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Former Member

Consignment issue Accounting entries problem

Dear Guru's

I have configured the consignment sales for my client but i am facing one problem pl advice

1. Consignment fill up process (delivery of goods)

Create Billing document Accounting Entry

Consignee A/c Dr

Consignment Sales Contra Cr

but issue in

2. Consignment issue process

Create Billing document Accounting Entry as

Consignee A/c Dr

Sales revenue Cr

WHERE AS IN THIS CASE I NEED IT SHOULD DEBIT THE Consignment Sales Contra

I need this entries in accounting document

Consignment Sales Contra Dr

Sales revenue Cr

Regards

Arun

Edited by: ArunSingh2010 on Jun 20, 2010 11:20 AM

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1 Answer

  • Jun 20, 2010 at 02:24 PM
    Consignee A/c Dr
    Consignment Sales Contra Cr

    I feel you have not configured properly for consignment process. As you would be aware in fill up stage, there would be no accounting implications either while posting the goods issue or creating a proforma on customer due to the fact that you would just be moving the goods from delivering plant to another location.

    This being the case, I dont know why you want the consignee account to be debited ??

    thanks

    G. Lakshmipathi

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    • Former Member

      Not coonsignee account

      in fill up process i have credited the consignee contra account now in consignee issue process

      i want to debited the consignee contra account

      Plz let us know how to achive this functionality

      Regards

      Arun

      Edited by: ArunSingh2010 on Jun 20, 2010 7:09 PM