Accounting Entries for Stockable Expense Item

Hi all
I have set an item as being expensed, inventoried, stockable and
transactable.
When I do a purchase order and a receipt on the item I get the accounting
transactions for the receipt part (debit receiving inv account and credit
inv AP accrual). However, there is no transaction on the deliver part
(normally debit the expense account and credit the receiving inv account).
If the item is set as non inventoried I get the accounting entries for
receipt and deliver.
I believe that we should be able to set an item as expense and stockable and
get the appropriate entries in Oracle Purchasing. What could be the problem?
Thank you.
Belinda Chavremootoo
null

Prakash,
I guess You can create a test Internal Order and check ., shouldnt take a long time

Similar Messages

  • 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..

  • Under Options , Applications There are multiple entries for the same item (Acrobat Document). how can I delete the duplicates?

    Under Options, Applications there are multiple entries for the same item. (Adobe Acrobat) . Three show Adobe Acrobat Reader 9.3 and the other shows (ask) or (save file) with no ability to select Acrobat Reader . Is there a way to edit this list to remove the duplicates and
    the incorrect entry? Adobe installed a very quick update today.

    They are all different. Hover your mouse pointer over each of the "Content Type" descriptions and you should see a "tooltip" to see that each has a different description.
    You need to update your plugins. It is important to keep them updated due to continuing security fixes and improvements in those plug-ins:
    * Adobe Shockwave for Director Netscape plug-in, version 11.5 (you '''<u>may</u>''' need to update)
    * Shockwave Flash 10.1 r53
    * Next Generation Java Plug-in 1.6.0_20 for Mozilla browsers
    #Check your plugin versions: http://www.mozilla.com/en-US/plugincheck/
    #*'''Note: plugin check page does not have information on all plugin versions'''
    #'''Update Shockwave for Director'''
    #*NOTE: this is not the same as Shockwave Flash; this installs the Shockwave Player.
    #*Use Firefox to download and SAVE the installer to your hard drive from the link in the article below (Desktop is a good place so you can find it).
    #*When the download is complete, exit Firefox (File > Exit)
    #*locate and double-click in the installer you just downloaded, let the install complete.
    #*Restart Firefox and check your plugins again.
    #*'''<u>Download link and more information</u>''': http://support.mozilla.com/en-US/kb/Using+the+Shockwave+plugin+with+Firefox
    #'''Update Shockwave Flash'''
    #*Use Firefox to Download and SAVE to your hard drive from the link in article below
    #*SAVE to your Desktop so you can find it
    #*After download completes, close Firefox
    #*Click on the file you just downloaded and install
    #**Note: Vista and Win7 users may need to right-click the installer downloaded and choose "Run as Administrator"
    #**Note: Most browsers other than IE will also get updated with this one download
    #**Note: To update IE, same procedure '''<u>but use IE</u>''' to go: http://fpdownload.macromedia.com/get/flashplayer/current/install_flash_player_ax.exe
    #*After installation, restart Firefox and check your version again.
    #*'''<u>Download link and other information</u>''': https://support.mozilla.com/en-US/kb/Managing+the+Flash+plugin#Updating_Flash
    #* Also see: http://support.mozilla.com/en-US/kb/Installing+the+Flash+plugin
    #* Also see (if needed): http://kb2.adobe.com/cps/191/tn_19166.html#main_Uninstall
    #'''Update Java:'''
    #* Download and update instructions: https://support.mozilla.com/en-US/kb/Using+the+Java+plugin+with+Firefox

  • 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.

  • Accounting Entry for Outgoing Payment

    Dear experts,
    I am currently doing PLD for outgoing payment.  Just want to know how I can include in the disbursement voucher I am doing the accounting entries for this.,  Example:
    Accounts Payable (Control Account)         20,000.00
         Cash in Bank MBTC  (GL account of the chosen Bank account)    20,000.00
    Thanks
    Sandra

    You may check this thread to have a reference:
    Re: Branch Code in a bank transfer summary report
    Thanks,
    Gordon

  • Accounting Entry for Material has Standard Price

    Hi,
    If Material has standard price option, what is the accounting entry for the time of Direct Goods Receipt and from the production.
    Material Value is : Rs. 100/-
    Purchased value is : 90/-
    from production : 110/-
    Thanks in advance

