Reference, date and voucher number
Reference field will be displayed if this is option is activated for the voucher. Give a reference number, if required. Voucher number depends upon the settings in Voucher Type.
Source (Consumption)
Select the name of the Stock Item and the Godown from which it moves or where it is consumed as well as the Quantity, rate and amount. If the rate is specified in the Stock Item master, it will be displayed when you indicate the Item name.
Note: The effect of entry in this part is to reduce stock of the Items specified.
Destination (Production)
Mention the name of the item and the Godown to which the item is moved. It is not necessary that the Item names should match the names in the source part. This is because a totally new Item could be produced out of the materials consumed. You can specify the rate of the Item, Quantity and amount. If the rate is specified in the Stock Item master, it will be brought up when you indicate the Item name.
Note: The effect of entry in the Destination Part is of increasing the stock of the Items specified in this part.
Additional cost details
This is another interesting facility is available for the Destination Godown (Production). You can specify what additional costs were incurred in moving goods to the Godown or for producing them. Though these costs are strictly accounting heads, they do not get posted in the relevant nominal ledger accounts but add to the cost of the Item. In the target Godown, you can specify additional costs incurred without actually affecting accounting. Only the stock value goes up. Hence, it is technically correct where an expense incurred on production or inward has been accounted for in the cost of that item.
After entering the amount for an Item, the following Additional Cost Details entry box pops up.
You may specify additional costs for transferring or producing the item. The typically additional costs are wages, power, freight and so on. Ensure that you have ledger accounts opened for the additional costs. Moreover, additional costs entered for the ledgers, do not reflect in the relevant ledger with the amount but only add to the cost of the item.
Percentage (%-age)
You can specify the additional cost in percentage of the cost of the item, in which case enter the number, for example, 2 for 2% of the cost of the item. You may, alternatively, skip the percentage field and input an amount directly.
Actuals
This displays the total additional cost for the item and the effective cost per unit of item/product produced.