Accounting enrty for Check receipt for scrap sale in FBCJ - Cash Journal

Dear All Experts,
Good Morning !
I have to setup a business transaction where my user is getting a cheque for miscellaneous incomes. Like scrap sale, commission received. Currently need to setup for above to scenario's.
1 ) Scrap Sale.
2 ) Commission Received.
Can I have experts help for setting up these transaction ? And what would be accounting enrty will be for this with posting keys.
Exprts guidance / help will be very much appreciable.
Thank you !
Regards,
Revati Joshi.

The actual accounting entry will be
Bank A/c Dr
To Scrap sales/Misce. Income
If you do not have the Business transactions set up for "Misce. Income or Scrap sales revenue....please add them in FBCJC2.
Your problem would solve with this
Thanks

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Please help me.I need a BAPI/FM for Split Postings in the Cash Journal(Transaction FBCJ).The FM(FBCJ_POST and FBCJ_POST_ALL) which is used on this transaction is not released so i can not use that FM.
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Re: FBCJ posting problem with coding
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Section Code for Scrap Sales -

Dear Friends,
We are handling the TCS calculation on scrap sales through withholding tax codes. Entries are flowing perfectly to finance. But section code is not captured in the billing document. How we will get the section code in sale order or billing document.
While generating tax remittance challan through J1INCHLC am getting this error:
No unpaid tax lines exist for the given selection criteria.
Message no. 8I702
Diagnosis
The corresponding withholding tax line &1& is not present in WITH_ITEM table.
System Response
For withholding tax recovered from the vendor, tax line is present in table BSIS, but the corresponding entry is missing in table WITH_ITEM , which is necessary for challan updation. Check the entries.
Procedure
check entries in table WITH_ITEM for the open tax items chosen for clearing.
Thanks
Isaac

Hi Issac,
I am facing the same problem that of yours.
I have already applied Notes 1168591, 1224778 too.
Still it is showing the same error. If you have rectified the same. Please inform the steps.
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Tax Collected at source for Scrap sales in India

Hi Experts,
We are implementing the scrap sales process to our client. So we need to configure the "tax collected at source" process. We have configured the following steps as per the OSS Note specified for TCS:
1. Define Withholding Tax key (206C)
2. Define Withholding Tax type
3. Create the access sequence for withholding for TCS in SD
(Copy the existing access sequence J1AW and create the new access sequence)
4. Create condition types corresponding to Tax collected at Source in SD
5. Assign withholding tax types to SD condition types
6. Define withholding tax codes
7. Assign GL accounts for withholding tax types
8. Add TCS conditions in pricing procedure
9. creating non statistical new condition types and added them to the SD pricing procedure.
10.Create the account keys for non statistical condition types and assign them in the pricing procedure.
11. assign the G/L accounts for the new account keys in VKOA.
after this when we try to post the invoice we get the error as "posting keys are missing for the transaction ZTC" (ZTC is our account key).
To solve this error we have made the configuration for this account key in OBCN and then in OB40. So the previous error was resolved.
But after that we are getting the error as tax code is not defined in ZTAXIN procedure.
Please guide us how to resolve this issue and also suggest us how to post the values in to the Withholding tax related GL accounts.
Any help will be greatly appreciated.
Thanks & regards
Nag

Dear Experts,
THanks for your feedback.
Just for your information we are using the calculation procedure ZTAXIN (Copy of TAXINN). In this scenario, for example we are using the Tax code as "A0". This tax code is already assigned in the VK11 against TCS COndition type JTCS as per OSS Note.
But after that also we are facing this issue. Due to this the Accounting entry in SD also not getting posted nor in Withholding tax related GL accounts also.
ALso please suggest us how to get the TCS Certificate
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How to create print document for payment to customer through cash journal

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I have a problem with print document from cash journal. I enter a payment to customer (when I turn the money to customer) and the system makes right posting, but when I try to print this point, system printing document for incom from customer. I'm using business transaction for customer posting in cash journal. I would like to know how I have to manage this posting - payment to customer, or incoming from vendor (returnes advances from emploee)?

