Standard Operating Procedure SOP Costing PDF
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Summary
This document provides a Standard Operating Procedure (SOP) for costing. It outlines step-by-step instructions for creating purchase orders and processing goods receipts within a business environment. Key procedures include using specific transaction codes (T-codes) and handling various details such as vendor codes, delivery dates, and currency.
Full Transcript
Step 1: T-code ME21N Type of Expenditure: Hap expenditure Ord Vendor Code: XXXXX (F4 for search) Purchase Org 1000 Purchase Group 501 Company code 1000 Cost centre should be either Project \[P\] or Cost Center \[K\] Enter the following details Short text PO quantity Unit Delivery Date --...
Step 1: T-code ME21N Type of Expenditure: Hap expenditure Ord Vendor Code: XXXXX (F4 for search) Purchase Org 1000 Purchase Group 501 Company code 1000 Cost centre should be either Project \[P\] or Cost Center \[K\] Enter the following details Short text PO quantity Unit Delivery Date -- Mostly it should be the last date of the month Net price -- Always base amount Currency- INR Material Group F4 Plant 1000 in case of corporate office Storage location should be either GST (GMILK) or GST (GCMN) Step 2: Goto Account Assignment tab and enter the cost center as either a. Treasury 1001010 b. Costing 1001000 Step 3: Goto India tab and enter the Control code 998311 Step 4: Goto Invoice tab and enter the Tax code Step 5: Goto left top corner Header and move on to conditions to check the invoice amount. The document created will be saved and PO number will be displayed. Step 6: Once the PO is created send a mail for PO release to the concerned team. Step 7: Tcode ME2L Goto Header and check the tab release strategy to check the approval work flow.  Step 8: Tcode MIGO Enter PO number and change the Document date, invoice number as per the invoice. Go to Item ok and mark tick. In case of more than 1 item then select ok for all and then save the document otherwise for each item GRN will be created separately. The invoice amount will be displayed check the amount and press yes. The document will be saved. Go to the right corner and attach the invoice. Step 9: Tcode ME2L Enter the PO number and press F8 Purchase order history tab will display the GRN number, copy that number  Step 10: Tcode CDESK Document List and click on edit button and go to description and add suffix to the GRN number the current fiscal year and Change the status to Plant account.  Click on find button in description enter that GRN number and execute \[F8\] The document should be saved and the GRN number along with PO number and vendor code to be shared to the concerned team for payment process. ME22N for cancellation or block the raised PO
