Account Postings in Third Party Purchase Orders

[Former Member]

Hi All

Please explain the Accounting Docs generation in Third Party

Purchase Orders in the following scenerios.

1. Purchase Order created against Sales Order and goods to be delivered to Customer.

2. Goods to be To be delivered to another vendor

3. Goods to be delivered to the another address(diferent from plant address).

Thanks ,

Tausif

[Former Member]

Hi,

For 1. Previous answer is correct.

For 2. Goods to be To be delivered to another vendor

So vendor become customer, so the postings as in Case .1

(I think you the diff.between vendor & customer).

For 3. Goods to be delivered to the another address(diferent from plant address).

Whatever the address, the FI documents generated are same, The bill/Invoice from the Company send to the Billing address as mentioned by customer.

I think you get clear idea.

Regards

[Former Member]

Hi,

Following are the accounting entries -

1) PO created against Sale Order & Goods to be delivered to Customer (after posting GRN) -

Debit Cost of Goods Sold -

Credit GR/IR clearing account

Regards,

Prashant