Variance is Getting Credited to COGM Expense Account

Hi,
While doing the Production process, we got 15$ variance due to the variance between Goods Receipt and Goods Issue. When i settle the production order, The above 15$ is getting debited to Variance account and posting to COPA and the is getting credited to Material COGM - Expense Account. But not going to COPA.
The above process is correct? But why is is not posting to COPA. How it will goto COPA?
Thanks
Fit for Nothing

Hi
The prod order is a temporary object created for the purpose of manufacturing a specific lot size of a given product
Debits like Raw Material And Activity confirmations post to the production order - Say, 105 USD
Credits like Goods receipt - Posted to the production order - Say 100 USD
In order to close the Production order, you must post the balance (variance) 5 USD also to the production order... And the account is COGM i.e. offsetting account for GR or Settlements pertaining to production order...
.... Thats the precise reason why variance is posted to COGM account and to the production order and not COPA...
COPA will be posted to once you sell this stuff which you have manufactured from the production order
Regards
Ajay M

Similar Messages

  • CVD and ADC accounts are not getting credited during the Goods Receipt of Imports PO (India)

    Hello team,
    We are receiving the goods against with the Imports PO. Before the GR, we have paid the Customs duties to the Indian government. And, in the Invoice of Customs (MIRO), the CVD and ADC G/L Accounts got debited with the respective Accrual Accounts which are maintained in the Pricing of Imports at the CVD and ADC conditions. But, as per the standard procedure, during the GR, the same gets credited. But, it's not happening.
    Can anybody suggest what is the bug here that we need to correct?
    Thanks in advance for your response.
    Regards,
    Satya

    Have you used subtransaction type IP in MIGO.
    Refer below notes.
    929681
    - Subtransaction type not picked up for ADC in MIGO C&P EI
    910681
    - Legal changes on Additional Duty of Custom
    and
    964190
    - ADC on domestic purchase of imported goods
    Regards
    Binoy

  • Vendor Account not getting credited

    Dear Gurus,
    After doing MIRO, my GR/IR clearing account is getting debited, but my vendor account is not. Instead the account Gain-IR small diffs is getting credited. Where is the setting to change this, so that my vendor account gets credited.
    Regards
    Prashant

    HI
    Inorder to check whether your vendor account is getting credited or not go to Transaction OBYC
    and check the debit transaction KBS ,
    and then check the posting key 81 for debit and 91 for credit is maiintained or not .
    this will give the GL account that is being credited to go to transaction FD10 to checj the vendor balance.
    hope this hellps.
    regards
    Vignesh

  • Which accounts get credited and debited in P2P cycle

    Which accounts get credited and debited in P2P cycle. I do not know accounting.
    So kindly explain in deep how accouting gets efected from requsition to invoice and payment.

    Hello,
    Send me your email id.
    will forward you a doc which has all modules accounting entries.
    Thanks
    -Arif.

  • Use Tax Posting To Tax Payable and Expense Account

    Hello Experts,
    I am trying to post tax, code 03, to an expense account instead of the customer account at the time of billing. This is for use tax posting based on the costs of our materials and should be paid by company and not passed to the customer. Currently The percentages will base from the cost of material instead of sale price but this is posting to our tax payable account and to customer account as below:
    Dr Customer Account 1.27
           Cr Revenue -1.20
           Cr Use Tax Payable -.07
    The desired outcome would be as below:
    Dr Customer Account 1.20
         Cr Revenue -1.20
         Cr Use Tax Payable -.07
    Dr Use Tax Expense .07
    Thanks in advance for help.

    Hi
    Welcome to SDN Forum
    As you want to post to separate Tax payable and expense account ,so maintain a separate account key and assign it to the tax condition type in Pricing procedure .In VKOA assign the G/L accounts to that account key.So you have to take your FI Team members help to get the G/L accounts.and its assignment to the tax code.
    Regards
    Srinath

  • Who do I talk to about getting the credit on my account that was promised to me 3 months ago?

