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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.

Account Debit Credit Comment
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.


Once the cost have been calculated, the Goods Shipment can be posted to the ledger.

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