Global Procurement Events
The following table lists the global procurement events and the corresponding accounting entries.
Event Type Name |
Accounting Line Type |
Transaction Type |
---|---|---|
Trade In-Transit Receipt (Intercompany Invoicing Option = Y or N) |
Trade In-Transit Valuation |
Debit |
Trade In-Transit Receipt (Intercompany Invoicing Option = Y or N) |
Trade Clearing |
Credit |
Trade In-Transit Receipt (Intercompany Invoicing Option = Y or N) |
Trade In-Transit Valuation or Expense * |
Debit |
Trade In-Transit Receipt (Intercompany Invoicing Option = Y or N) |
Overhead Absorption |
Credit |
Trade In-Transit Receipt (Intercompany Invoicing Option = Y or N) |
Trade In-Transit Valuation |
Debit |
Trade In-Transit Receipt (Intercompany Invoicing Option = Y or N) |
Trade Clearing |
Credit |
Trade In-Transit Issue (Intercompany Invoicing Option = Y) |
Intercompany Cost of Goods Sold |
Debit |
Trade In-Transit Issue (Intercompany Invoicing Option = Y) |
Trade In-Transit Valuation |
Credit |
Trade In-Transit Issue (Intercompany Invoicing Option = Y) |
Expense |
Debit |
Trade In-Transit Issue (Intercompany Invoicing Option = Y) |
Overhead Absorption |
Credit |
Trade In-Transit Issue (Intercompany Invoicing Option = N) |
Interorganization Receivable |
Debit |
Trade In-Transit Issue (Intercompany Invoicing Option = N) |
Trade In-Transit Valuation |
Credit |
Trade In-Transit Issue (Intercompany Invoicing Option = N) |
Expense |
Debit |
Trade In-Transit Issue (Intercompany Invoicing Option = N) |
Overhead Absorption |
Credit |
Trade In-Transit Issue (Intercompany Invoicing Option = N) |
Interorganization Receivables |
Debit |
Trade In-Transit Issue (Intercompany Invoicing Option = N) |
Interorganization Gain or Loss |
Credit |
PO Delivery into Inventory |
Inventory Valuation or Expense * |
Debit |
PO Delivery into Inventory |
Receiving Inspection |
Credit |
PO Delivery into Inventory |
Inventory Valuation or Expense * |
Debit |
PO Delivery into Inventory |
Material Overhead Absorption |
Credit |
PO Delivery into Inventory |
Purchase Price Variance ** |
Debit |
PO Delivery into Inventory |
Receiving Inspection |
Credit |
PO Receipt Adjustment: Positive |
Inventory Valuation or Expense * |
Debit |
PO Receipt Adjustment: Positive |
Receiving Inspection |
Credit |
PO Receipt Adjustment: Positive |
Inventory Valuation or Expense * |
Debit |
PO Receipt Adjustment: Positive |
Material Overhead Absorption |
Credit |
PO Receipt Adjustment: Positive |
Transfer Price Variance ** |
Debit |
PO Receipt Adjustment: Positive |
Receiving Inspection |
Credit |
PO Receipt Adjustment: Negative |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Negative |
Inventory Valuation or Expense * |
Credit |
PO Receipt Adjustment: Negative |
Inventory Valuation or Expense * |
Debit |
PO Receipt Adjustment: Negative |
Material Overhead Absorption |
Credit |
PO Receipt Adjustment: Negative |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Negative |
Transfer Price Variance ** |
Credit |
PO Receipt Adjustment: Negative |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Negative |
Cost Variance |
Credit |
PO Receipt Adjustment: Transfer (Issue) |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Transfer (Issue) |
Inventory Valuation or Expense * |
Credit |
PO Receipt Adjustment: Transfer (Issue) |
Inventory Valuation or Expense * |
Debit |
PO Receipt Adjustment: Transfer (Issue) |
Material Overhead Absorption |
Credit |
PO Receipt Adjustment: Transfer (Issue) |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Transfer (Issue) |
Transfer Price Variance ** |
Credit |
PO Receipt Adjustment: Transfer (Issue) |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Transfer (Issue) |
Cost Variance |
Credit |
Return to Supplier: Return to Inspection - Negative |
Receiving Inspection |
Debit |
Return to Supplier: Return to Inspection - Negative |
Inventory Valuation or Expense * |
Credit |
Return to Supplier: Return to Inspection - Negative |
Expense |
Debit |
Return to Supplier: Return to Inspection - Negative |
Material Overhead Absorption |
Credit |
Return to Supplier: Return to Inspection - Negative |
Receiving Inspection |
Debit |
Return to Supplier: Return to Inspection - Negative |
Transfer Price Variance ** |
Credit |
Return to Supplier: Return to Inspection - Negative |
Receiving Inspection |
Debit |
Return to Supplier: Return to Inspection - Negative |
Cost Variance |
Credit |
Return to Supplier (Return to Inspection): Transfer |
Receiving Inspection |
Debit |
Return to Supplier (Return to Inspection): Transfer |
Inventory Valuation or Expense * |
Credit |
Return to Supplier (Return to Inspection): Transfer |
Inventory Write off or Expense * |
Debit |
Return to Supplier (Return to Inspection): Transfer |
Material Overhead Absorption |
Credit |
Return to Supplier (Return to Inspection): Transfer |
Receiving Inspection |
Debit |
Return to Supplier (Return to Inspection): Transfer |
Transfer Price Variance ** |
Credit |
Return to Supplier (Return to Inspection): Transfer |
Receiving Inspection |
Debit |
Return to Supplier (Return to Inspection): Transfer |
Cost Variance |
Credit |
Trade In-Transit Return (Intercompany Invoicing Option = N) |
Trade Clearing |
Debit |
Trade In-Transit Return (Intercompany Invoicing Option = N) |
Trade In-Transit Valuation |
Credit |