    Back in April my husband and I traded in our old iPhones for a "free" 5c upgrade through Verizon's loyalty program.  We then signed up for a home phone, and basically after all the changes were made we were told our monthly bill would be $140/month.  Our next month's bill then ended up being over $300!  It turns out the monthly charges were entered incorrectly by the sales representative helping us and we were charged about $80 extra.  So I went in to the store to talk to someone in person about the mistake, and he changed the subsequent bills to correctly list the charges.  He told me that $80 would be credited to our account but if not the next month, it would reflect on the following month.  I'm still waiting for the $80 credit to reflect on our account!  (although technically the new rep assisting me did not offer to reverse the long distance fees that we were overcharged because of this mess up, but at that time I just wanted to get the heck out of there).
    Anyway, before I start on another wild goose chase of phone calls and/or Verizon store visits, what is the best way to go about contacting them to try to get this credit to my account??  I shouldn't have to wait any longer for the $80 credit to reflect on my account.
    Thanks to anyone who can provide some guidance!

    http://www.BBB.org
    This way file a complaint and Verizon will contact you.
    If they say it has been credited get their real name and a confirmation number for the transaction.
    Good Luck

  • Error in posting debit balances to expense accounts

    When trying to post debit balances to expense accounts for a particular fiscal year, we are getting a short dump. Credit balances are being posted without a problem. Debit balances for other classes of accounts are posting without a problem for that particular year.

    Hi,
    Can you provide the error details. what transaction are you using for posting etc.
    Regards
    Mahendra

  • Expense account and ledger fields

    Dear Brothers,
    I am uploading assignments data and i want to upload the ledger and expense account that are in the "Purchase Order Information" tab, can you please tell me what are the column names for these two fields, or how can i upload them ?
    Thanks,

    Hi;
    Pelase review:
    Re: What is Best Way to Get Table Name in Oracle Applications : 12.1.1 (web)
    For table-field relation and defination you can check e-trm site
    Regard
    Helios

  • Depreciation error ""expense account account bewlo zero could not be find""

    Hi
    We are getting the error "Expns Account for ordinary depcreation below Zero could not be find".When Checked some assets are becoming negative with current period's depre run.
    Eg:Asset value 500 , 4 yrs back and depre/month is 60.When coming to current period asset balance is only 40 but depreciation is 60 so it is giving above error.
    How to resolve this?
    1.can I give Expense depre GL in field "expense account bewlow zero"AO90 ?If gives what happens??does 60 post debit side and 20 posts credit side?
    2.Is above method is correct?
    3.Since this month balance is zero am I right in assuming that Zero asset won't be picked up for depreciation next month?
    Please explain if I can do the above method?
    hinfi

    Hi,
    assign an account for "Expense account for spec.dep.below zero"  in a090.

  • Customs Allocation Account and Customs Expense Account

    Hi All,
    Can any one tell me what is the use of Customs allocation Account and Customs Expense Account.
    When and where these accounts will be used.
    If  possible provide with examples of journal entry.
    Regards
    Shashi

    Hi,
    Custom allocation iaccount are used with the landed cost.
    It's defined in Setup > Inventory > Custom Group. You will have to define both the Custom allocation account and the Custom Expense account. On the Item Master Data, the custom group is found on the Purchasing tab.
    In Purchasing/AP > Landed  cost, if the field Custom Affects Inventory is checked then your custom allocation account will be credited and the inventory account will be debited (inventory value goes up).
    If the field Custom Affects Inventory is unchecked, the custom allocation account will still be credited but the custom expense account will be debited instead.
    Hope this help
    Regards

  • Expense account in Item master

    Hi,
    We are defining Items through API , so expense account will be defaulted from Inventory parameters.
    This expense account was endated and we want new expense account in Item master.
    Please advice how we can define new expense account .
    Thanks
    Kiran

    For the new expense account, get the code_combination_id from gl_code_combinations.
    Then use item master interface to update the expense_account field.
    Here is a sample script
    INSERT INTO mtl_system_items_interface
                (process_flag, set_process_id, segment1, expense_account,
                 organization_code, transaction_type
         VALUES (1, 67890, 'TEST', 12345,
                 '999', 'Update'
                )

  • Didn't get credited 400 minutes after renewing my ...

    Hello, on January 14th, 2012, I subscribed for this plan:
    Calling to Landlines and Mobiles in Syria:
    400 Minutes
    20.7¢/minute
    $82.99/month
    I used up the 400 minutes really fast because I haven't spoken to my wife in a while. Now, on my Skype account page it said that this subscription "Renews on Feb 14, 2012". I can't wait until Feb 14 to speak to my wife again so I bought the subscription again. However, the 400 minutes didn't get credited to my account. I made a call and it used up my Skype credit. This is my account page AFTER buying the 400 minute subscription: 
    http://i.imgur.com/e4fm1.jpg
    Here's the confirmation that I payed for the 400 minute package:
    http://i.imgur.com/1F26O.jpg
    One more thing: Why was I charged twice on January 14th for the 400 minute subscription? here's proof:
    http://i.imgur.com/PCEJo.jpg
    Thanks for your help.

