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Former Member

COGM acount

I have one doubt.

I find that from a sample, COGM accounts are defined separately for different products. i.e. For 10 products, 10 separate COGM accounts are maintained. Why it is separately required ? Can't we use one account for all ?

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2 Answers

  • Sep 16, 2010 at 09:58 AM

    Hi Nikitha

    May be the 10 products have 10 different valuation classes, thats why 10 different accounts...

    Material to GL account link is via valuation classes maintained in Accounting/Costing view

    This totally depends on your management how they want to classify stock accounts in their trial balance... You can have one account for all materials or a classfication as per your requirement

    Regards

    Ajay M

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    Former Member
    Sep 22, 2010 at 05:39 AM

    thank you

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