The co88 Diaries
The co88 Diaries
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We use CO88 during the track record as an overnight system then use KO88 if orders desired correction and settlement independently (no point in managing the entire plant to obtain 1 get)
The CO88 settles the particular variances on the order. it helps make a monetary posting. the distinction between system and genuine is not really a economical variety, it is a Management/Assessment price.
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Co88 is essentially similar to ko88, in a variation that it is utilized for collective processing (more than one generation orders).
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Owning reported that, focus on Expense is the "purported to be Expense" as per the above mentioned cost estimate to get a goods receipt for the production get. It can be exactly the goods been given into suppliers multiplied because of the for each device Value as per the valuation system.
CO88 will never post the difference between approach and true values, which can be a evaluate of how very well the purchase is prepared - a difference between approach and precise, shows that BOMs and rountings are Incorrect, or even the estimate for your program is from date - they're manufacturing Manage issues not a postable FI entry.
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Consider the buy status. In the event the status has DLV or TECO, the equilibrium to the purchase will submit to co88 variance. if there is absolutely no DLV nor TECO, then the balance will write-up to WIP.
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The actual fees posted to an order can be roughly than the value with which an buy was credited when the goods receipt was posted. When you compromise, this difference between the debit and credit score in the order is transferred to Monetary Accounting (FI).