Goods Receipt of Finished Goods against PO not posting to FG Inventory Account

[Former Member]

Hi,

In GST Regime, we had mapped Procurement Process for Sales Returns where Customer is giving Tax Invoice. This is applicable in scenario where goods were sold in Pre GST era and customer is doing Sales Return during GST era.

New PR and PO Types are created and mapping is done. It is working properly in case of standard finished goods.

But in case of Finished Goods (Configurable Material) Goods receipt against PO does not post to Finished Goods Inventory. Valuation is not happening because material with price indicator ‘S’ does not have a Standard Material Cost Estimatece. Hence Total amount goes to FG Price Difference account.

For these configurable materials (make to order scenario) we do have Sales Order BOM Cost Estimate.

We need to fetch Sales Order Cost Estimate while doing GR (101 mvmt) against the Purchase order based on which Finished goods inventory valuation can be done properly for the configurable material.

Requesting you all to guide us to achieve the result.

Regards

Ratna Palit

[Former Member]

Dear Vishal,

Thanks for your reply.

Pl. note that since Customer is giving tax invoice, we need to account it through PO route. We cannot give credit note to vendor in this case as per our indirect taxation team.

Hence pl guide us, how to achieve the result through PO route.

Regards

Ratna Palit

[stone_cold]

Hello,

It can be achieved in following way without using PO reference.

1. Customer to give tax invoice this is mandate
2. Customer to be created as vendor which I think you have created already
3. Material receipt with 501 moment (receipt without po)-MIGO
4. GL code is required to be given by finance in FB60 to issue credit
5. Give credit note to vendor through FB60 (customer as vendor). In FB60 user can bifurcate invoice amount and taxes separately as per customer invoice.

BR,

Vishal