mapping and checked Apply Control record Values from Payload  in the Receiver IDOC communication Channel. Since I have develo [More]
1.what is using of ranking order screen 2.How u can upload the customer master record plz; send me the correct answer my mail id regards sreenivasRanking order is used in, Insurance Relationship contained in Patient's account management module, (more [More]
Hi, I'm trying to send a sudio file from server to client. Before starting to send the file I take the system time at the server and send it to client. For this I use the following code. At Client: DataInputStream inFromServer2 = new DataInputStream( [More]