What Does co88 Mean?
What Does co88 Mean?
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We use CO88 within the background as an right away process and afterwards use KO88 if orders desired correction and settlement separately (no place in jogging all the plant to receive 1 order)
It can be According to product sales get Value estimate i.e. per unit cost of goods receipt is According to the product sales get Expense estimate, it might be be value According to the preliminary cost of the generation get, or it may be According to standard Value estimate of the fabric.
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Put simply, CO88 is used to settle the wip and variance with your generation orders (WIP or variance relies on the position of your order) towards the respective receiver G/L Accounts.
CO88 will likely not article the difference between approach and true values, which can be a evaluate of how effectively the order is planned - a distinction between program and actual, demonstrates that BOMs and rountings are Incorrect, or maybe the estimate for your approach is from day - they're producing Manage challenges not a postable FI entry.
This credit score would net the order down to your prepared variance, or to zero. at least the equilibrium over the get.
CO88 can be a collective method and may settle all purchase in a plant (or all vegetation) that have had WIP and Variance calculations pocessed.
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The actual charges posted to an buy is often kind of than the worth with which an get was credited when the products receipt was posted. When you agree, this distinction between the debit and credit history of your get is transferred to Financial Accounting (FI).