Account Entries Relsted to SD CIN

Dear All,
When i make invoice and post to account it gives right entries like Customer A/c Debited & Sales A/c , Cenvat Suspense A/c , VAT A/c Credited.
But when i creat Excise Invoice in J1IIN with reference to same Billing Document, after creation and save the excise invoice i checked the Account entries but it will show the same Entries which i above mentioned but i think it is wrong, the entries should be Cenvat Suspense A/c Debited to Cenavat Paybale Credited .But it show the same entries why? and also there is no relevance of Customer entrie in Excis invoice.
Plz give me solution .
Awrd points for useful answer.
Thx & Regards,
Pankaj

Hi,
pls verify the methods you used for your requirement .

Similar Messages

Accounting Entries for Consignment - with CIN Entries

Following are steps in consignment sale:
1. Consignment Fill-Up (From factory to consignment agent)
2. Consignment Issue (From consignment to end customer)
3. Consignment Pick up
4. Consignment Returns
I searched in SDN forums. It says that there is no account entries at the time of consignment fill up.
But I want accounting entries in at the time of 'consignment fill up' also.
Entry should be:
Consignee A/c ... Dr (Customer)
   To Consignment Sales contra A/c
Excise Duty Paid A/c.. Dr
   To Excise Duty Payable A/c.
At the time of issue:
Delivery:
Cost of Goods Sold A/c.. Dr
   To Inventory A/c
Billing:
Consignee A/c.. Dr (Customer)
   To Sales A/c
   To VAT Payable A/c
Please help how can i get above entries entries?
Will I have to create two distribution channel for hitting Consignment sales contra A/c (in step1) and Sales A/c (in sept 2)

As you are aware even in normal sales, only when you generate a commercial invoice, customer will get debited. But in the consignment fill up process, you only generate F8 delivery related proforma and hence, your requirement cannot be achieved.
G. Lakshmipathi

CIN - Accounting entry

Dear,
Can any one give me, what are the accounting entries will create while doing cin related documents. i.e when i do migo, miro, excise invoice and return delviery, utilization... i.e which a/c makes dr/cr,. pls provide in detail...

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 proceurement of Capital Goods
            During GR
                                    Material Stock            Dr.
                                    GR/IR clearing                        Cr.
            During Excise Invoice Credit
                                    Cenvat Account          Dr.       (50%)
                                    Cenvat On-hold          Dr.       (50%)
                                    Cenvat Clearing                     Cr.
            During Invoice Verification
                                    Cenvat Clearing         Dr.
                                    GR/IR Clearing           Dr.
                                    Vendor Payable                      Cr
Subsequent of Capital Goods
                                    Cenvat Account          Dr.       (50%)
                                    Cenvat On-hold                      Cr.       (50%)
For Import Procurement of Raw Material
            During Customs Duty Clearing invoice
                                    Custom Clearing         Dr.
                                    Custom Payable                      Cr.
            During GR
                                    Material Stock            Dr.
                                    GR/IR clearing                        Cr.
            During Excise Invoice Credit
                                    Cenvat Account          Dr.
                                    Custom Clearing                     Cr.
            During Invoice Verification
                                    GR/IR Clearing           Dr.
                                    Vendor Payable                      Cr.
For Excise Duty Credit of Raw Material without PO
                                    Cenvat Account          Dr.
                                    Cenvat Clearing                     Cr.
For Excise Duty Reversal through Excise JV
                                    Cenvat Clearing         Dr.
                                    Cenvat Account                      Cr.
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              Cr.
During Fortnightly Utilization
Cenvat payable           Dr.
Cenvat Account                       Cr.
PLA Account                           Cr.
Note: Cenvat Suspense Account should be cleared apprpiately using FI JV's.
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.
Accounting entry in SD
For Factory Sale
During Billing Document
                        Customer Account                  Dr.
                        Sales Account                                      Cr.
                        Cenvat Suspense Account                   Cr.
During Excise Invoice Creation
                        Cenvat Suspense Account       Dr.
                        Cenvat payable                                   Cr.
For TR6C Challan
PLA Account               Dr.
PLA on hold Account              Cr.
During Fortnightly Utilization
Cenvat payable           Dr.
Cenvat Account                       Cr.
PLA Account                           Cr. For Stock Transfer through SD
No Accounting entries for Performa Billing Document
During Excise Invoice Creation
                        Cenvat Suspense Account       Dr.
                        Cenvat payable                                   Cr.
For TR6C Challan
PLA Account               Dr.
PLA on hold Account              Cr.
During Fortnightly Utilization
Cenvat payable           Dr.
Cenvat Account                       Cr.
PLA Account                           Cr.
Note: Cenvat Suspense Account should be cleared apprpiately using FI JV's.
Edited by: vijay shukla on Aug 28, 2008 9:50 AM

