Hello,
I have the below requirement wherein I need your inputs.
- We place standard PO (NB) with serialized material to external vendor who is located in different country.
- Vendor notifies the serial # to us before the material exits vendor location
- Vendor ships the goods and send the delivery note and Invoice. Our ownership starts EX works - vendor location. The transfer time period can be couple of days or weeks.
The requirement option- 1:
- Capture material stock value into our accounting book once the material exits vendor location
- The stock type can be like “stock in transit”, “In transfer” something like that.
- Once the serialized material is physically received into our warehouse, The stock type is moved from “in transfer” to “unrestricted”
The requirement option- 2:
- Capture material stock value into our accounting book once the material exits vendor location
- The stock type can be like “stock in transit”, “In transfer” something like that and a different G/L account is used for this purpose “In transfer”
- Once the serialized material is physically received into our warehouse, The stock type is moved from “in transfer” to “unrestricted” and the $ value for is moved from “in Transfer” to “Material Inventory” and later posted into GR/IR account
Could you please provide the best options in ECC 6.0. Either Requirement-1 or Requirement-2 will work for me.
Thanks,
Baskar