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Dec 14, 2021 at 11:58 AM

Event based Production accounting

110 Views Last edit Dec 15, 2021 at 12:23 AM 2 rev


One quick question around event based posting, understand that seperate Journal entry will be created for WIP (Event based ) or for Variance based on (business events, such as final goods receipt or complete technically). Just trying to understand how the GL posting will appear if multiple accounting entries gets posted based on business events.

For example, I understand that once say good issue or activity confirmation is done, system will calculate and post event based WIP along with Journal entry and then say if GR is also done for full qty, then WIP needs to be reversed for the same order in the same month and variance/settlement entry will be posted.

This will lead to multiple postings and multiple reversals for an order in a particular month at GL level right, especially when we look at production related GLs like WIP, COGM (Change in inventory) etc.

Pls help to clarify on this. Not sure, whether am I missing anything here.


Karthikeyan G