Hi everyone, I would like to know how to handle a situation like this.
A customer purchased stock from us, which will take 1 month to deliver. We have the ownership of the stock until it is delivered to the customer. The double entries I would like to achieve in SAP B1 is:
1. Credit (inventory), Debit (inventory - stock in transit) when the stock is on the way to customer.
2. Credit (inventory - stock in transit), Debit (COGS) once it has been delivered.
How can I achieve this? I am able to get no 1 by using a Delivery Order. However I am not able to proceed with debiting to COGS after that. Please assist. Thank you.