Accounting entries during production cycle

Hi
Can someone tell me what are the accounting entries that take place during production from one process to another? Where is the accounts configured?
Thanks

Anyone?

Similar Messages

  • Accounting entries during process change in production

    Hi
    Can someone tell me what will the accounting entries be during a production cycle from one process to another?
    For example.. raw materials first put into first process of production... then second process and so on....
    how are the WIP account and Semi finished account used?
    Thanks

    Cost of Good Manufactured.
    At the time of WIP Calculation
    Work in process Ac--DR
    TO Change in stock ac
    At the time of settlement
    Change in stock ---DR
    TO WIP Ac
    Best Regards
    Ashish Jain
    Message was edited by:
            Ashish Bohara

  • Want Accounting Entries for Sales Cycle and Procurement Process in SAP

    Hello Gurus,
    Can some one kindly send me the accounting entries happens during Sales Cycle and Procurement Process in SAP.I will be very helpful if i get this by Friday ( tomarrow).Its a request.
    Thanks,
    B
    Moderator: Read and respect the rules of the forum

    You can visit the following link.
    http://www.sap-img.com/financial/inventory-accounting-entries.htm
    Also, before posting here, you should do a search in here or in Google.  You would get most of your answers by searching in Google or any search engine.
    One more thing.  Timelines are not permitted in these forums.
    Cheers,
    Ravi.

  • Accounting Entries during MIRO for a WBS Purchase order - reg

    Hi,
    I have created a Purchase order with account assignment as Project and attached a WBS element in the Account assignment tab. There is no GR involved in this PO.
    When  i am trying to do the Invoice verification, it generates the accounting entries as follows
    Vendor G/L account Credited
    GR/IR account with Zero value
    G/L account assigned to WBS element Debited.
    In actual i dont want to see the GR/IR account with zero values  as an additional entry as it does not makes sense to have an entry with a zero value.
    Please expedite with your valuable suggestions to eradicate the unnecessary entry of GR/IR during invoice posting.
    Regards,
    RitiG

    HI,
    I hope so ,there might be a problem at the PO creation Level.
    an Account assigned PO can be Payed directly by MIRO.
    But the folloeing setting has to be Made .
    IN the Delivery Tab,uncheck the GR Tick Mak
    and in the Invoice Tab GR IV tick Mark.
    if these Ticks are unchecked ,then it would be a pure PO based IV and the posting should be in the Following Manner
    Vendor
    GL -- COnsumption..WHich is maintained in PO
    + any TAX related GLS that are affects do due to TDS(withholding ) or TAXINN
    HOpe so it helps
    Regards
    Anjanna

  • Accounting Entries During RMA (Inclusive VAT)

    Can any bdy please let me know, what all accounting entries will get generate during RMA, (Inclusive VAT Accounting Entries)
    Thanks in advance....
    Thanks & regards,
    Ankur Dawra

    Hi,
    I am not sure whether I got your question correctly.
    Which Tax Procedure are you using?
    If its TAXINJ, then create a PO with a 0% taxcode & as you mentioned change the base amount during MIGO & post the excise. In case of VAT, at the time of MIRO select a VAT tax code manually & enter the amount in MIRO on which you want to calculate VAT.
    System will calculate the tax on the amount you enter & will post the same to Separate G/L.
    Hope its clear.
    Regards,

  • 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

  • Serial nos entry during production order confirmation in CO15 - User Exits

    Hi all,
    Is there any user exit existing for a serial nos screen pop-up during production order confirmation.
    Regards,
    Sravan Kumar V

    Hi,
    For serial numbers at the time of goods receipt, u have to activate sr. no. mgt for that particular finished product. This can be done by assigning sr. no. profile in the material master record of that material in work scheduling view. once this is done , system will automatically prompt for sr. nos at the time of goods receipt. I am not aware about any user exit.
    Thanks & Regards,
    Vijay Patil

  • Account entry in import cycle

    Hi,
    In import purchase which GL will determined during MIRO and MIGO for CVD and custom duty if procurement is ASSET (where we assign "A" as account assignment in import purchase order).
    Regards
    Mani