CIN Accounting entries

Hi All
I have a problem while doing excise invoicing. At the time of GR excise invoice is captured. The BED and SED accounts are deitted and CENVAT clearance account is credited..
During MIRO when i refer same PO and do , the accounting entries dispyed while simulating are onle
vendor account credited and GR/IR debited. here NO CENVAT CLEARANCE ACCOUNT DEBTED is showing.
Cenvat clearance is not happening at the time of doing MIRO. I am entering BED and AED values in MIGO item level.
Pls suggest ur reponse , so i can correct this.
Thanks in advance
regards
B Shar
Edited by: Scorpio n on Feb 1, 2008 9:12 AM
Edited by: Scorpio n on Feb 1, 2008 10:22 AM
Edited by: Scorpio n on Feb 1, 2008 11:16 AM

Hi,
When doing MIGO , if you select capture excise invoice, then only duties are captured and they r not posted to respective GL accounts.
So either select Capture & Post Excise invoice in MIGO or goto j1iex,select post excise invoice wrt to GR.
Then go to MIRO and work..
Hope it works..
Regards,
Smitha

Accounting Entry for Depot Excise Invoice

Hi Gurus
We make a STO from factory to depot. I have posted the depot excise invoice via J1IJ but Im unable to see the accounting entry for the excise invoice..
Im able to see the acounting entry for excise invoice for factory sales thru J1IIN..
Pls advise
Rgds..Vinz

Hi Vinz,
I would like to explore more for ur info.
When u create Excise invoice at Factory Using J1iin, accounting entries flow to the system. When u transfer it to Depot, u credit the Excise amount using MIRO and post it to RG23D ( Depot Register)
The value of the excise for which u have taken credit from ur factory would be passed on to customer now.
If you notice carefully, when u take credit of Excise entry in RG23d No accounting entry flows in the system, only value & qty gets updated to Register.
Generally, while deciding the selling price from depot u consider Basic price + Excise duty. since u are passing on the excise benefit to customer, using proforma excise invoice (transaction J1IJ)
So there is no wuestion of accounting entries.
Hey CIN Gurus.. correct me if i am haveing any misconcepts regarding this.
Hope this is clear to you now..
Reward if helpful..

Accounting entries in STO ??

hii
I want to know the exactly STO process with CIN accounting entries in manufacturing plant and in DEPOT plant .
In manufacturing plant RG1 register will get updated ??
ANd In DEPOT plant , RG23D register will get updated ??
Explain me with accounting entries in Manufacturing plant and DEPOT plant for STO process.
Thanks

