1. Using Financials for Asia/Pacific
  2. Create Cost Accounting

Create Cost Accounting

To create cost accounting, you must run the relevant processes to Costing and create cost accounting distributions.

Follow these steps:

  1. Run the process Transfer Transactions from Receiving to Costing. Post the transaction details from Receiving to Costing.
  2. Run the process Transfer Transactions from Inventory to Costing.
    Transfer the inventory transactions from the inventory to costing for processing.
  3. Create Cost Accounting Distributions as follows.
    • For accounting for item A:
      • Dr. Inventory Valuation 40000 USD
      • Cr. Receiving Inspection 40000 USD
      • Dr. Inventory Valuation 618287.04 INR
      • Cr. Receiving Inspection 618287.04 INR
    • For accounting for item B:
      • Dr. Inventory Valuation 60000 USD
      • Cr. Receiving Inspection 60000 USD
      • Dr. Inventory Valuation 927430.56 INR
      • Cr. Receiving Inspection 927430.56 INR