    Hi,
    In STO, material posting with price valuated from issuing plant price. In your case, the transportation cost, you can capture to separate G/L account and pay to transport vendor.(In STO , one plant is vendor and another plant is customer, so a third party vendor involved for material transfer)
    OR else use separate own Custom Condition Type  with Special Condition Category instead of condition type P101 which have Condition Category "G", only responsible to pick  the internal price
    Regards,
    Biju K

  • How to stop Accounting Entries for certain Movement Types

    Hello,
    We are using Movement Type 511 to record free of charge receipts from vendors. Still it is generating Accounting Entries with Standard Material Price.
    Is there any way to stop Accounting Entries for 511 and other Movement Types, where external business partners are involved ?
    I tried IMG Setting "Define Account Grouping for Movement Types", where I did not tick in the field "Value Updates". But it did not work.
    I believe, Account Grouping settings at the level of combination of Plant and Material Type takes precedence. There I have ticked in the field "Value Updates". So even if create a new Movement Type, with no tick in the field "Value Updates", it creates Accounting Entries for free of charge receipts from vendors.
    Is there any way to stop any accounting entries in such cases ?
    Basically I want 311-like movement type, but where external business partners are involved.
    Thanks and Regards

    Hello,
    Thanks to you all for your quick reply.
    I created a new Movement Type - copied it from 511 and made the changes as per your suggestions  - disabled field "Value Update" in "Update Control / WM Movement Types".
    Using MIGO when I try to receive the material, it gives me error "Update Control of Movement Type is Incorrect"
    Any reason for this error ? I have disabled even "Check Account Assignment" in Account Grouping
    Thanks and Regards

  • Wrong Accounting Entry for Rejection Excise Invoice through J1IS

    Dear Experts,
    When we are doing Rejection of Excise Invoice through J1IS, a wrong accounting entry is getting generated by system.
    Where can I check the settings for Accounting Entry for Rejection Excise Invoice?
    Thanks & Regards,
    Reshma

    Generally Excise Invoice for other invoice posting will be done through J1IV after creating Excise Invoice for other Movements in J1IS.
    If Automatic Posting is activated against your excise group then you need not again to post J1IV. It happens along with J1IS.
    By the by how you are returning Excisable goods through Return delivery with Original invoice 122 or through Return Purchase order 161 Movement type.
    Have you entered Excise Rates BED, ECS and SECS in J1IS?
    Elaborate in detail.

  • Accounting entries for Foreign currency revaluation..Accounting entries

    Dear All,
       Can any one tell me the Accounting entries for posting foreign currency and foreign currency revaluation..
    Regards,
    Suresh Patipati.
    Edited by: suresh patipati on Feb 17, 2009 7:45 AM

    Hi,
    I will mention entries from Vendor point of view on that basis you can get the idea.
    1. If there is a Unrealised loss.
    Unrealised loss A/c...............Dr.
    To Balance Sheet Readjustment A/c......Cr.
    2. If there is a Unrealised Gain.
    Balance Sheet Readjustment A/c......Dr.
    To Unrealised Gain A/c.....................Cr.
    3. If there is a Realised Loss.
    Realised Loss A/c......Dr.
    Vendor A/c.................Dr.
    To Bank A/c.......................Cr.
    4.If there is a Realised Gain.
    Vendor A/c..........Dr.
    To Bank A/c....................Cr.
    To Realised Gain A/c.......Cr.
    Best Regards,
    Shridhar

  • Accounting Entries for Order to Cash

    Hi,
    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.
    Thanks,
    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.

  • Accounting entry for MFBF

    Dear Guru,
    When we are doing MFBF ,GI accounting entry is getting generated but the GR accounting entry  for mvt type 131 is not
    getting generated instead its going for mvt type 571.
    Thanks in advance.

