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Chart of Account

Former Member
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At Time Goods receipt Purchase order

Why Materials and Consumables G/L and Materials Variance G/L Debit ?

please help me

Accepted Solutions (1)

Accepted Solutions (1)

lorna_real
Active Participant
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Hello Sandeep,

When we do a Goods Receipt PO, the typical entry is:

Dr. Stock/Inventory

Cr. Allocation Account

Both accounts are defined in the Item Group, Item Level or Warehouse depending on how you set up the GL Account Determination (Item Master Data -> Stock Data tab).

To verify why the entry posted is to a variance account, please check the source as per the above.

Hope this helps.

Regards,

Lorna Real

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