Acquisition Cost Adj txns resulting from Retroactive Price are stamped to the Consign Profile
HI All,
Our customer is using the consigned inventory business flow where they manage separate inventory org for Consigned inventory. The requirement was not to create any accounting entries related to Consigned inventory. (i.e Purchase Order receipt are excluded from accounting)
Hence, we made create accounting as No in Consigned cost profile.
Once consigned inventory is received into consigned originations, it will moved from consigned to own organization using Inter Org transfer. Then all other transactions will be costed and accounted.
But, recently we saw a scenarios where the Procurement team ran the retroactive price update to update the price on the closed PO lines and that has created the Acquisition Cost Adjustment transactions. These transactions are costed, but not accounted(No distributions created) because of cost profile setup.