Hi
A similar answer I had already given
RG1 is updated ony in manufacturing plant not in Depo. In depo we update only RG23D
Process Flow
Step 1 - Creation of Stock Transport Order.
In ME21N, mention the Issuing Plant. Please check the item tab Invoice and see the Tax juridiction code as IN00. Check and Save the PO. (No excise accounting entries)
Step 2 u2013 Transfer Posting
Do the transfer posting in MB1B with proper Plant selection and movement type 351. Refer the PO and adopt the details. Note the Material document number. (No excise entry)
Step 3 u2013 Creation of Excise Invoice
Create Excise Invoice for other movements in J1IS. Select the document type as MATD. See that the system is automatically creating the Invoice. Note the Excise Invoice Number and FI document number created by the system.
(Excise duty payable credit and cenvat suspense account debit)
Step 4 u2013 Print of Excise Invoice
The Transaction code is J1IV. Save the document and take the print.
Now the Material is reached at 2nd Plant. The activities at that Plants are :
Step 5 u2013 Capturing of Excise Invoice
Its an ordinary J1IEX transaction. Capture the Invoice against the stock Transport Order. See that Plant 2 is automatically appeared. Enter the required detail and save the document and note the internal number.
Step 6 u2013 Goods Receipt
It is also an ordinary MIGO transaction. Enter the excise invoice details, save the document and note the material document number.
Step 7 u2013 Posting the Excise Invoice
J1IED - (Here no cenvat accounting since it is a trading plant. Only there will be entry in RG23D register.) Your excise invoice is stored in register only)
In step-3 the cenvat suspense account which was triggered need to be cleared manually.
Legally Depo plants should not create excise invoice. It can pass on the excise invoice and value which they have recieved from manufacturing plant. it means in case if the material goes out from that place to another place or customer it will carry the invoice which was generated in Step-3
Hope you are clear
Regards
Antony

No Accounting entry generated at J2I8

Hi all
I have an issue where I am trying to execute J2I8 but no accounting entry is getting generated at this screen. When I click on transfer credit, I get the message "Accounting Docs and Part 2 entries created. SERIAL NO: = 00000011.
But when I go to FB03 and check the entry, I dont see any entry.
Can any1 guide me as to where I am going wrong.
Thxs in advance
Hrishi

Dear Hrishi
Pl check the no. range of CIN area i.e. spro->lg->tax and goods movement->india>tools>no.range as pre object j_1irg23c1/c2 - set the no.
wbr
Avijit

Accounting Entry getting passed in case of Make to Order Scenario

Hi Experts,
In Make to Order scenario, as per my knowledge, when the goods is recieved from Production Order the Accounting entry gets passed is Inventory A/c Debit and Cost of Goods Produced Credit.
But how is Cost of Goods Produced, which is an expense, gets crebited? I am confused, because the above entry will create a credit balance to an expense account. Can anybody clarify this please?
Thanks and Regards,
Sameer Joshi

Thanks for the reply.
Do you mean that at the time of PGI, when the entry is posted to COGS, the amount of COP will also get transferred to COGS and then the whole amount will be posted at PGI?
Thanks and Regards,
Sameer

Accounting Entries hit in Third party Sales Process

Hi,
Can anybody tell which accounting entries are hit when we create the following entries in third party sales process
1.When Sales Order is created.
2.When PR is Created
3.When ME21N is done
4.MIGO
5.MIRO
please provide your valuable suggestion..
Thanks...

Hi,
1. When Sales Order is created.
No FI Entry
2. When PR is Created
No FI Entry
3. When ME21N is done
No FI Entry
4. MIGO
(GBB-VAY) COGS - 3rd Party A/c - Dr
(WRX) GR/IR Clearing A/c - Cr
5. MIRO
Vendor Account - Cr
GR/IR Clearing A/c - Dr
6. VF01
Customer Account - Dr
Sales Revenue A/c - Cr

GR/IR Revaluation Accounting Entries

I need the related accounting entries for eg. I assume at goods receipt, the foreign denominated PO would be received and recorded in local currency at the current u201Cspotu201D exchange rate loaded into the system. My questions are:
1) Is the GR/IR revalued at each period end for changes in the balance sheet rate of foreign denominated items?
2) What value is relieved when the Invoice Receipt is matched to the GR/IR item u2013 the original goods receipt amount, the revalued amount, or something different?

Hi,
1) Yes, the GR/IR can be revalued at each period end for changes in the balance sheet rate of foreign denominated items.
2) While clearing the GR/IR account the clearing currency can be defined, so the clearing can happen at foreign currency also. The original amount is compared for GR and IR.
Regards,
Gaurav

While "Invoice Cancelling- Accounting entry not effected in Trial balance"

Dear All,
Any one knows this please revert back.this Issue is very urgent (We have to Close the Periods)
Issue: While "Invoice Cancelling- Accounting entry not effected in Trial balance"
Invoice which is cancelled and accounting events for Invoice & Cancellation is taken place, but the entry for cancellation is not appearing in the GL Hence the reversal effect of expense is not seen.
I can able to see the Reversal Entry in Payables > Reports > View Accounting A
Here > Tools > View Accounting Events > View Journal Entries > Show Addtional Information > Transfer to GL Status is "No" after that i have Run the Transfer Journal Entries to GL even its not appearing in GL and not transfer to GL.
@Have to Resolve this as soon as possilble, plz any one can lets guide me
Reagrds,
senthil

Plz Update this asap.....

