Consignment Settlement By MRKO

Hi Friends,
I know the consignment process from Consignment Info Record to MIGO. But when I am about to settle the consignment by using the T.code MRKO, I am not succeeding. Although when I am executing MRKO, i am getting the list of Consignment Stock. Further how to settle it, I don't know.
Plz help me out.
Thanks & Regards
Saeed Arif

For doing consignment settlement we have to use MRKO. What are the necessary steps to be followed while dealing with this T.Code MRKO?
For doing consignment settlement.
you should have consignment PO ( item category K) with tax code
Info recore is must with consignment
when u received the good through movement type 101K no accounting do will generate. since it is not valuated materila ( it owns by the vendor)
Transfer the consignment materila to own (movemetn type 411K ) or Goods issue to consumption( movement type 201K) ... now accounting document will generate.
settele the the account through MRKO transcation.
If you find error that messeage determination not set.... go the SPRP setting ..logistic Invoce verification > Messeage determination >>> maintain condition >>> create condition.... create for KONS
Hope this will useful

Similar Messages

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    Dear Experts,
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    problem solved with your help.thanks.

  • Consignment settlement process MRKO

    I am working on PO with consignment first time I have made OBYC setting for consignment  KON , after that i hav ecreated PO migo and MB1B from consignment stock to own stock now i want to know the steps foe consignment seettlement how to do it with MRKO, when i execute it I can see the material document with with date and amount of that document on the main screen what is the further process to settle it. and also what settings are required to be maintain in MRM1 is it necessary

    You can goto tcode MRM1, specify the condition type = "KONS" for consignment and Company code = 1000
    Remember not to specify the partner in the condition record.
    Then proceed to MRKO to do your consignment settlement
    One more setting, select the SETTLE and remove DISPLAY under the procesing option tab and execute the transaction..
    Edited by: Kishore Kumar Galla on Mar 11, 2010 12:42 PM

  • Consignment settled through MRKO

    Hello Experts,
    There are few invoice settlements through MRKO and the issue is material price is wrong as the price in material info. Adding to it, the invoices are already paid. Now business wants to reverse the documents and again process the it with corrected info. price.
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    It is not advisable to reverse the payment document, instead there can be a financial JV adjustment and a material price adjustment at MM level to control the price variance.
    Please let us know, what is the appropriate process to adjust the material price at MM end.

    Post a Credit / Invoice memo for the price difference against that vendor through FB65/FB60.
    If not, change the price in Info-record and re-valuate the PO through MRNB so that Debit/Credit memo will automatically posted accordingly.
    For the above step, you should check the Revaluation option in Vendor master - Purchase data.

  • Linking Consignment Settlement (MRKO) with Value Contract

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    Normally we do not get into consignment arrangements with supplier with value limites or qty limites. It defeats the purpose of consignment, where idea is to reduce inventory carrying cost and yet have full availability of stock.
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  • MRKO - Consignment settlement cleaning up

    Hi all,
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    Thank you.
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    hi  chakrapani,
    If i would like to reverse the good movement and perform the MRKO based on the current period. From the financial side, did you see any huge impact. For what i can think will be all the consignment only will be incurs now with the financial document posting as the previous posting back on year 2003 has not been capture as it doesnt have any price maintain.
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  • Consignment Settlement - MRKO

    Hello Friends,
    I am doing consignment settlement in MRKO. But here i am getting the following error.
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    I have also done MRM1, that is, condition record for consignment. Still I am getting this error.
    Can anybody suggest me what I have to do further to solve this error?? Do I have to create a new tax code V0 for JO - Jordan??
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    Kindly advise me on the above.
    Thanks and Regards.

    Maintain taxcodes using trnasaction code FTXP

  • Consignment settlement reverse

    Hi Gurus,
    I have done consignement settlement thro MRKO.I want to reverse the settlement .Is it possible.What
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    Hello Sivakumar,
    At first reverse the Material document created , then Goto MRKO so that a credit memo gets created.
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  • Vendor Consignment Settlement - Invoice verification - MRKO

    Hello All,
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  • MRKO Consignment settlement against a PI partner

    I have a problem with the vendor the MRKO settles against. The scenario is that I want to settle the against a PI maintained in the vendor master (in the partner function) which is different to the VN that the MRKO run settles against because this is the vendor the info record is created for and the PO was created against.
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  • Consignment Settlement(MRKO) Problem

    For consignment stocks, after GR from PO, we'll either do a mvt:211K to cost ctr or mvt:411K to inventory. Now this will create a settlement entry in MRKO based on the existing PIR(purchase info record) unit price.
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    The only way to settle using the price on the invoice the vendor sent, is to reverse your goods issues, change the price and do the goods issue again.   Not a good process and in most cases not a supportable work process.
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  • Consignment Settlement - MRKO issue

    Hi All..
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    Does anyone of you have an idea about it ?

    Double check whether you create the vendor master data at the company code level?
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    I have found the solution : GSVERF
    Message was edited by:
            Michel MAHAUX

    I have found by myself

  • Consignment settlement (MRKO) with reference to PI vendor partner

    To day our consignment settlement documents are being created with reference to the VN partner. How can we drive the consignment settlement to be created with reference to the PI vendor partner?
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