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Inventory Adjustment by Projects

Former Member
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Hi Experts

I need your help on assigning Inventory Adjustment cost for its related Project. And possible any other cost occurred such as; Plate Cost (Raises via PO), Accruals. Currently We  do manual journal be assigned accordingly.

We’re trying to highlight that, all the cost  (the ones related to COGS only) for each project.

With Plate Costs & Accruals, I may be able to manually separate them, but it would be great if there’s other way to allocate them automatically.

Thanks

Vishal

Accepted Solutions (0)

Answers (1)

Answers (1)

kamalkumar_biswas2
Active Contributor
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Hi vishal

Are you talking about additive cost?

Can you give some example to understand your requirement?

Kamal

Former Member
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Hey Kamal

Thanks very much for your reply

This is not about additive cost, its more about capturing inventory adjustments within some cost bucket. For example, we can do so using IONs or similar mechanism.

To provide a scenario, we have a new product development done where they produce sample FG products. If those sample FG needs to be written off, we want to capture it and ideally by project. Hope that clarifies the requirement.


Thanks

Vishal

Former Member
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Hi Vishal,

Ideally the inventory adjustment expenses if you are using PS, you can book it to WBS element and can settle it to asset in the month end if you want to capitalize, else you can settle it to cost center in the month end.

As you said same you can achive through IO also.

Regards,

Ravi

kamalkumar_biswas2
Active Contributor
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Vishal

Understood...only cost settlement is the option to flow cost from cost bucket/object to project..

So as told by Ravi create IO book required cost and settle it to WBS element

Kamal