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Entry 9: Material (Production)

Example entry 'Material' in the journal 'Actual Costs Material' after the action 'Material issue on PO'. Transaction type 05 WIP Material.

 

 

 

Production: Material
   
 Transaction type: 05 WIP Material
 Action: Material Issue on PO
 Journal: Actual Costs Material (31)
 Note: Item (manufactured part) to WIP
   
Seq.no. Description G/L Account Amount Type DC Transaction subtype G/L Origin
1 WIP mat A8191078/1 3502 (WIP Material) € 2.22 Debit 14 WIP Material Production Group
2 Inv grd mat A8191078/1 (Rejection K) 3100 (Assembly Inventory) € 2.22 Credit 25 Material Inventory group
3 WIP man A8191078/1 3500 (WIP Man-hours) € 0.39 Debit 10 Hours Man Production group
4 Inv grd man A8191078/1 (Rejection K) 3100 (Assembly Inventory) € 0.39 Credit 26 Man Inventory Group
5 WIP mach A8191078/1 3501 (WIP Machine hours) € 1.68 Debit 11 Hours Machine Production Group
6 Inv grd mach A8191078/1 (Rejection K) 3100 (Assembly Inventory) € 1.68 Credit 27 Machine Inventory Group
   
   
 Transaction type: 05 WIP Material
 Action: Material Issue on PO
 Journal: Actual Costs Material (31)
 Note: Pure material to WIP
   
Seq.no. Description G/L Account Amount Type DC Transaction subtype G/L Origin
1 WIP mat A8190886/15 3502 (WIP material) € 8.92 Debit 14 WIP Material Production Group
2 Inv mat A8190886/15 (PL 1.4301KGW 3000X1500X2) 3000 (Inventory material) € 8.92 Credit 25 Material Inventory Group

 

 

Explanation

  • Transaction type = the journal entry resulting from the action has this transaction type.
  • Action = the action executed by the user.
  • Journal = the journal that is addressed.

 

Knowledge Center
Financial Entries Overview
How to Set Up Production Groups
How to Set Up Inventory Groups

 

 

materialgeneral ledger accountinventory groupjournalfinancial transactionactual costingmanmachinedebit/creditac materialwork in progressmaterial issueproduction groupitemtransaction typejournal entrytransaction subtypetransaction type 05 wip materialtransaction subtype 25 materialtransaction subtype 26 mantransaction subtype 27 machinetransaction subtype 14 wip materialtransaction subtype 10 hours mantransaction subtype 11 hours machine