Hi,
please check whether the two solutions below work:
1. create a contract with milestone billing plan where there are only down payment billings, so that on the basis of the contract you can generate down payment requests and then relevant down payments, release the contract to a sales order which can then be delivered and billed, manually clear the billing document with the down payments
2. from FI module, create down payment requests via t-code F-37 directly, and then down payment posting, generate sales order directly, and then deliver and bill, manually clear the billing document with the down payments

Cash sales directly to cash journal

Hi All,
I need help in this exit. Once sales invoice is created that will post to accounting .I want to posting that to cash journal automatically at that time of creating accounting document. This is possible only through enhancement. I tried with exit SDVFX004 but it is not successful.
Regards,
Madhu.

At the header level the copying requirements should be 003 - Header/delivery related.
reference number should be E. All others blank.
At the item level
Copying reqmts - 004
Data VBRK/VBRP 001
billing qty B
POS/NEG QTY +
Pricing type C
All other fiels should be blank.
regds
Jude

Error in Account Determination for WHT Sales Order

Hi
I am doing VF02. I gave billing document number. But its telling, error in account determination (Message No. VF051).
I went to VA02, entered sales order number and did analysis of account determination. But i am unable to find any analysis for the item in sales order.
This is only in case where i am using J1W1 condition for WHT to be deducted by customer. GL account is maintained in WHT Setting in FI
Edited by: Deepak Agrawal on Jul 28, 2010 3:47 PM

VKOA error was there

Account group for sales representative

Hi experts,
Is there any account group for sales representative in standard SAP?
Unlike customer do we need to create sales representative without account group?
If I want to use partner function sales representative, what is the process?
Thanks in advance
Shiv

Hi,
There is no account group for the sales representative in standard SAP. Instead u can use " employee responsible(ER)" partner function as a Sales Representative.
the same process u can opt. But here in partner determination u need to use for Sales Document Header . which is 2nd one in partner determination Procedure. u can see that but i think already exist in that procedure make it mandatory so that when ever the Sales Document of that type is raised then the system will ask u " employee responsible" person. ex: if u want to make for Standard Sales Order then u take the "TA" Partner Determination Procedure. and make as mandatory field for the partner function (ER).
the above said is one way and the another way is to take one partner function(sh,bp,py,etc) and copy it and put as "Sales Representative" and assign it to the partner determination procedure for the Customer and create the sales representative and assign it to the customer master . this way also u can work out..
I think these are sufficient to solve ur issue..
if u want other than this let me know..
Reward if Helpful..
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Praveen Kumar.D

Create check lot for cash journal

I need to create the check lot in order to link this to cash journal.
Currently we are using the check lot to pay vendors (AP) and the doc
type KZ is triggered and other payments through GL which gives doc type
PV.
Now I will need to create a check lot in order for receiving a check
into my petty cash through the cash journal.
Usually, the steps involved is via FCHI, FCH5 and lastly FBZ5.
How do I ensure that when a check is issued from our bank to cash
journal and I record this in FBCJ, the doc type triggered is also PV.
Another problem is that we require the payment advice to be created for
the check issued via FBZ5.
Regards.

Can't it be routed through one time vendor account
issue a check to one time account & later in FBCJ do a receipt from the same one time account. So you dont have to create a sepreate check lot for cash journal.
One time account has to be cleared manually.
You dont have to use check related transaction to create the checks sepreately,
Hope this solves your issue.
Revert if not solved in detail.
Thanks,
Chandu
Message was edited by:
Chandu

Condition type used for scrap

hi,
what is the condition type used for scrap in Standard SAP.?Assured points
Best regards,
R.Srinivasan

