offsetting posting

[Former Member]

hi

Issue is we are moving material form mvt type 501 ,for that we need to define gl account in gbb zob pls tell me which gl account should I define in zob .

with regards

hardik

[former_member182609 · Accepted solution]

you can use 1515010 for ZOB .Check with your FI person.

[Former Member · Accepted solution]

hi

what is the description of this account

with regards

hardik

[former_member182609 · Accepted solution]

description :Stock Gains/Losses - Physical

[kunal_ingale · Accepted solution]

hi

please discuss this with your Fi guy he will give u clear idea about account

we can maintain Stock gain and loss account or other revenue account

better to discuss with your Fi guy

[Former Member]

hi

issue is closed ans is gain/loss against reval

[BijayKumarBarik]

Hi,

For GR with 501 movement type, the account keys updated will be BSX (Debited) and GBB - ZOB (Credited) & the accounting entries will be Stock A/C - (Debited) & Consumption A/C u2013 (Credited) . And you can give G/L name as Consumption A/C or just have advice from Finance team.

Regards,

Biju K