Detailed Notes on co88
Detailed Notes on co88
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We use CO88 inside the track record as an overnight procedure then use KO88 if orders essential correction and settlement independently (no level in managing your complete plant for getting one buy)
It could be According to income order Price tag estimate i.e. per device Value of goods receipt is as per the gross sales purchase Price tag estimate, it may be be price as per the preliminary expense of the manufacturing get, or it can be as per standard Value estimate of the fabric.
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Quite simply, CO88 is utilized to settle the wip and variance in the production orders (WIP or variance is determined by the standing of your respective get) to the respective receiver G/L Accounts.
CO88 will not post the distinction between strategy and genuine values, that are a measure of how perfectly the get is prepared - a difference between system and true, shows that BOMs and rountings are Erroneous, or even the estimate with the program is outside of date - these are production Manage difficulties not a postable FI entry.
This credit would Web the get all the way down to your prepared variance, or to zero. not less than the equilibrium on the get.
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The particular prices posted to an buy could be roughly than the worth with which an buy was credited when the goods receipt was posted. When you agree, this difference between the debit and credit with the order is transferred to Economical Accounting (FI).