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Hello,
Hope I am giving good advice. But could you consider using the proof of delivery concept. The PGI is posted to in-transit and when the POD is confirmed from the customer (receive at detsination) the billing can be done. I would assume you would need a userexit with an FI BAPI in the POD to move the value to the real COGS account. In this scenario the COGS and Revenue will be posted in the same month.
So my question is, based on FOB Destination and after PGI is done to in-transit can you do the the billing to the customer? If not then POD is a viable solution for you.
Regards
Waza
| | | ---------------Original Message---------------
From: technofunctionalguy
Sent: Monday, November 22, 2010 12:22 AM
Subject: FOB Destination - Accounting treatment
Does anyone have a resolution to this problem ? Doing what is suggested above is a mini project. Please share how did you come around not doing the enhancements.
Also here is my view of this :-
FOB Destinaton - when the goods leave the warehouse dock on it's way to the destination (customer or another plant), the law says the title
is still owned by the seller until it reaches the destination. The law also says, seller cannot recognize the cogs and
revenue until that period. STD SAP does not handle this very well. At the same time, however, the law does not say anything about showing
this inventory as in-tranit inventory in the financial books. Client is asking for this in-transit inventory value to be
shown on the financial books. This calls for a major enhancement in SAP. Before we give in and say we will do this enhancement, I wanted to take ur opinion. The question I have for you is as follows:
From an financial audit point of view, is this a mandate to show this in-transit inventory value on the GL ? I wud be surprised if it is, as all the clients I have gone live with so far did not have this requirement. I have produced a report that shows the inventory in transit value in my previous clients and that satisfied the requirement. |
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