    Dear,
    For Import Procurement of Raw Material
                During Customs Duty Clearing invoice
                                        Custom Clearing         Dr.
                                        Custom Payable                      Cr.
                During GR
                                        Asset\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.
    Thanks & regards
    Varun Bisaria

  • Account Entries During outgoing Excise inv creation

    Hi All,
    When Billing Document is created, Corresponding A/C Entry - (GL A/Cs from VKOA & Tax Codes)
    Customer A/C Dr. (Recon GL – BS – Current Assets)
    To Sales A/C (P&L GL – Income)
    To BED. Recovered A/C / Cenvat Suspense A/C
    To E.Cess Recovered A/C / Cenvat Suspense A/C
    To S&H E.Cess Recovered A/C / Cenvat Suspense A/C
    When BED / E.Cess / S&H E.Cess Recovered A/Cs are used - These are P&L A/Cs & Grouped as Income A/Cs in FS Version.
    When Cenvat Suspense A/C is used - It is BS A/C & Grouped in Current Liabilties in FS Version
    When Creation of Excise Invoice - (GL A/Cs against ETT - DLFC)
    E.D Paid A/C / Cenvat Suspense A/C Dr.
    To BED. Payable A/C (BS GL – Current Liabilities)
    To E.Cess Payable A/C (BS GL – Current Liabilities)
    To S&H E.cess Payable A/C (BS GL – Current Liabilities)
    When E.D. Paid A/C (P&L GL - Expenditure)
    When Cenvat Suspense A/C (BS GL - Current Liabilities)
    in some G/L Account there is '/ " for  BS G/L & P&L G/L  May I Know why it ????/& in which case we use BS &  P&L account???????????

    Thxxx BSR
    We may configure the excise collection in two ways.
    1. If we configure cenvat suspense while doing billing document, the same suspense account should be debited while excise invoice generation.
    2. If we configure ED recovered a/c while billing document, excise duty(expenses a/c) to be configured to offset while creating excise invoice.
    Either way you can follow.
    would u pl clarify when should i go for 1 way & when 2???????????. & why there r these two ways?????????
    Thxxx once again

  • Individual purchase order - Accounting entry  with account assignment M

    I want to use the individual purchase order with account assignment M .
    Can someone please tell me what would be the correct accounting entry during GR and during delivery?
    Process is
    Order -> pruchase req -> purchase order -> Goods receipt - > Delivery-> Billing
    During order creation system asks for a consumption account against GBB-VKA
    On GR the below entry is posted .
    Dr GBB-VKA consumption
    Cr WRX GR/IR .
    Is this correct ??
    If so what is the entry after delivery goods issue .

    Hi Hitesh
    I am now wondering if this is possible
    When PO has acct assignment to CC or IO, GR hits consumption
    With Wbse, it can hit to stock account. Am wondering whether it will hit stock account if the PO has acct assignment to sales order...
    I have seen sap notes for this scenario and my memory says I have seen the GR hitting consumption in those notes. There was an issue in scn where price diff upon invoice in such a scenario was not hitting vprs. For that there was sap note.
    Let us hear from others
    Let me tag some stalwarts here. Waman Shirwaicar Szymon FIN Maslowski arturo senosain G Lakshmipathi
    Br. Ajay M

  • Accounting entries generation within the production cycle

    Dear Experts,
      Please which of these steps in the production cycle is or are Accounting Entries generated, and how do I check or see the accounting entries?
    1. Creation of production order
    2. release of production order
    3. confirmation of production orders
    4. posting from quality inspection to unrestricted (mvt type 321)
    5. transfer of stock to sales warehouse (mb1b, mvt type 311)
    6. Technical completion of the order
    7. order settlement (ko88)
    8. closing of the order

    Hi,
    1. Creation of production order
    2. release of production order
    3. confirmation of production orders
    4. posting from quality inspection to unrestricted (mvt type 321)
    5. transfer of stock to sales warehouse (mb1b, mvt type 311)
    6. Technical completion of the order
    7. order settlement (ko88)
    8. closing of the order
    Accounting enries will be generated in step 3 , 5, 7
    Go to CO03--Display Production order
    Click on Tab GotoLists-Documented Goods movement
    Click on the Materrial document --Dispaly material document
    now click on Accounting Documents , You will be displayed Documents in Accountings
    Thanks,
    Rajanikanth