Dear Srinivasan
Follow the below process:-
1) Go to V/06, either copy the standard or create a new by naming ZTCS and maintain the following:-
- Cond. class::::::::::A
- Calculat.type::::::::A
- Access seq.::::::::::K004
- Manual entries:::::::D
- Item Condition:::::::X
- Text DetPrc::::::::::04
2) Again in V/06, create one more condition type (say ZECT) for Edu.Cess on TCS for which the same values can be maintained as like ZTCS
3) Go to OV34, create an Account key for TCS, say ZTC and ZET for Edu.Cess
4) Go to VK11, input the condition type ZTCS and maintain the required TCS percentage (the combination which you can maintain is for Sales Org / Dis.Channel / Material or as per the requirement demands you). Similarly, you have to maintain the required percentage for Edu.Cess also in VK11
5) Now go to V/08, create a new pricing procedure exclusively for scrap sales and maintain these two condition types there with respective Account Keys
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Please give me the accounting entries for flow of Oder to cash. What are the entries from starting of SD Order to Fianl Customer Payment.
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SRK

The normal entires are as follows (depending on your configuration);
1) Goods issue;
Credit inventory and debit COGS;
2) Billing document;
Debit customer account credit sales accounts;
3) Payment;
Credit customer account and debit cash/ checking account
pls assign points if helpful as a way to say thanks.

Scrap Sales GL , which type of cost centers need to assign in OKB9

Dear Seniors,
G L account : Scrap Sales:
For this GL a/c , cost element created with Cost element category u201C11u201D (Revenues).
Now in OKB9   i want to make assignments:
With each b.area and cost centers.
Now my doubt is :
In OKB9 which type of cost center I need to assign from the below.
1.Cost center should be with
Cost cntr category u201CFu201D (Production)
Or
2.Cost center category u201DVu201D (Sales)
and another doubts is , in Cost center -control tab: Actual revenues check box, should i select or not in any case.
Please clarify my doubt.
Thanks in Adv

Hi,
As scrap sales are revenue to the company, undernoted things to be noted here :
1. The cost element category is V - Sales and the control indicator actual revenues box to be unticked.
     The posting will be statistical for revenue elements.
2. The revenue recognition has to be equally done in VKOA for the account assignment of this account.
3. You can create a seperate order type for scrap sales and a sales pricing procedure in SD.
4. Check whether the scraps are defined to capture Tax Collected at Source, if so, you have to define
     condition types for them too.
5. If the material itself is defined as scrap material then in Material master the Profit Center would have
     been assigned and to capture the revenue assign the scrap sales revenue in VKOA.
Best Regards,
Sadashivan

Scrap sales process flow

Hi all,
What is scralp sales processflow in SAP
From SD to FI
SAPUSER5

Dear,
Cost Accounting Procedure for Scrap and Waste:
In many manufacturing processes, waste and scrap result from:
The processing of materials.
Defective and broken parts.
Absolute stock.
Revisions or abandonment of experimental projects.
Worn out or absolute machinery.
This scrap should be collected and placed in storage for sale to scrap dealers. At the time of sale, the following entry may be made:
Cash (or accounts receivable) xxxx Dr.
       Scrape sales (or factory overhead control) xxxx Cr.
The amount realized from the sale of scrap and waste can be treated in two ways with respect to the income statement:
The amount accumulated in scrap sales may be closed directly to income summary and shown on the income statement under other income.
The amount may be credited to factory overhead control, thus reducing the total factory overhead expense and thereby the cost of goods manufactured.
When scrap is collected from a job or department, the amount realized form the sale of scrap is often treated as a reduction in the materials cost charged to the individual job or product. In this case, the entry to record the sale would be:
Cash (or accounts receivable) xxxx Dr.
                                          Work in process    xxxx Cr.
When the quantity and value of scrap materials is relatively high, it should be stored in designated place under the supervision of a storekeeper. A scrap report ( as shown below) is generally prepared in duplicate to authorize transfer and receipt of the scrap.
The original is forwarded to the materials ledger clerk, and a copy remains on file in the department in which the scrape originated. The material ledger clerk can follow tow procedures:
Open a materials ledger card, filling in the quantity only. When the scrap is sold, the entries and treatment of the income item might be handled as discussed previously.
Record not only the quantity but also the value of the scrap delivered to the storekeeper. The value would be based on scrap prices quoted on the market on the time of entry. The entry would be:
Scrap Materials xxxx Dr.
       Scrape Sales (or work in process or overhead control)   xxxx Cr.
When the scrap is sold the entry would be:
Cash (or accounts receivable) xxxx Dr.
       Scrap Materials   xxxx Cr.
Any difference between the price at the time the inventory is recorded and the price realized at the time of sale would be a plus or minus adjustment in the scrap sales account, the work in process account, or the factory over head control account, consistent with the account credited in the first entry.
To reduce accounting for scrap a minimum, often no entry is made until the scrap is actually sold. At that time, cash or accounts receivable is debited while scrap sales is credited. This method is expedient and is justified when a more accurate accounting becomes expensive and burdensome, the scrap value is relatively small, or the price is uncertain.
Proceeds from the sale of scrap in reality a reduction in production cost. As long as the amounts are relatively small, the accounting treatment is not a major consideration. What is important is a effective scrap control system based on periodic reporting to responsible supervisory personnel. Timely scrap reports for each producing department call attention to unexpected items and unusual amounts and should induce prompt corrective actions.
regards

