OVERVIEW

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The priced stores ledger subsystem of CES offers facilities to

• Extract Receipts and Issues from the Stores
• Value the receipts based on Bill Passing Voucher
• Value the issues on Weighted Average Rate Basis
• Maintain balances of Materials in Priced Stores Ledger on

               Store ( RM, Subcontract, Traded, Production)
               Imported (Duty Paid / Free) Local

• Arrive at the Weighted average rate for Material Groups / Individual items
• Analyse weighted average breakup (Understand Cost Trends)
• Stock Summary (Division/Group)
• Consumption Summary by Division & Material Groups
• Reconciliation of General Ledger with Priced Stores Ledger in terms of

               Purchase Accounting
               Consumption Accounting
MODVAT accounting

• Statutory reports like

               Form 17 statement
               Sec 145 Closing stock value with Excise Duty
Reports from the Priced Stores Ledger System
 
The reports can be subdivided into the following broad categories
 
 

• Ledger Balances / Errors and Exceptions

         Priced Stores Ledger (PW81)
         Ledger Balance Summary (PW84)
         Priced Stores Ledger Summary (PW86)
         Errors in Priced Stores Ledger (PW82)
         Prior Period Returns / Issues (PW85)
         List of New Materials (P113)
 

• Reconciliation with Numerical Stock

         Stock Transfers during a Period (P102)
         Inconsistency between PSL and Stock Statement (P103)
 

• Reconciliation with GL & Excise

         Receipts in Priced Stores Ledger (PW83)
         PSL Receipts vs GL Purchase Reconciliation (P101)
         ED Reconciliation summary (P117)
 

• Weighted Average and Summaries

         Stock Summary (P108)
         Stock summary by group Import/Local (P110)
         Consumption of Standard / Bought out (P109)
         PSL Balance by Ledger (P110)
         Weighted Avg Rates Without Product Grp (P111)
         Weighted Avg Rate breakup (P116)
         Consumption Summary (P114)
                  Consumption Details by Material (P115)
         Sec 145 Closing Stock value with ED (P118)
         Form 17 report
 
 
List of Facilities
 

Priced Stores Ledger (PS00)

Register Standard Bought Out Items (PS31)

Kardex View (PS61)

PSL Set up (PS10)

Work flow

Maintain Presets for PSL (PS01)

Group Materials for the Purpose of PSL (PS02)

Maintain Stock Movement Properties (PS03)

Define and Maintain A/c Derivation Rule (PS04)

Rules for Deriving Analysis Codes (PS05)

Stock Ledger Accounts (PS06)

Stock Ledger A/c Inclusion/Exclusion (PS07)

PSL Monthly Run (PS20)

Register Stock Ledger Parameters (PS11)

Run Priced Stores Ledger (PS12)

Correct FA Stock Movement (PS14)

Maintain Stock Ledger Balance (PS15)

Correct PSL Ledger ID on Stock Movement (PS21)

Kardex (From Stores) for Part / Period (PS63)

PSL REPORTS (PSR0)

Priced Stores Ledger (PW81)

Errors in Priced Stores Ledger (PW82)

Receipts in Priced Stores Ledger (PW83)

Ledger Balance Summary (PW84)

Prior Period Issues / Returns (PW85)

Priced Stores Ledger Summary (PW86)

PSL Rect. Vs. GL Purch Reconciliation (P101)

Stock Transfers during a Period (P102)

Inconsistency bet, PSL and Stock Stmt (P103)

Weighted Average Rates (P107)

Stock Summary (P108)

Stock Summary by Group - Import/LocalStock Summary (P112)

Consumption of Std , Bought Out Items (P109)

PSL Balance Ledger-wise (P110)

Weighted Average Rates W/O Product Grp (P111)

List of New Materials (P113)

Consumption Summary (P114)

Consumption Details by Material (P115)

WA Rate Breakup (P116)

ED reconciliation Report (P117)

SEC 145 CL stock Value (with EXCISE) (P118)

Form 17 Report (P119)

Opening Bal Entry, Genl. Ledger Posting (PS40)

Register PSL Closing Balance (PS13)

Post Stock Ledger (PS16)

Revert Stock Ledger Posting (PS17)