on 06-18-2010 6:34 PM
Hi,
What is the effect on P & L when we do the MIGO & MIRO.
One of my FI User, basically a CA, says that when he does the MIGO & MIRO, and it affects his P & L.
I have doubt in his statement, reason being when we see the FI Documents at the time of MIGO & MIRO , the G/Ls getting affected are of "Balance Sheet" nature , then how come it is hitting the P & L?
Is our G/L assignment wrong or there is something wrong in CA's Statement ?
I am not much aware of the accounting terms, hence I kept mum.
Please giude.
Regards,
Hi PK,
You are right..
When we make MIGO & MIRO---> All inventory accounts & vendor accounts get reflect in Balance sheet account only.
But If your Price indicator "S:" in material master .. then if Price difference account is P& L account..
or any unplanned delivery cost if you post directly then it will affect the P& L account.
otherwise P&L account will not hit.
SAM
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