{"id":12030,"date":"2015-07-22T11:45:08","date_gmt":"2015-07-22T11:45:08","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=12030"},"modified":"2015-07-22T11:45:08","modified_gmt":"2015-07-22T11:45:08","slug":"subcontracting-process-57f4-in-sage-300-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/07\/22\/subcontracting-process-57f4-in-sage-300-erp\/","title":{"rendered":"Subcontracting Process (57F4) in Sage 300 ERP"},"content":{"rendered":"<p style=\"text-align: justify\">Today, we are going to discuss a new topic which is a part of Indian excise &amp; the same is called as 57F4 &amp; Subcontracting process. For example when we issue a material to any subcontractor we need to keep a track on what type of material is being issued, How much of quantity is being utilize, Pending balance of Quantity &amp; when we are going to receive the material after the processing is completed by subcontractor &amp; in order to keep close monitoring on this process, 57F4 process was implemented.<\/p>\n<p style=\"text-align: justify\">When we send a material to subcontractors for processing we are not required to pay any excise duty because while purchasing of this material we have already taken credit of it &amp; when we send a material outside a factory premises for processing we need to send it with 57F4 Challan<\/p>\n<p style=\"text-align: justify\"><em>New Stuff:\u00a0<\/em><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/07\/21\/migrate-sales-invoice-from-sage-business-vision-to-sage-300-erp\/\" target=\"_blank\">Migrate Sales Invoice from Sage Business Vision to Sage 300 ERP<\/a><\/p>\n<p style=\"text-align: justify\">Now let\u2019s see how the same can be configure in Sage 300 ERP<\/p>\n<p style=\"text-align: justify\">Example: &#8211; Here, we are subcontractor &amp; we receive material From X Company for further processing with a tracking Challan number which we consider as 57F4 Challan.<\/p>\n<p style=\"text-align: justify\">To define this process lets navigate to Excise Module \u2013&gt; M\/E Transaction \u2013&gt; 57F4 Process \u2013&gt; Excise Receipt.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2015\/07\/Vendor5.png\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-12031 size-full\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2015\/07\/Vendor5.png\" alt=\"Vendor\" width=\"590\" height=\"296\" \/><\/a><\/p>\n<p style=\"text-align: justify\">As shown in above screen, this is an inward transaction with Challan number against the materials that we have received from X company, wherein we have to update information in fields like description, Vendor, Challan number, item number, location, Qty.<\/p>\n<p style=\"text-align: justify\">Now we have already receive \u201c100\u201d Kg of material against Challan number \u201cCH00001\u201d &amp; after processing that material we are going to send it back to X company &amp; we have \u00a0to\u00a0close the Challan as well against which we have shown the inward transaction so let\u2019s navigate to Excise Module \u2013&gt; M\/E Transaction \u2013&gt; 57F4 Process \u2013&gt; Excise Shipment<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2015\/07\/Vendor6.png\"><img decoding=\"async\" class=\" size-full wp-image-12032 aligncenter\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2015\/07\/Vendor6.png\" alt=\"Vendor\" width=\"596\" height=\"251\" \/><\/a><\/p>\n<p style=\"text-align: justify\">As shown above after processing we are ready to send the material back to X Company so we will update the same from excise shipment screen &amp; will enter some details like item number, Location, Quantity &amp; as we can see out of 100 Kg we are sending back 90 Kg after processing. But here the most important is closing of Challan &amp; the same is shown below.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2015\/07\/Vendor7.png\"><img decoding=\"async\" class=\" size-full wp-image-12033 aligncenter\" src=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/wp-content\/uploads\/2015\/07\/Vendor7.png\" alt=\"Vendor\" width=\"623\" height=\"302\" \/><\/a><\/p>\n<p style=\"text-align: justify\">After updating details in the Excise shipment, the user will click on F6 button which will show all Challan against which we have received the material from X company &amp; at the end we can see the Challan number \u201cCH00001\u201dwith Quantity Available (Basic) which is 100 Kg &amp; the allocated quantity is 90 kg.<\/p>\n<p style=\"text-align: justify\">After updating details in the Excise shipment, the user will click on F6 button which will show all Challan against which we have received the material from X company &amp; at the end we can see the Challan number \u201cCH00001\u201dwith Quantity Available (Basic) which is 100 Kg &amp; the allocated quantity is 90 kg.<\/p>\n<p style=\"text-align: justify\">And for processing of material we can book an invoice from Accounts Payable \u2013&gt; AP Transaction\u2013&gt;Invoice Entry<\/p>\n<p style=\"text-align: justify\"><strong>Also Read:<\/strong><\/p>\n<p>1. \u00a0<a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/07\/31\/excise-module-tax-configuration\/\" target=\"_blank\">Excise Module- Tax Configuration<\/a><br \/>\n2.\u00a0<a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/07\/15\/statutory-excise-module-configuration-2\/\" target=\"_blank\">Statutory &amp; Excise Module-Configuration-2<\/a><br \/>\n3.\u00a0<a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2014\/06\/30\/statutory-excise-module-configuration-i\/\" target=\"_blank\">Statutory and Excise Module-Configuration-I<\/a><br \/>\n4.\u00a0<a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2012\/09\/28\/transfer-of-excise-duties-along-with-inventory-transfer-in-sage-300-erp\/\" target=\"_blank\">Transfer of Excise duties along with Inventory Transfer in Sage 300 ERP<\/a><\/p>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>Today, we are going to discuss a new topic which is a part of Indian excise &amp; the same is called as 57F4 &amp; Subcontracting process. For example when we issue a material to any subcontractor we need to keep a track on what type of material is being issued, How much of quantity is\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/07\/22\/subcontracting-process-57f4-in-sage-300-erp\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6,918,2357,2445],"class_list":["post-12030","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-excise-receipt","tag-excise-shipment","tag-sage-300-erp","tag-sage-accpac"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Subcontracting Process (57F4) in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/07\/22\/subcontracting-process-57f4-in-sage-300-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subcontracting Process (57F4) in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"Today, we are going to discuss a new topic which is a part of Indian excise &amp; the same is called as 57F4 &amp; Subcontracting process. 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