Trade In-Transit Return (Intercompany Invoicing Option = N) |
Expense |
Debit |
Trade In-Transit Return (Intercompany Invoicing Option = N) |
Overhead Absorption |
Credit |
Trade In-Transit Return (Intercompany Invoicing Option = N) |
Trade Clearing |
Debit |
Trade In-Transit Return (Intercompany Invoicing Option = N) |
Trade In-Transit Valuation |
Credit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = Y) |
Trade In-Transit Valuation |
Debit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = Y) |
Intercompany COGS |
Credit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = Y) |
Trade In-Transit Valuation or Expense * |
Debit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = Y) |
Overhead Absorption |
Credit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = N) |
Trade In-Transit Valuation |
Debit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = N) |
Interorganization Receivables |
Credit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = N) |
Trade In-Transit Valuation or Expense * |
Debit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = N) |
Overhead Absorption |
Credit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = N) |
Interorganization Gain Loss |
Debit |
Trade In-Transit Return Receipt (Intercompany Invoicing Option = N) |
Interorganization Receivables |
Credit |
Trade In-Transit Receipt: Acquisition Cost Adjustment (Intercompany Invoicing Option = Y or N) |
Trade In-Transit Valuation |
Debit |
Trade In-Transit Receipt: Acquisition Cost Adjustment (Intercompany Invoicing Option = Y or N) |
Trade Clearing |
Credit |
Trade In-Transit Receipt: Acquisition Cost Adjustment (Intercompany Invoicing Option = Y or N) |
Trade In-Transit Valuation or Expense * |
Debit |
Trade In-Transit Receipt: Acquisition Cost Adjustment (Intercompany Invoicing Option = Y or N) |
Overhead Absorption |
Credit |
PO Receipt: Acquisition Cost Adjustment |
Inventory Valuation or Expense * |
Debit |
PO Receipt: Acquisition Cost Adjustment |
Receiving Inspection |
Credit |
PO Receipt: Acquisition Cost Adjustment |
Inventory Valuation or Expense * |
Debit |
PO Receipt: Acquisition Cost Adjustment |
Material Overhead Absorption |
Credit |
PO Receipt: Acquisition Cost Adjustment |
Purchase Price Variance ** |
Debit |
PO Receipt: Acquisition Cost Adjustment |
Receiving Inspection |
Credit |
PO Receipt: Acquisition Cost Write-off |
Inventory Write Off |
Debit |
PO Receipt: Acquisition Cost Write-off |
Receiving Inspection |
Credit |
PO Receipt: Acquisition Cost Write-off |
Inventory Write Off or Expense * |
Debit |
PO Receipt: Acquisition Cost Write-off |
Material Overhead Absorption |
Credit |
Return to Supplier: Acquisition Cost Adjustment |
Receiving Inspection |
Debit |
Return to Supplier: Acquisition Cost Adjustment |
Inventory Valuation or Expense * |
Credit |
Return to Supplier: Acquisition Cost Adjustment |
Expense |
Debit |
Return to Supplier: Acquisition Cost Adjustment |
Material Overhead Absorption |
Credit |
Return to Supplier: Acquisition Cost Adjustment |
Receiving Inspection |
Debit |
Return to Supplier: Acquisition Cost Adjustment |
Purchase Price Variance ** |
Credit |
Return to Supplier: Acquisition Cost Write-off |
Receiving Inspection |
Debit |
Return to Supplier: Acquisition Cost Write-off |
Inventory Write-Off |
Credit |
Return to Supplier: Acquisition Cost Write-off |
Expense |
Debit |
Return to Supplier: Acquisition Cost Write-off |
Material Overhead Absorption |
Credit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Positive |
Inventory Valuation or Expense * |
Debit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Positive |
Receiving Inspection |
Credit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Positive |
Inventory Valuation or Expense * |
Debit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Positive |
Material Overhead Absorption |
Credit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Positive |
Purchase Price Variance ** |
Debit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Positive |
Receiving Inspection |
Credit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Negative |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Negative |
Inventory Valuation or Expense * |
Credit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Negative |
Expense |
Debit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Negative |
Material Overhead Absorption |
Credit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Negative |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Acquisition Cost Adjustment - Negative |
Purchase Price Variance ** |
Credit |
PO Receipt Adjustment: Acquisition Cost Write Off - Positive |
Inventory Write Off |
Debit |
PO Receipt Adjustment: Acquisition Cost Write Off - Positive |
Receiving Inspection |
Credit |
PO Receipt Adjustment: Acquisition Cost Write Off - Positive |
Inventory Write Off |
Debit |
PO Receipt Adjustment: Acquisition Cost Write Off - Positive |
Material Overhead Absorption |
Credit |
PO Receipt Adjustment: Acquisition Cost Write Off - Negative |
Receiving Inspection |
Debit |
PO Receipt Adjustment: Acquisition Cost Write Off - Negative |
Inventory Write Off |
Credit |
PO Receipt Adjustment: Acquisition Cost Write Off - Negative |
Expense |
Debit |
PO Receipt Adjustment: Acquisition Cost Write Off - Negative |
Material Overhead Absorption |
Credit |