    Hello? Do I have to call my credit card??

  • Setting up Brand New iPad 2 - iTunes Sharing and Getting Files from old iTunes Account

    Greetings.  I recently purchased an iPad 2 (convert after 20 years of PC use) and have been waiting to set it up until I knew the proper way to proceed.  I have multiple questions and am hoping those of you with more Apple experience can help out a convert .
    I would like to set it up with a new iTunes account so when my wife gets her iPad 2 next year we can share apps and movies we buy on iTunes.  Do you always have to sync your iPad to your PC to get your latest purchases or can you do that via the wireless connection directly on the iPad after the initial set-up?
    That said, if one of us buys an app/movie, will we both have to carry it on our iPads or will they store remotely on iTunes or on our PCs?  I'm just concerned about maxing out the storage space on the iPad.  Do the purchases need to occur on your PC vs. the iPad itself for both to have the app/movie access?
    I've also read about iCloud issues and syncing all calendar/contact/etc. accounts if two iPads are set-up with the same Apple ID.  What's the best way to initially configure the iPads so that you avoid this headache in the future?
    Once I get all this settled and get a new iTunes shared account working, is there any way to get the movies I have in both of our old iTunes accounts into the new shared iTunes account?  Can I simply drop them on a jump drive from one PC and place them into an appropriate folder on the new PC that the iPad sync's to if it does in fact need to sync?
    Again, appreciate all the help and sorry for all of the confusion and multiple thoughts.  I would just like to set this thing up once and for all the right way.
    Thanks again

    1, you can (re-)download a lot of purchases directly on the iPad without having to connect to your computer - apps and ibooks can be re-downloaded (as long as they remain available), music can be re-downloaded in some countries; tv shows can currently only be re-downloaded in the US. Re-downloading
    2, films are a one-time only download, so you can either download it on your computer's iTunes and sync it to your device(s), or if you download it directly on the iPad you will need to then copy it to your computer's iTunes (connect the iPad and do File > Transfer Purchases) so that you can make a backup and copy it to your other iPods, iPads etc.
    3, I haven't had any problems with iCloud, but then I don't share my account so it's only my account and contacts on my iPad and iPhone.
    4, you can authorise your old accounts on your computer's iTunes (Store > Authorise This Computer) and copy the films onto it : File > Add File To Library - you can't copy or transfer content to a different account (nor can you combine accounts), they will remain tied to the original account
    The iPad's manual has some info about syncing and each of the built-in apps (the iBooks app is covered in the manual though it isn't pre-installed, but you can download it for free from the store) - the manual can be downloaded from here http://support.apple.com/manuals/#ipad

  • When i want to create a face time it tells me to vertify my email address. When i go to do this i have to type in my apple ID and password on the Apple website, however when ever i do this i get a message saying Invalid account for this Email Address..

    when i want to create a face time it tells me to vertify my email address. When i go to do this i have to type in my apple ID and password on the Apple website, however when ever i do this i get a message saying Invalid account for this Email Address..

    Same problem here.  Whats the deal?!  Apple??

  • Please tell me a BAPI to get Closing balance of customer account based on Sales Organization?

    Hi Experts,
    A requirement has come up where I want to get Customer closing balance based on its sales organization as this particular customer is extented to 2 different sales organizations. I want to get the closing balance of individual sales organization vise.
    Please tell me a BAPI to get Closing balance of customer account based on Sales Organization?

    AFAIK there is no such BAPI, cause there is no database table with balance for customer per sales organisation. (No KNCx table for VKORG)
    First ask functionals (*) how to recover sales organisation from a FI document (I suppose for SD invoice it is easy if no merging between organisation) will be a little tricker for pure FI document like payment transactions (hope thet are quickly cleared...)  Then start from non cleared records of BSID (also BSAD if you use a past date of reference, in case you have to add the records of BSAD with clearing date greater than reference date) and cross it with SD information to break FI into sales organisation.
    Regards,
    Raymond
    (*) Ask for where do they store VKORG in FI documents

Maybe you are looking for