What is goods in transit in SAP CO-PC - Product Cost Controlling?

SAP Term: goods in transit

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: Goods that have been shipped to a customer. When goods are shipped to a customer, the customer does not necessarily become the owner immediately. Until the point where the ownership of a good is transferred to the customer, it must continue to be shown in the supplier's balance sheet even though it is no longer physically present. The value of goods in transit can be calculated in results analysis and capitalized in the balance sheet.

Smart SAP Assistant

• Key Concepts: 
  Goods in transit is a term used in SAP's CO-PC Product Cost Controlling component to refer to goods that have been shipped from one location to another but have not yet been received. This includes goods that are in transit between a vendor and a customer, as well as goods that are in transit between two locations within the same company. 
  
  How to use it: 
  In SAP, goods in transit are tracked using the Goods Movement (MIGO) transaction. This transaction allows users to enter the details of the goods being shipped, including the quantity, the source and destination locations, and any other relevant information. The Goods Movement transaction also allows users to track the status of the goods in transit, such as whether they have been received or not. 
  
  Tips & Tricks: 
  When entering goods in transit into SAP, it is important to ensure that all relevant information is entered accurately. This includes the quantity of goods being shipped, the source and destination locations, and any other relevant information. Additionally, it is important to ensure that all goods in transit are tracked regularly so that their status can be monitored. 
  
  Related Information: 
  For more information on how to use SAP's CO-PC Product Cost Controlling component to track goods in transit, please refer to SAP's official documentation on Goods Movement (MIGO). Additionally, for more tips and tricks on how to effectively use SAP's CO-PC Product Cost Controlling component, please refer to SAP's official documentation on Product Cost Controlling.