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Relation between PO Charges and GL Account

  • 18 August 2021
  • 6 replies
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Userlevel 5
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Is there a relation in Basic data or How Purchase Order charges and connected or related to a GL Account in IFS.

We have Purchase Charges Type screen but how thats linked to GL.

Any Finance Set-up is required for mapping these two or these two are independent functions?

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Best answer by Shehan Almeida 18 August 2021, 20:09

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Userlevel 7
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Hi,

 

I believe you are referring to purchases charges not absorbed in inventory value.

 

Like other business events, Purchases charges are also handled by posting controls. Based on how you have setup the posting control M65, will decide how you can connect them with the relevant GL account.

 

If you define M65 with control type C60 (Based on charge type) you can define different account for each charge type. 

 

 

If you select ‘Fixed Value’  (AC1) as control type, all the charges will be posted to one fixed account mapped.

 

 

 

Hope this explains.

 

Shehan Almeida.

Userlevel 7
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Hi @Venkat04,

As Shehan explained Purchase chargers connected to GL via posting control. If the PO chargers absorbed to inventory below posting will get hit.

 

Best Regards

Narmada

Userlevel 3
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@Venkat04 @Narmada @Shehan Almeida 

Why the above said is not working for Non-Inventory purchase part. 

issue: we are defined charges as charge type but after GRN in accounting Charges amount not coming. Can you please confirm that the same  mapping will work for non-inventory purchase part.

Userlevel 7
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@ascheeka12 , 

Charges for Non-inventory parts are not included in receipt value (even if you decide to book arrival of non-inventory parts) and posting control M65 will be triggered on customer invoice matched with charge.

Userlevel 7
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@ascheeka12 , 

Charges for Non-inventory parts are not included in receipt value (even if you decide to book arrival of non-inventory parts) and posting control M65 will be triggered on customer invoice matched with charge.

On supplier invoice, of course

Userlevel 3
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@Adam Bereda thanks for the clarification.