Accounting Journal is posted while making a Goods Receipt PO

[Former Member]

Hi All,

Why an Accounting Journal is posted while making a Goods Receipt PO in SAP B1. What is the detail of this Journal (Dr and Cr account).

Thanx.

[Former Member]

Thank you

Got the point

[lorna_real]

Hello Sibasish,

Yes, the following values will change:

- In Stock Quantity

- Unit Cost Price (if using moving average)

- Total Cost of Stock

Regards,

Lorna Real

[Former Member]

Thanks for the reply.

Does this journal effects accounts or effects inventory?

[former_member186095]

The journal will give effect either to inventory value (inventory account balance will change) or inventory quantity (stock quantity will change)

Rgds,

[lorna_real]

Hello Sibasish,

An accounting journal is created when you do a Goods Receipt for a stock item. A stock item is an item defined in the Item Master Data with the Stock Status as ticked.

The journal entry is typically as follows:

Dr. Inventory

Cr. or Dr. Variance Account (when stock is valued at Standard Valuation)

Cr. Allocation Account

The above accounts come from Warehouse, Item Group or Item Level depending on your set up in the Item Master Data -> Stock Tab -> G/L Accounts Determined By field.

I hope this helps.

Regards,

Lorna Real