update qty and value for a/c assignment categories purchase

[Former Member]

HI Experts,

How to update qty and value for a/c assignment categories purchase say Asset or Cost center.

ie my req is when i create po wth a/c assignemnt say A - asset, i need to get the qty and value update in migo???

how to do this??pls suggest

[Former Member · Accepted solution]

Dear,

In that case create a material as an asset...Do the normal GRN..it will update value and quantity...

After that do the goods issue against asset with MVT241.

That time accounting entries will be:

Inventory account credit

Asset account debit

Hope this helps.

Utsav

[Former Member · Accepted solution]

i think it may work out.. but client doesn't want to create another material code mean?? what will be option, pls revert

[Former Member · Accepted solution]

Dear UJ,

You have to convince your client stating that if at all they want accounting entries at the time of GRN, then they have to create MAterial code for that..

You should be strong enough to convince your client.

Tell them there is no other way apart from it.

Regards

Utsav

[Former Member]

Hi

Whenever u perform GR for account assignment your Inventory accounts will not be hit.depending on the account assignment categories it will either be expensed out ( in case of K) or it will be debited against the asset account (in case of A).The right way to handle such scenarios is well explained by Mr Utsav. In such cases following accounting entries will happen

During GR- Stock account Dr

GR/IR clearing Cr

During GI(241) -Asset account Dr

Stock account Cr

So if u do the netting it is nothing But the entries which would have passed had u made GR against account assigned PO

Regards

Sandeep

[Former Member]

go to OMS2 txn and there u check the qty and value box for ur material type(asset material)..

[Former Member]

Hi,

The setting is done via the material type configuration in OMS2 transaction. It has nothing to do with your account assignment category setting.

Cheers,

HT

[Former Member]

HI Tran,

If u procure a rawmaterial under A/c assignemnt say Asset (A).. in that case ur gr will not update the qty, even oms2 is having qty and value update.. since u r procuruing for the asset.. when u chek ome9 , in detail screen under "consumption posting" as A- Asset. so it will not update the qty... pls suggest if i 'm wrong