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SAP Sessions

How to Gain Visibility of Valuated Stock-in-Transit in Accounting

Stock-in-Transit can occur when goods transferred between two entities have left the sending entity, but ownership has not yet been transferred to the receiving entity. This can happen for external purchases, external sales, or between plants in the same or different company codes. In traditional SAP the Stock-in-Transit of Inventory can be identified in Inventory Management reports, but this is not reflected in accounting. With the Business Function LOG_MM_SIT, which is available in ECC (from Enhancement Pack 5) and also in S/4HANA (switched on by default), you can reflect the Stock-in-Transit in dedicated G/L Accounts.

Join this session to learn:

  • The different scenarios that are available for Stock-in-Transit, such as intercompany sales, intracompany transfers, external sales to customers, external purchases from vendors, returns, and so on.
  • The setup of Stock-in-Transit functionality in Logistics and Accounting
  • An example of how the Stock-in-Transit process works, and how it is recorded in Accounting
  • How Stock-in-Transit Accounts can help resolve “Ship-not-billed” situations
  • Additional Functionality that is available with LOG_MM_SIT and Material Ledger, such as the recording of Intercompany Profit in Inventory and Actual Costing across company code
Speaker
Paul Ovigele

Paul Ovigele is founder of ERPfixers. He has worked as an ERP financials consultant since 1997 in North America and Europe, implementing Financial Accounting and Controlling along with integrated areas in industries such as consumer goods, chemicals, logistics, pharmaceuticals, apparel and entertainment. Paul delivers training sessions to finance professionals at functional and managerial levels, is published in Financials Expert, and presents at SAP financials conferences around the world. Paul is author of Material Ledger in SAP S/4HANA (2019).
 

Contact
» Phone: +1 (619) 254-5002