Hi Rutuja,
What do you want in Raw material consumption? Report or else?
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- If Report then you can follow below path:
Go to General Ledger WoC --> Reports --> G/L Accounts - Line Items --> find G/L Account: Raw Material Consumption or other G/L Account --> Go.
- If you want Raw Material Consumption Details regarding Production than have a look below:
Goods issue to Production:
Debit - Work in Process G/L Account
Credit - Raw Materials G/L Account
Goods issue from Production:
Debit - Finished Goods G/L Account
Credit - Work in Process G/L Account
Work in Process refers to the Material that has entered in the Production Process but is not yet a Finished Product.
Work in Process refers to all materials and Partly Finished products that are at various stages of the Production Process.
For Accounting, Work in Process is considered as a Current Asset on the Balance Sheet. Work in Process is generally valued higher than Raw Materials, but significantly lower than Finished Products.
WIP Clearing Run - WIP Clearing Run is a periodic task that is usually performed at regularly scheduled times or during period closing to correct and clear the Work in Process G/L Account. It selects all Production Lots that have the corresponding status and reduces the associated Work in Process Inventory to zero.
Considering all changes to Work in Process during the period, WIP Clearing ensures that the value of the Work in Process is correctly reported at the End of the period.
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Let me know if it works and mark the question as answered if your requirement is met or comment back for any further queries.
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Regards,
Anant Patel,
SME, SAP ByDesign
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