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Former Member
Feb 16, 2007 at 04:58 AM

Subcontacting IR Posting Issue


Hi Friends,

i am facing one issue related to IR for subcontracting A/C. the problem is as below

There is Price difference (IR is Less then PO) and system is passing following entries.

Vendor A/c is Cr with (Invoice Gross Price )-54,86,670

GR/IR Account is Dr.(With PO Price )-50,65,200

COGS A/c is Cr (with the difference)-1,88,160

Stock A/c is cr.-90,608

Labour charges A/c is Dr-90608

VAT input is Dr-6,0,9630

my question is why COGS A/c is Cr (with the difference)-1,88,160 as per subcontracting IR COGS A/c should hit exactly with the value of Stock A/c and the rest amount should go to the price difference gain or loss account.

we have already configured PRD key and assigned Gain and Loss Account there in OBYC.

Can any one reply why system is behaving like this


Ashish Vats