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Showing newest posts with label SAP MM. Show older posts Showing newest posts with label SAP MM. Show older posts

Accounting Entries for MM, FI related

Labels: SAP FI, SAP FICO, SAP MM

What should be my accounting entry in procurement? For Domestic Procurement of Raw Material During GR Material Stock Dr. GR/IR clearing Cr. During Excise Invoice Credit Cenvat Account Dr. Cenvat Clearing Cr. During Invoice Verification Cenvat Clearing Dr. GR/IR Clearing Dr. Vendor Payable Cr. For Domestic procurement of Capital Goods During GR Material Stock GR/IR clearing During Excise Invoice Credit Cenvat Account Cenvat On-hold Cenvat Clearing During Invoice Verification Cenvat Clearing GR/IR Clearing Vendor Payable Subsequent of Capital Goods Cenvat Account Cenvat On-hold For Import Procurement of Raw Material During Customs Duty Clearing invoice Custom Clearing Custom Payable During GR Material Stock GR/IR clearing During Excise Invoice Credit Cenvat Account Custom Clearing During Invoice Verification GR/IR Clearing Vendor Payable Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Dr. Dr. Dr. Cr Dr. (50%) Cr. (50%) (50%) (50%) Cr.

For Excise Duty Credit of Raw Material without PO Cenvat Account Cenvat Clearing For Excise Duty Reversal through Excise JV Dr. Cr.

Cenvat Clearing Cenvat Account o

Dr. Cr.

What should be my accounting entry when the goods are issued through MM and excise invoice is created (J1IS & J1IV)? During Excise Invoice Creation Cenvat Suspense Account Dr. Cenvat payable Cr. For TR6C Challan PLA Account Dr. PLA on hold Account During Fortnightly Utilization Cenvat payable Dr. Cenvat Account PLA Account

Cr.

Cr. Cr.

Note: Cenvat Suspense Account should be cleared appropriately using FI JV's. o What should be my accounting entry in subcontracting reversal / Recredit? For Subcontracting Challan Reversal Cenvat Reversal Dr. Cenvat Account Cr. For Subcontracting Challan Recredit Cenvat Account Dr. Cenvat Reversal Cr. What should be my accounting entry in SD ? For Factory Sale During Billing Document Customer Account Sales Account Cenvat Suspense Account During Excise Invoice Creation Cenvat Suspense Account Cenvat payable For TR6C Challan PLA Account Dr. PLA on hold Account During Fortnightly Utilization Cenvat payable Dr. Cenvat Account PLA Account For Stock Transfer through SD No Accounting entries for Performa Billing Document During Excise Invoice Creation Dr. Cr. Cr. Dr. Cr.

Cr.

Cr. Cr.

Cenvat Suspense Account Cenvat payable For TR6C Challan PLA Account Dr. PLA on hold Account During Fortnightly Utilization Cenvat payable Dr. Cenvat Account PLA Account

Dr. Cr.

Cr.

Cr. Cr.

Note: Cenvat Suspense Account should be cleared appropriately using FI JV's.

Posted by SAP 1 comments

Accounting Entries related to MM transactions...

Labels: SAP FI, SAP FICO, SAP MM
Initial stock entry: Movement type 561(Receipt per initial entry of stock balances into unrestricted-use) TCODE MB1C FI Document Type - WA 89 Raw material BSX S 91 Initial Stock entry GBB BSA H Physical inventory differences: Movement type 702 (Goods Issue Physical Inventory difference) this is triggered because of the movement type 102, which is given while calculating the difference INV: for expenditure/income from inventory differences TCODE MI07 (MI01 & MI04) FI Document Type WI Inventory differences GBB INV S G/L 99 Raw material BSX H Goods Issue to Production Order: Movement type - 261 (Consumption for order from warehouse) VBR: for internal goods issues (for example, for cost center) TCODE MB1A FI Document Type WA: Goods Issue 81 99 Raw material Consumption Raw material GBB BSX VBR S H 81

