For more details please review the accounting article.
A "Goods Shipment" can be posted if the "MaterialMgmtShipmentInOut" table is set to Active for accounting in the Active Tables tab of the organization's general ledger configuration.
Goods Shipment posting creates the following accounting entries.
Posting record date: Accounting Date.
|Product COGS (Cost of Goods Sold)||Shipment Line Cost Amount||One per Goods Shipment Line|
|Product Asset||Shipment Line Cost Amount||One per Goods Shipment Line|
Posting a Goods Shipment requires to have the cost of the product/s contained in it calculated.
In the case of a goods shipment that is the average or the standard cost calculated depending on the Costing Algorithm used.
- The "Legal Entity" organization needs to have a validated Costing Rule configured.
- and the Costing Background Process needs to be scheduled for the Client, therefore it can search and then allow that the Costing Server process calculates the cost of the transactions.
Once the cost have been calculated, the Goods Shipment can be posted to the ledger.