Skip to Content
0
Former Member
Feb 08, 2011 at 06:28 AM

COGS Posting at the time of Invoicing

341 Views

Hello Experts,

We have a requirement wherein the COGS Posting should happen at the time of Invoicing.

Our requirement is as below.

At the time of Post Goods Issue

Stock in Transit A/c Dr

Finished Goods A/c Cr

At the time of Invoicing we are expecting the below 2 entries

COGS A/c Dr

Stock in Transit A/c Cr

__________________________

Customer A/c Dr

Revenues

__________________________

We would like to know how to achieve the 2 the above mentioned 2 entries at the time of Invoicing.

Best Regards

Balaji Kancherla