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author's profile photo Former Member
Former Member

urgent-wip calculation

Dear all,

can anyone tell how the wip calculation work?

Please solve my below querry.

at the time of WIP calculation of CO production order through kkax, wip is calculated but accounting entry is not being posted. when i make settlement it is posting to wip account.

Is it necesssary to do settlement for passing accounting entry after WIP calculation or at the time of wip calculation, entry should pass? Pl. clear me.

when this wip entry is knock off? it is after new GR made in next period or at the time of settlement? Pl. suggest?

Hi gurus,

If possible give me accounting entry flow for wip calculation and for final settlement.



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    author's profile photo Former Member
    Former Member
    Posted on Jan 29, 2008 at 06:01 PM

    First you calculate the WIP in KKAO - Calculate. Then you book the WIP when you settle the orders in KO88 - Individual Processing.

    The wip will clear out if completed when you run the next WIP and settlement.

    A typical entry would debit/credit WIP Inv change ( in FI and a P&L acct) and debit/credit WIP inventory (in FI and a BS acct)

    pls assign points to say thanks.

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