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Accounting Entry during PGI in STO SCENARION

16 Feb 2011 11:31 am || 2

Creation of Two line in case of STO scenario

 
 
In case of STO (Stock Transfer Order) between two plants (with in same company) in two steps without billing I have some specila requirement
  Requirement:     In current project business like to charge Freight for transfer of Material (Finished Goods) from one plant to other. Also expecting that freight amount should not affect Material price or price difference account, however it should post to two different GL account for Expenses and liability.     Expectation     Ex: Transfer of Material A from Plant X to Plant Y   Standard Price of Material A in Plant X-Rs.100   Standard Price of Material A in Plant Y-Rs.80       System posts fallowing accounting entry at the time of GI(Good Issue)     Material Stock account Dr.80   Material Stock Account Cr. 100   Stock transfer gain/loss accounts Dr. 20     In case of above example if they charge Rs.10 towards Freight/Fuel expense then system should post fallowing accounting entry     Material Stock account Dr                       80   Material Stock Account Cr                     100   Stock transfer gain/loss accounts Dr.        20   Freight Expense DR/CR                             10   Freight clearing account DR/CR                   10       We made required setting however system posts fallowing accounting entry       Material Stock account Dr                       80   Material Stock Account Cr                     100   Stock transfer gain/loss accounts Dr.        10   Freight clearing account DR                         10       Can any one guide me how we can generate the accounting entry as per business expectation.       plese let me know have any body handle  this scenario, please send me the contact details to get in touch.       Regards,    


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