3:45 AM
Material on Loan
SAP Recommended Process: Material on Loan
Material on loan received from vendors is
entered through a configured movement type and without reference to a purchase
order. The warehouse manager will enter the stock transfer after receiving the
approved loan transfer document. The stock account will be debited and a
material on loan account will be credited.
Material may be returned against the loan or the
vendor may be given payment for the material. In case the vendor is to be paid
a non PO invoice document will be posted in
FI, thus clearing the material on loan account i.e. the material on loan
account is debited and vendor account is credited. However, if the material is
returned to the vendor instead, a loan return transaction is posted in the
system. This will reverse the effect of the preceding entry and update all
relevant accounts.
A similar process will be followed for material
issued on loan, again using a customized movement type.
1 comment
Thanks for sharing info
Packaging Blogger
Post a Comment