*Hi SAP gurus,*
*Here my client requirement is*
*In order to comply with Accounting policies regarding SWAP stock, while still meeting the local Regulatory tax requirements, there is a need to revisit the receiving/Receipting of SWAP stock.*
*Swap stock in this context would mean the follwoing:*
*1. Extra units of stock received (above the PO quantity) from the Supply at ZERO charge to meet any un-foreseen loss of stock.*
*2. Trade and non trade Material item replacement at ZERO costs.*
**Goods Received Processing for SWAP items.
1. GRN is processed normally, selecting a special GRN type maintained as a SWAP GRN type.
2.Purchase order is picked-shipped and delivered in MM normally.
3. Sales order is fulfilled through Goods issue in MM normally.
4. GRN is occured under as GRIR as follows.
Zero value to stock A/c (Trade Inventory) Dr.
To GRIR at Zero value Cr.
5. The taxes and clearing charges incurred in the importation of said stock are recognized as the only costs of the inventory
a. Import duty value to stock account (Trade inventory)
b. Clearing charges to stock account (Trade inventory)
c. To GRIR at import duty and clearing charges value
Impact to Business
To Recongnize all the SWAP stock at ZERO value.
To Recognize a payable in respect to import duty and clearing charges.
Proposed solution
1. Create GRN types for SWAP Stock
2.Map the GRN types so that the resulting accounting entries are as follows.
For a swap stock with import duty of 100 Rupees and clearing charges 70 Rupees.
a.Zero value to stock A/c (Trade Inventory) 0.00
To GRIR at Zero value 0.00
Inventory A/c -
100
To GRIR (Import duty) 100.00
Inventory A/c -
70
To GRIR (Import duty) 70.00
The rationale is to recognize the taxes and clearing charges due and not recongnized the cost of stock, Thus the only cost to the company in respect to the Swap stock is the taxes and clearing charges incurred,
Please help me out in the above scenario, Your valuable suggestions are highly appreciated.
Regards,
V.Jayapal Reddy
SAP-MM Consultant
+91 95855 27531