The following describes the accounting transactions the system creates when you receive goods and perform quality control of the goods. The cost type is Standard cost.
Prerequisites
| Received quantity | 100 |
| Approved quantity | 95 |
| Purchase price | 40.00 |
| Standard purchase price | 50.00 |
| Standard cost | 50.00 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| The following two transactions are created when the reception is confirmed before the quality control process is performed. Tip: Normally the 930 transaction type is accounted on a purchase account in Financials. The 940 transaction type should be accounted on a separate account for items in quality control in Financials. This account is credited when the quality control is performed for the goods. See below. | |||||
| 940 | In quality control | 4000.00 |
This transaction increases (debits) the account for items in quality control calculated by multiplying the net purchase price by the received quantity. |
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| 930 | Reception from supplier | 4000.00 |
This transaction is the purchase value that is normally credited on a Reception from supplier account in Financials. |
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| The following five transactions are created during the quality control process, i.e. when the quality control note is confirmed. | |||||
| 901 | Stock value | 4750.00 |
This transaction increases (debits) the Stock value with the approved quantity multiplied by the item standard cost. Note: If “Cost per warehouse” is active then the Standard cost used will be that for the warehouse into which the goods are received. |
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| 940 | In quality control | 4000.00 |
This transaction decreases (credits) the account for items in quality control calculated by multiplying the net purchase price by the received quantity. When the items were received, this account was increased with the purchase value. |
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| 934 | Purchase price difference/stored | 950.00 |
This transaction is the difference between the standard purchase price and the actual net purchase value for the goods that were accepted into “normal” stock. In this example the figures are: Note: If you account the 934 transaction type on the same account as 901 in Financials, you can never reconcile the stock valuation list in Distribution with the amount of this stock account in Financials. If you account 934 and 901 alike in Financials, the stock value is 3800.00 in Financials. The stock value for the goods in Distribution is 4750.00. |
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| 941 | Non-conforming stock value | 250.00 |
This transaction increases the non-conforming stock value, calculated as the item standard cost multiplied by the rejected quantity. Five pieces are added to the non-conforming stock, since they were rejected. |
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| 946 | Purchase price difference/Non-conforming stock | 50.00 | This transaction is the difference between the non-conforming stock value and the purchase value for the rejected quantity.
In this example the figures are: Note: If you account the 946 transaction type on the same account as 941 in Financials, you can never reconcile the non-conforming stock valuation list in Distribution with the amount of this stock account in Financials. The non-conforming stock value for the rejected goods in Distribution is 250.00. If you account 946 and 941 alike in Financials, the non-conforming stock value is 200.00 in Financials. |
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Related topics
- Overview of accounting transactions during goods reception
- (Accounting) Receive goods without quality control, no landed costs and with cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs (no cost check) and cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs requiring a cost check and cost type Standard cost
- (Accounting) Receive goods without quality control, with landed costs and cost type Average purchase cost
- (Accounting) Receive goods without quality control, with a landed cost and cost type FIFO
- (Accounting) Receive goods without quality control and with a landed cost into transit stock
- (Accounting) Receive fictitious items, and items with no stock update, no landed costs and with cost type Standard cost
- (Accounting) Receive fictitious items and items with no stock update, with landed costs and cost type Average purchase cost or FIFO
- (Accounting) Receive goods with landed costs on a BtB direct delivery
- (Accounting) Receive goods with quality control, landed costs (no cost check) and cost type Standard cost
- (Accounting) Receive goods with quality control and landed costs requiring a cost check with cost type Standard cost
- (Accounting) Receive goods with quality control, landed costs (no cost check) and cost type Average purchase cost
- (Accounting) Receive goods with quality control, landed costs requiring a cost check and cost type FIFO
- (Accounting) Receive goods FOC without quality control, no landed costs and with cost type FIFO