Missing Accounting Entry ( rcv_receiving_sub_ledger & rcv_Accounting_Event)

Hello,
Any help is highly appreciated. Below is our problem.
We have a PO which was reveived in Oct-11 and somehow( a bug maybe ) There was no RECEIVE accounting entries created for this PO.
Now we are trying to re-create the accounting entries for this receipt and post them in DEC-11
For October we did a manual JE to balance.
I've a open SR with Oracle but not getting solution. Here are the steps analyst described.
1.) Update transaction date in rcv_trx table to december date (lets say sysdate)
2.) Then run a code where it calls this API.
     RCV_AccrualAccounting_GRP.Create_AccountingEvents(
               p_api_version => 1.0,
               p_source_type => 'RECEIVING',
               p_rcv_transaction_id =>l_parent_trx_id,
               --p_direct_delivery_flag=>l_direct_delivery_flag,
               --p_gl_group_id          => l_je_group_id
               x_return_status => l_return_status,
               x_msg_count => l_msg_count,
               x_msg_data => l_msg_data
And this fails even though the periods are OPEN.
Here is the log file:
Receipt_TXN : 6156606
PO Header ID : 452874
Consigned PO : N
Error ocurred while creating Accounting
l_msg_count : 1
l_msg_data : FND FND_AS_UNEXPECTED_ERROR N PKG_NAME RCV_AccEvents_PVT N PROCEDURE_NAME Create_ReceivingEventStatement -50 N ERROR_TEXT ORA-01403: no data found
Receipt_TXN : 6156593
PO Header ID : 453806
Consigned PO : N
Error ocurred while creating Accounting
l_msg_count : 2
l_msg_data :
Thanks

Hi
Found the issue, Silly mistake.
Code had "fnd_client_info.set_org_context" for initialization, It should be mo_global.set_policy_context since we are on R12.
Thanks
Manu

Accounting entry not posted but MBEW table shows total stock and value

Hi
My R/3 version 4.7
I have a material which is stockable and valuated of material type ERSA(Spare parts)
This material was created in may 2007 and material ledger activated,i dont see master records in accounting view in material price analysis tab for the month may 07 till aug 07,and i see master recordsfor the month sep 07 till jan 08
For this particular material in the report MB51 for all the 3 material documents posted,there are no accounting entries in accounting document.
Also in the report output the field amount in local currency is zero for all the 3 material documents.
1.1st material document with mvt 202 for qty 1 posted in the month of may 07,no entries in acc.doc
In this case,MSEG-DMBTR(amount in local currency) was not updated
Also i dont see master records for this period in accounting view in material price analysis tab,in material master.
2.2nd material document with mvt 261 posted for qty 1 in the month of nov,no entries in acc.doc
In this case,MSEG-DMBTR(amount in local currency)was not updated.
I see master records for this period in accounting view in material price analysis tab with stock 1 qty and value zero
3.3rd material document with mvt 101 posted qty 1 in the month of dec,in this case once GR is done MSEG-DMBTR(amount in local currency) was not updated,but mbew has the entries for stock and value.
Can any one let me know why the system is not updating the mseg-dmbtr and as well affecting MB51 report
Regards
Ratha

The settings in Customizing which define that no negative stocks are allowed for the storage type, have only an effect on the transfer orders. In addition, you must also set message L9040 as an error message. For this, call up the Customizing and branch to: 'Logistics Execution -> Warehouse Management -> Interfaces -> Inventory Management -> Allow negative Stocks in Interim Storage Types'. There, execute point 'Control of System Messages in Warehouse Management' and enter message type 'E' for message number L9040

