Subcontracting accounting entries in case purchse accout mgt. activated

[former_member219170]

Hi Friends,

We have activated Purchase accout management. In this case is there any changes in accounting entries in case of SUb Contra`cting process ?

I found it difficult to map in this case ? Does any one worked in this ?

Regards,

Sai Krihshna

[Former Member]

Hi Saikrishna,

Whenever you are activating purchase a/c mgmt your accounts will be hitted like this :

Inventory A/c + db

- cr Purchase Account

GR/IR Aclraeing -cr

+db Purchase offset account

This is normal entry,

But in case of subcontracting :"

Inventory a/c +db BSX

GR/R Clr -cr WRX

Change in Stk A/c -cr BRV

Subcontracting chrgs +db FRL

RM A/c -Cr BSX

RM a/c consumed +db GBB

Same entries are passing on.

Pls in doubt revert

Thanks and regards

Gitesh

Edited by: gitesh mahamuni on Sep 8, 2009 7:43 AM

[former_member219170]

Hi,

After discussing with business & FI team we could able to map GL codes accordingly.

Regards