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Need to understand correct accounting for internal requisitions of inventory expense items — Cloud Customer Connect
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Need to understand correct accounting for internal requisitions of inventory expense items

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edited Nov 8, 2019 5:16PM in Costing 2 comments

Summary

Need to understand the correct accounting for internal requisitions of inventory expense items

Content

I’m wondering if you can help give me some guidance for my current client. I’m in the process of setting up cost accounting, but can’t find guidance on what the correct setups should be for the following scenarios. Can anyone help?

Overall scenario

We are implementing Inventory Management and Cost Management (Cloud R19D). The client wants to be able to stock purchased items for employees to request via an internal requisition through Self Service Procurement.

In this scenario, the client wants both Inventory Asset and Inventory Expense items to be available through this channel, so cost accounting is needed for both.

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