Accounting entry against Excise invoice not created for Service Tax sales

Dear all,
I am facing one problem related to accounting entry against excise invoice not created, for service tax sales scenario in SEZ plant.
Accounting entry against billing document is generated,which contains revenue account-Debit entry,service tax 10% --Debit entry,ECS-Service tax 2% --Debit entry, SECess Service Tax 1% --Debit entry & Sundry Debtors (Reco) - Domestic(Customer receivable reconciallation) account-Credit entry.
But after generating excise invoice, accouning entries not generated for clearing of Cenvat suspense entry(i.e.service tax 10% ,ECS-Service tax 2% , SECess Service Tax 1%) which is generated during billing document.
Plz. suggest step by step guideline to resolve this issue.
Thanks & Regards,
Mukesh Pardeshi

Hi ReazuddinMD,
thanks for your reply and support...I checked all the entries/accounts maintained correct.. but the Accounting entrys against Excise invoice not created..
Now i am geeting error as below at the time of saving Excise invoice,
No account is specified in item 0000000001
Message no. F5670
Diagnosis
No account was specified for account type "S" in item "0000000001" of the FI/CO document.
System Response
The Financial Accounting program cannot process the document.
Procedure
A system error has probably occurred in the application you called up. Check the data transferred to item "0000000001" of the FI/CO document.

Process flow of excise duty from procurement to sales accounting entry with amount.

Dear Expert ,
Kindly any one help the process flow of excise duty calculation from procurement to sales accounting entry with amount. for example.- if material amount is Rs. 10,0000 and excise duty is 8% , edu ecss 2 % , and sec ecss 1%. I want know the accounting entry on- MIGO, J1IEX, MIRO, F-43 AND , PGI, BILLING DOCUMENT, J1IJ , TR6 CHALLAN, J2IUN.
Regards
Akshaya

Hi,
In case of
A. Procurement : there are two types of procurement viz. Local and Import
LOCAL
1. MIGO
Inventory A/c Dr
To GR?IR
2. J1IEX
CENVAT Receivable (Basic) A/c - Dr
CENVATReceivable (Ecess) A/c - Dr
CENVAT Receivable (S & H) A/c - Dr
To CENVAT Clearing
3. MIRO
CENVAT Clearing A/c - Dr
To Vendor A/chrough
4. F-43
No excise entry through SAP direct posting but through manual posting in case using TAXINN procedure.
5. TR6 Challan
PLA Payment (Basic) A/c - Dr
PLA Payment (Ecess) A/c - Dr
PLA Payment (S & H) A/c - Dr
To PLA on Hold A/c
IMPORT
1. MIRO
ECS+SECS on Cus+CVD A/c Dr (consists of ECS on custm+cvd and S & H on custm+cvd)
CVD Clearing A/c Dr (consists of Additional Duty CVD and CVD)
Customs Clearing A/c Dr (consists of Basic Customs)
To Customs Vendor
2. MIGO
Inventory A/c - Dr
To GR/IR A/c
To Customs Clearing (consists of Basic Customs)
To ECS+SECS on Cus+CVD (consists of ECS on custm+cvd and S & H on custm+cvd)
3. J1IEX
CENVAT Receivable (Basic) A/c - Dr
CENVATReceivable (Ecess) A/c - Dr
CENVAT Receivable (S & H) A/c - Dr
To CVD Clearing
4. F-43
No excise entry through SAP direct posting but through manual posting in case using TAXINN procedure.
5. TR6 Challan
PLA Payment (Basic) A/c - Dr
PLA Payment (Ecess) A/c - Dr
PLA Payment (S & H) A/c - Dr
To PLA on Hold A/c
Sales
1. PGI
COGS A/c Dr
To Inventory
2. Billing Document
Excise
ED Suspense A/c Dr
To Liability for BED
To Liability for ECS
To Liability for S & H
Customer
Customer A/c Dr
To ED Suspense A/c
To Revenue
To VAT / CST
Hope your doubts are clear.
Regards,
Tejas

Account Entries Relsted to SD CIN

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