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Former Member

GR against account assigneg PO

I have a material with valuation class 3000, and stock account BSX, when i reipt the material against the PO which has no account assignment, the stock account and the value is upataed in system. i.e in stock over view the quantity is updated.

Now when the same material is purchased against an accoutn assignment as cost centre in PO, afater receiving the material the stock is not updated, insted the respective cost centre is debited and vendor credited.

I need to know for account assigned PO will the stock be updated in system at the time of GR or Not.

Suggestion will be worth Appreatationg..

Regards

Sarfraz

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    author's profile photo Former Member
    Former Member
    Posted on Nov 22, 2007 at 08:02 AM

    hi,

    If a purachase order is raised against an account assignment as cost centre:

    means, Directly the goods against that purchase order , goes for consumption at that cost centre.

    so stock will not be updated.and as you said respective cost centre is debited and vendor credited, is right.

    Stock will not be updated.

    hope this may help you.

    Regards,

    Srinivas

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 22, 2007 at 07:59 AM

    Hi

    when u are procuring with account assigned PO i.e cost center,IO,or project stock will not be updated as it is consumed immediatly to that account assignment directly

    it is kind of indirect purchasing or consumable type of puchasing

    Vishal...

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 22, 2007 at 07:59 AM

    hi,

    Stock will be updated only thing it will hit consumption account.Becoz i know we have issued the materials in project stock with ACC as P.

    Thanks

    suresh

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 22, 2007 at 08:01 AM

    Hi

    For account assigned PO the stock will not get updated.

    If you have noticed the accounting documents for a PO which has no account assignment

    The accounts trigerred are

    Debit - Inventory a/c

    Credit GR/IR account

    For account assigned PO

    Debit - Consumption a/c

    Credit - GR/IR account

    in the second case you are directly consuming the material, so no stock will get updated.

    Thansk & Regards

    Kishore

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