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Former Member

Vendor Consignment stock consumption w.r.t. to delivery (Without reference)

Hi Experts,

We have scenario where we are taking Vendor Consignment stock and transferring the same Vendor consignment stock to different stores for sale.

We required when there is any sales from store at that time Stock needs to be consumed directly from Vendor Consignment Stock and following accounting entries should work.

1. Stores (DB) - 120

2. Vendor (CR) - 100

3. Revenue (CR) - 20 ( On this amount only business wants to pay VAT not on 120 as for business the revenue is only 20.

Regards

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2 Answers

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    Former Member
    Jan 11 at 08:47 AM

    Process:-

    1. Vendor consignment PO Created

    2. Goods receipts for Vendor Consignment Stock (MT 101 K) Non valuated stock)

    3. Transfer from Plant to Stores (MT 301 K) (Non Valuated Stock)

    4. Delivery Created without any reference (From Stores)

    At this point consumption should directly happen from Vendor Consignment Stock and following account entries should happen

    1. Stores (DB) - 120

    2. Vendor (CR) - 100

    3. Revenue (CR) - 20 ( On this amount only business wants to pay VAT not on 120 as for business the revenue is only 20.

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  • Jan 14 at 11:15 PM

    Please read OSS note 1619355 - It is not possible to transfer vendor consignment stock from one plant to another one

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    • Former Member

      Hello Jurgen Sir,

      There was no issue wrt to one step stock transfer from one plant to another plant without any delivery (MT 301 K) . For that we want to have Consignment Info record for both the plant.

      Regards

      Atul Ranjan