Check Receipt customer in FBCJ error in creating present checks

Hi
I am using check receipt tab for the customer payments in cash journal fbcj.
Entering the transaction details of business transaction"Customer payment", check number, check issuer, bank key, customer number and profit center fileds.
after entering the above details i am able to post the document.
Entry generated:
40 Cash A/c Dr
15 To Customer A/c
after selecting the check,
i posted by selecting the tab "present checks" and entered the business transaction " payment to bank" and the bank G/L account number.
here i am getting an error saying "Balancing field profit center in line item 001 not filled" message no.GLT2201.
Diagnosis "The field Profit Center marked as balancing is not filled with any value in line item 001, even after document splitting."
please suggest a way
with regards
siva

Hi Siva,
Please check possible reasons/solutions:
1) Please check if both GL Accounts are assigned to the same item category i.e. 04000.
Please review note 922743 and correct your customizing in accordance with same.
If not, then consider:
2) This can be the standard design which is explained in note 527179:
"In the follow-on document, however, the system copies this account
assignment to the cash line item.This is not correct since the funds and
the profit centers for the cash line item are to be derived from the G/L
account assigned to cash journal."
So, once the note is applied, the profit center will not be transferred
to the cash journal account. The profit center will be always derived
from the G/L account master record. This is not an error but the
normal system functionality as explained in the note.
You could use a substitution or Open FI to update the Profit Center in
the document posted with cash journal as a possible workaround to solve
this.
I hope it helps.
Best Regards,
Vanessa.

Scrap sales

Can any buddy let me know how do we configure Scrap sales in SD and what is the goods movement type for quality to scrap?
Mail id : [email protected]

Hi,
Scrap can be of following types:
1. Scrap generated from manufacturing.
2. stationary scrap
3. Items rejected while manufacturing which are beyond any repair.
4. Used coolant oil, coton waste, packing material which is not worth using.
etc.
How can scrap come from quality department directly. Any finished goods item rejected in qualtity and which is beyond repair is sent to the scrap yard as scrap. Also in the factory scrap is generated at various work centres.
Any hazardous waste before being disposed off is checked for the toxicity but this is different from quality. If the raw material is costly or of higher grade, the quality of the scrap being generated can fetch you more money.
Configuration:
Scrap also generates revenue for the company. So we sell it and for selling you need to have a finished product, In MM01 create material for scrap, use material type as "FERT" - in MRP screen use MRP type as "ND-No Planning". There will be some costing factors related with scrap also. Save the material.
Pricing:
As per rule the only difference in scrap sales is a new condition type called as "TCS - tax collected at source". I think the rate for this tax is "1.133" or may be it differs also. You will have to add this condition type in the pricing procedure for scrap sales. In VK11 you have to mantain the condition records for this material also.
Reward points if solution helps.
Regards,
Allabaqsh G. Patil

Accounting enrty for Check receipt for scrap sale in FBCJ - Cash Journal

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