Hi all, I have separate my Subcon quesitons into a few thread. Forgive me.
I learn that in subcontracting, we have a BOM first for FG, which has Raw material components: RW01+RW02. We GI the RW01 and RW02 to Subcontractor. Once they are done, we will GR the FG from them. And we will then do a adjustment in MIGO, subsequent will perform Invoice Verificaiton based on the invoiced sent by Subcontractor.
Question 01:
Can anyone explain the accounting posting for the above scenarios? What to credit and what to debit?
Question 02:
In the unique case where we send a Handphone which has minor scratch on surface to the subcontractor for painting for us. And the Paint is provided by the Subcontractor itself. How do I configure the BOM for this Subcontracting PO as I am sending the Scratched Handphone out and will expect to GR a painted Handphone. and what is the Process Flow for this since I do not need to GI, it will contradict with the standard flow for Subcontracting!
Question 03:
In the above case, upon invoice verification, if vendor invoices service cost as $S and painting cost as $P. Following the standard flow, will these 2 Service Cost and Painting Cost added to my Handphone Cost?
If I do not want these 2 costs to be added to my material cost but want them to be posted to different G/L account, how do I do that in OBYC?
I realise that there is no way we can tell the Service Cost and Painting Cost at the point of PO creation. Thus, all of these have to be captured at the point of Invoice. Please advise. Really confused.