  • Production order settlement (Accounting entries)

    Dear Sapians,
    I need your advice to clear my following confusion:
    I have a finished material which is maintained on Variable price in material master. Assume the price being 100 and only 1 item is in stock currently.
    My production department produces 1 qty of the same material now and the total cost of that comes to 500.
    Now when the finished goods GR is done to store. The material price booked is picked from the current material master price (i.e) 100. The system posts the following entry
    FG Stock A/c Dr 100
       To Cost of good sold 100.
    Now the production department is doing the settlement of the above production order. After settlement my material master price changes from 100 to 300 (i.e) 2*300=600. (I find no accounting entry generated during settlement) What actually happens during settlement?
    When the goods is delivered(PGI) for sale to the customer. (eg) we sell one unit
    The system passes the following entry:
    Cost of goods sold A/c Dr      300
      To FG Stock A/c                    300
    I this above case i feel that my finished goods stock will go negative. 
    Is the above activity correct?.
    I will be greatful if you can explain me the above process completely.
    Regards
    Naveen

    Dear Deepak
    Thanks for all your help. I have assigned the maximum point which i can for your support.
    Actually the accounting entries i was looking for is as follows:
    When 101 is done after production (i.e) GR after production
    FG STock A/c
    To Factory output A/c
    The above entry is posted @ price maintained in the material master.
    When the actual settlement of Production order is done using tcode KO88 the system posts the variance between the material master price and the actual price and posts
    FG Stock A/c DR
    To Factory output A/c 
    (in case of actual cost is more than the material master price)
    OR
    Factory output A/c
    To FG Stock
    (In case of actual cost is less than the material master price)
    Please correct me if i am wrong
    Once again thanks for you time
    Regards
    Naveen

  • Accounting entries for OTC life cycle

    Hi Guys,
    I was wondering if anyone of u can explain me the complete accounting entries that get credited and debited....right from booking an order till reconcilation (the whole OTC life cycle).
    Thanks & Regards,
    Ravi.

    All looks good but there can be exceptions if you introduce two variables:
    1. Invoicing Rules and Acconting Rules. These will affect your accouting in AR (Invoicing Rule will affect your Receivables and Accounting rule will affect the revenue accounting).
    2. If you are on R12, there is Customer acceptance process that will change the accounting on both COGS and Revenue accounting a little bit but the final entry remains the same as you mentioned.
    Forgot to mention: In someones blog on in Metalink's section where customer's documents are uploaded in knowledge base, I found a decent document that can help you with some more information.
    Thanks
    Nagamohan
    Edited by: Nagamohan on Oct 2, 2008 6:11 PM

  • Accounting Entries for Materials Return from Production Order

    Dear Gurus,
    I have a scenario here that a raw material, valuated at moving average = 151 and qty = 100, was issued to a production order last month. Due to some issue the order was not completed for a while and 93 qty was  consumed for the order and because the remaining 7 were excess they were returned to the storage location. By that time the MOV had changed from 151 to 185 and the 7 qty was returned not at 151 (which would be correct) but at 185. This is a wrong accounting entry as it is showing an under consumption for the order.
    Anyone have an idea why the system is doing this because the material should be returned on the price it was issued at so that the accounting entries are knocked off (The accounting entries for return deliveries to vendors are of the same price that they are recieved no matter how ever long a period they are returned). How do we stop the system from doing so and if it cannot be done what is the solution to the scenario.
    Regards,

    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.

  • During goods returns same accounting entry as when good issue

    Hi,
           In our project we have a condition that charge on a provision account during goods receipt of a purchase document. Hers the accounting entries generated is ok. However we also create purchase order with return item. During goods issue (mvt 161) the accounting entries created is same as the goods receipt instead of being the inverse.
    I do not understand how this is determine and will be grateful if you could help me. Thanks.

    hi,
    Check the details and TE key which is hit while 161..
    If its correct then go to OBYC and check the G/L account which is getting hit in the inverse for your transaction...whether it is properly set or not...
    it may be possible that instead of deibt it would be getting credit n visa versa....
    Regards
    Priyanka.P

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