Transfer Accouting

ranjityadav

Transfer Accounting is available in Base Nav2009

ssingla

Is this a question or information :?:

ranjityadav

I think this is a question he he he

AdamRoue

So what is teh question? Please define transfer accounting as a statement.

ssingla

AFAIK Transfer Accounting has two dimensions:
a) Internal Transfer : Transfer Cost/Price between locations within same company and resulting unrealized gain/loss. Use : Internal - Profit/Cost Centre profitability statement.
b) Related Party Transfer : Mostly applicable for sale/purchase between subsidary-holding company. Several regulations are in place which requires "Arms Length Price" to be used for such transactions so that there is no under/over statement of profit in the books of both the company.

Which transfer accounting you are looking for.

ranjityadav wrote:

he he he

Smilies express better

ranjityadav

Hi Thanx for your valuable Suggestions.
I Done the customization for that.

The Transfer Accounting i asked was like that

SUppose i hav 2 locations.
1. Delhi
2. Gurgaon

i m transferring the goods from delhi to gurgaon and in the books of Delhi its a Sale and for gurgaon its a purchase.
I need to Post the entry to the G/L Accounts of Delhi and Gurgaon.
Cr Dr
Delhi 1000
Gurgaon 1000

gete

ssingla wrote:

AFAIK Transfer Accounting has two dimensions:
a) Internal Transfer : Transfer Cost/Price between locations within same company and resulting unrealized gain/loss. Use : Internal - Profit/Cost Centre profitability statement.

1. If the value goes to Unrealized gains/ loses then what is the use of increase item cost in Transfer order ?

2. suppose i increased the cost and posted that transfer order , then Unrealized gains/ loses accounts will effect for the excess cost.

ssingla wrote:

Use : Internal - Profit/Cost Centre profitability statement.

how to get this Internal - Profit/Cost Centre profitability statement


Please let me know.

ssingla

gete wrote:

1. If the value goes to Unrealized gains/ loses then what is the use of increase item cost in Transfer order ?

For calculation of duties and taxes. Further to make the decision : whether to purchase locally or transfer.

gete wrote:

how to get this Internal - Profit/Cost Centre profitability statement

The unit transferring the goods will have a credit entry representing the unrealized profit which can be used in MIS. ForMIS you can use Account Schedule.