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Former Member

Offsetting entry for stock posting (GBB)

Hi

I want to know the practical application( where this comes) of posting entry for 'Offsetting entry for stock posting (GBB)' It will be appreciable if explained with example

regards

B Shar

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jun 17, 2008 at 10:25 AM

    Hi,

    When you procure goods and GR is done, Stock account is debited (BSX) and the corresponding credit entry goes to GRIR clg a/c (WRX). There is no dialema.

    But when you issue material from stock, the stock a/c is crdited. At this time there is no GRIR a/c is relevant to put the entry that offset this credit entry (i.e. a debit entry). The relevant a/c for the ' credit offseting entry' (Debit entry) here depends on the purpose for which the stock is withdrawn.For eg, Goods issue to cost centre etc . These different purposes are captures in different AG code (VBO, VBR etc etc) as mentioned in the first reply.

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  • Posted on Jun 17, 2008 at 10:02 AM

    Following are the possible scenarios;

    o Offsetting entry for stock posting (GBB)

    Offsetting entries for stock postings are used in Inventory

    Management. They are dependent on the account grouping to which each

    movement type is assigned. The following account groupings are

    defined in the standard system:

    - AUA: for order settlement

    - AUF: for goods receipts for orders (without account

    assignment)

    and for order settlement if AUA is not maintained

    - AUI: Subsequent adjustment of actual price from cost center

    directly

    to material (with account assignment)

    - BSA: for initial entry of stock balances

    - INV: for expenditure/income from inventory differences

    - VAX: for goods issues for sales orders without

    account assignment object (the account is not a cost

    element)

    - VAY: for goods issues for sales orders with

    account assignment object (account is a cost element)

    - VBO: for consumption from stock of material provided to

    vendor

    - VBR: for internal goods issues (for example, for cost

    center)

    - VKA: for sales order account assignment

    (for example, for individual purchase order)

    - VKP: for project account assignment (for example, for

    individual PO)

    - VNG: for scrapping/destruction

    - VQP: for sample withdrawals without account assignment

    - VQY: for sample withdrawals with account assignment

    - ZOB: for goods receipts without purchase orders (mvt type

    501)

    - ZOF: for goods receipts without production orders

    (mvt types 521 and 531)

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 17, 2008 at 10:05 AM

    Hi,

    If you are issuing the material to cost center, Stock account is credited and consumption account will be debited. (i.e account entered in GBB VBR). The quantity of the material will be reduced.

    If you are scrapping the material, again the quantity of the material will be reduced. But this is not the consumption. Its a loss to company. So it should not hit consumption account but it should hit loss/gain account. (i.e GBB VNG).

    Similarly there are different account modifiers used for different transactions against which we can maintain different offsetting accounts.

    Nikhil.

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