Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
Trade in-transit account shows huge excess balance — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Trade in-transit account shows huge excess balance

Received Response
1
Views
1
Comments
edited Oct 29, 2021 5:26PM in Costing 1 comment

Summary:

Trade in-transit account shows huge excess balance in-spite of everything accounted for in receipt accounting.

Content (required):

Trade in transit account gets debited at shipping of transfer orders and credited after receipt.

All values are final accounted for in Cost accounting and Receipt Accounting. There are no pending distributions to be processed in both cost and receipt accounting or any pending errors. There are also no pending intransit orders.

However, GL shows huge excess balance sitting in Trade-In Transit valuation account among various Business Units. This means there is a excess debit from Costing but it has not been accounted for in receiving.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!