In case Movement type given is 201(Consumption for cost center from warehouse), at the time of MB1A system asks for the COST CENTER & GENERAL LEDGER. Here, the account determination happens directly from MB1A and not from the OBYC. Accounting entry will be same as above except the 'Raw material Consumption'; it triggers whatever the GL given. Goods Issue / Delivery: SD Movement type - 601 (Customer delivery) VAX: for goods issues for sales orders without account assignment object (the account is not a cost element) TCODE VL02 FI Document Type WL: Goods Issue/Delivery Mater. consumed/trading GBB VAX S goods without cost element COGS 99 Finished Goods BSX H Goods Receipt: FG PP Movement type - 101 (Goods Receipt) GBB-AUF: for goods receipts for orders (without account assignment) and for order settlement if AUA is not maintained TCODE MB31 Goods Receipt for Production Order FI Document Type - WE: Goods Receipt Finished Goods BSX S Inventory change factory GBB AUF H output COGP Goods Receipt: RM MM Movement type - 101 (Goods Receipt) TCODE MIGO Goods Receipt for Purchase Order FI Document Type - WE: Goods Receipt 89 Raw Material BSX S 96 GR / IR Clearing account WRX H Invoice Receipt: RM MM Movement type - 101 (Goods Receipt) TCODE MIGO Goods Receipt for Purchase Order FI Document Type - WE: Goods Receipt 86 GR / IR Clearing account WRX S 31 Vendor account KBS H KBS is without any account determination and posting keys are 81 & 91. It triggers when there is no material is assigned in the PO at that time. WRX In case of any posting required without material, account determination should be without valuation class. If price changed at the time of IR, then based on the difference in the material price system posts amounts to particular material account and not to the price difference account (this is related to the materials with price control V). Material Valuation: MM Movement type TCODE MR22 Dr/Cr Material material valuation (below given calculation) & MR21: Price Change (Difference amount posts to the material account and calculation is ((New price Old price) * Quantity) FI Document Type PR: Price change Below entry in case of price increase 89 91 81

89 93

Raw material Material Valuation

BSX UMB

S H

Calculation -

Current Stock Value +

Amount given in MR22 / Quantity given in

MR22 * Cr. Quantity

)}
S H VF11 Cancel Billing RW: Reversal of billing BSX UMB

Billing Document: SD TCODE VF01 Billing FI Document Type RV: Billing document transfer 01 50 Customer account Sales Revenue account

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SAP FI: Payment Terms Set Up Example Required URJENTLY SAP Certified (FICO/SD/MM/PP) or... March (1) SAP : Define Substitution February (1) SAP FI: SWIFT Code details January (2) SAP: ASAP Implementation Check List !!! SAP Cutover Activities : Master Data Uploading Str...

2010 (12) o December (2) SAP: FI-AP: Possible F110 Errors !!! SAP: Validation & Substitution o November (1) SAP: HOW TO CHECK THE USER STATUS IN THE TABLE o August (1) SAP: CO - COPA Document not created o July (1) Consolidation SEM BCS Vs EC CS o May (1) IFRS: The Right Next Step for US Business o April (2) Running new GL and traditional GL at the same time... Benefits of New General Ledger over the Classic Ge... o March (3) Finding what tables and fields lie behind an SAP t... SAP: OSS - Finding notes Billing document to COPA partially transferred !! o January (1) Sample Questionarie : For Functional Upgrade to EC... 2009 (70) o December (3) SAP Tables for Technical Consultants & also for Fu... Guidelines for LSMW Data Transfer for PM, MM, and ... SAP Technical Upgrade Tips and Tricks o November (8) SAP - FI AR : Configuration of Dunning - Customer ... How to Configure Reconciliation Account Determinat... How to enable the cache memory in SAP R/3 ? SAP BAI, BAI2 flat file format? Differences between SAP EC-CS and BCS What is this darn Internal Order, many guys keep ... SAP FICO Reports : Most Used & Most Important Why do we need to DEBUG : BREAK POINT : WATCH POIN... o October (8) SAP - FI AR BK: Electronic Bank Reconciliation Reasons for adopting Costing-Based COPA SAP- CO : Some of the Product Cost Approaches SAP - CO : Period End Closing Process SAP - CO : Statistical Key Figures Points for ECC 6.0 FI Certification - NEW GL

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Need to stop depreciation posting on some assets Calculation of Depreciation for Tax for India September (2) Accounting Entries for MM, FI related Product Costing scenario in NUT SHELL : August (11) Key points while PCA configuration: Currency Type for Controlling Area: Difference between Unplanned depreciation and Manu... Accounting Entries related to MM transactions... TCODE: KANK Maintain Number Ranges for Controlling... Step By Step Configuration : Material Ledger Step-by-Step Procedure for Customizing an Electron... FI Document Types: Difference between Cash Sales & Rush Order Difference between VF04 & VF06 Difference between PICKLIST & PUTAWAY LIST July (7) June (27) May (4)

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