on 07-11-2007 1:07 PM
Hi,
I want to procure Asset items. For that do i need to maintain asset master & material master both. Than create Purchase order with AAC as A. Will the PO be framework order or standard PO?Can anyone pls let me know the steps
Also for non stock items do i have to do GR. In that case the goods are coming to stock as i have to give storage location during migo. What is the procedure?
Hi,
The material type depends upon your requirement. You may use Raw material / Production Resource & Tools.
Regards,
Prashant Kolhatkar
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For asset procurement the material master for the material will have what material type?
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Hi,
For procuring Assets, you will have to maintain Asset master & material master both in your system. You place a PO for the material (which you define as your asset & want to capitalize) & maintain AAC as A- Asset. Then at the item level, you assign the asset code to the masterial. After you post the GRN, the debit entries are posted to the asset.
You have to post the GR for non stock items as well as stock items. The non stock item will be consumed dirctly to the acount assignment you have mentioned. For stock item, the inventory posting will be done. For stock item, the storage location will flow from the PO (if mentioned) otherwise you will have to post it yourself at MIGO in tab 'Where' at Storage Location'.
Regards,
Prashant Kolhatkar
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Hi
- Your process is right. use NB doc type.
- Reg procurement of nonstock item, as there is no storage of the received goods, no point of storage location. The receipt is booked as consumption. Due to this reason, you will have to assign appropriate AAC and AA object in PO.
warm regards
sairam akundi
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