Accounting Entries During GR

Dear Gurus,
We have activated material ledger with Transaction based price determination. System has posted following 2 accounting entries for GR.
I am Unable to ubderstand why 2 entries.One of doc typpe WE and the other ML.
The PO is an import one MIRO is done twice for this first for del cost and then for Material.
ML Entry--Stock RM 713898.94-
                Price Diff   713898.94
WE Entry--
Stock RM 8061600
GR/IR   6653780-
Price Diff   713898.94-
Prov Frieght1000.06-
Prov Cust Clear 199.95
Prov Cust Clear 665683.08
Prov Insurance 2049.70
Prov Port Charge100.14
DO Fee23288.23
Inland Transport 1599.90
I am able to ubderstand that first entry is something due to Material Ledger.But donot know exactly whay the amounts that is break up.Also how the system determines how much should go to PRD account.I understand basic setteing in OBYC.
Request all also to please share ifany doc for accounting entries for ML?
Can any body explain above entries?
Regards
Raju

Hi Raju,
The entries in the second instance correspond to the condition types in your PO. Please check the condition type settings for the PO.
The system determines the amount to be posted in the PRD account on the basis of your inventory pricing strategy.
Thanks
Anand

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I am now wondering if this is possible
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thanks for your reply and support...I checked all the entries/accounts maintained correct.. but the Accounting entrys against Excise invoice not created..
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No account is specified in item 0000000001
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No account was specified for account type "S" in item "0000000001" of the FI/CO document.
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A system error has probably occurred in the application you called up. Check the data transferred to item "0000000001" of the FI/CO document.

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Accounting entries

Hi All
I have a problem while doing excise invoicing. At the time of GR incoming excise invoice is captured amd posted. 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
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I think cenvat clearance is not happening. I am entering BED and AED values in MIGO item level.
Pls suggest ur reponse , so i can correct this.Rewards assured for your time.
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regards
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Edited by: Scorpio n on Feb 2, 2008 8:38 AM

Hi
I ve maintained the tax cide. Some assignment has to br done, the Cenvat clearance and debit at the tme of Invoicing (MIRO) has to happen.
regards
B Shar

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.
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Then go to MIRO and work..
Hope it works..
Regards,
Smitha

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The System always takes the reconciliation account stored into the Vendor master data.
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Edited by: Soumya Rao on Oct 13, 2011 12:51 PM

Accounting Entries During GR

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