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Goods in Transit

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Hi All,

 

Request your help on the below requirement regarding GIT (Goods-In-Transit)

 

We purchase goods from other countries and once the goods are reached port or in transit, we wanted to have an entry with GR like:

 

Dr. GIT (Goods-in-transit)

Cr. GR.IR Clearing

 

And when the goods are actually reached in our plant physically, we would like to have an entry like:

 

Dr. Inventory

Cr. GIT

 

 

 

Our existing scenario is direct post to inventory account and no GIT. Current entry is:

Dr. Inventory

Cr. GR/IR.

 

Can you pls advice how is possible and technical settings for this pls.

 

Thank you

Chandu


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