    Hi Kamala,
    In the case of sell in the above example, Dr forex postiion account with 100$, but it is essentially Eur 94 and the corresponding amount in local currency which is USD in your case.  If at all it happens that you are selling EUR at the market rate itself such that your amount in local currency for EUR sale and the amount in USD for Buy are same, then there will no gain/loss. 
    But essentially your contract price will be different than the prevailing market price.  In that case there will be gain or loss posted.
    Regards,
    Ravi

  • Very urgent...accounting entries for (excise duty)taxes and duties on sales

    Hi Friends,
    I'd appreciate if anyone would help me out the entries for excise duty and cenvat utilisation during sales.
    During billing document:
    Customer -- dr
    To sales a/c --(cr)
    To CENVAT SUSPENSE AC (CR).
    Now could anyone tell me what kind of account is cenvat suspense account i.e., current asset or current liability.
    Like wise can anyone help me out with the entries of excise invoice creation, TR6C Challan, Entries for Fortnightly utilization etc. that is all the entries until that particular sale is completed.
    It would be greatly useful if you could even specify the kind of account is (for each account possibly) i.e, if the account is an expense or current asset or current liability.
    If anyone possesses a document in regards to the same plz do forward the same to my mail id:
    [email protected]
    regards
    kim.

    Hi!!! Kim,
    Entries related to Excise –
    When Availing of Cenvat Credit – (T.Code – J1IEX)
    (GL A/Cs against ETT – GRPO)
    RG23A BED A/C Dr. (BS GL – Current Assets)
    RG23A E.Cess A/C Dr. (BS GL – Current Assets)
    RG23A S&H E.Cess A/C Dr. (BS GL – Current Assets)
    To Cenvat Clearing A/C (BS GL – Current Liabilities)
    RG23C BED A/C Dr. (BS GL – Current Assets)
    RG23C E.Cess A/C Dr. (BS GL – Current Assets)
    RG23C S&H E.Cess A/C Dr. (BS GL – Current Assets)
    To Cenvat Clearing A/C (BS GL – Current Liabilities)
    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)
    When TR6 Challan & Deposit of Cash into PLA A/C - (JV by FB50 / F-02)
    PLA on Hold A/C Dr. (BS GL – Current Assets)
    To Cheque Issued A/C  (BS GL – Current Assets)
    Updation of TR6 Challan in J1IH – (GL A/Cs against ETT – TR6)
    PLA BED Dr. (BS GL – Current Assets)
    PLA E.Cess Dr. (BS GL – Current Assets)
    PLA S&H E.Cess Dr. (BS GL – Current Assets)
    To PLA on Hold A/C (BS GL – Current Assets)
    When Fortnightly Utilization – (T.Code – J2IUN)
    Utilization from RG23A Registers / RG23 C Registers (GL A/Cs against ETT – UTLZ)
    BED. Payable A/C Dr. (BS GL – Current Liabilities)
    E.Cess Payable A/C Dr. (BS GL – Current Liabilities)
    S&H E.cess Payable A/C Dr. (BS GL – Current Liabilities)
    To RG 23A BED A/C Cr. (BS GL – Current Assets)
    To RG23A E.Cess A/C Cr. (BS GL – Current Assets)
    To RG23A S&H Ecess A/C Cr. (BS GL – Current Assets)
    BED. Payable A/C Dr. (BS GL – Current Liabilities)
    E.Cess Payable A/C Dr. (BS GL – Current Liabilities)
    S&H E.cess Payable A/C Dr. (BS GL – Current Liabilities)
    To RG 23C BED A/C Cr. (BS GL – Current Assets)
    To RG23C E.Cess A/C Cr. (BS GL – Current Assets)
    To RG23C S&H Ecess A/C Cr. (BS GL – Current Assets)
    Hope that this information will serve your purpose.
    Please give necessary marks.
    Regards...
    Ameya D. Mohoni...

  • Accounting entries for excise invoice for purchase returns in J1IS

    Dear Friends
    1) I  recorded an excise invoice for  goods receips in J1IEX . The  accounting entry is
    Input BED a/c   DR
    Input ECS a/c   DR
    Input H.css A/c   DR
    CENVAT clearing   CR
    2)  There were  some damaged  items and  same returned to vendor.  I  did  RETURN Delivery in MIGO.  The excise invoice  in J1IS  gives  error  " BALANCE IN TRANSACTION CURRENCY". Here I  used Ref document type - MATD 
    QUESTION : 
    What is the  Excise transaction type   for  ' other  outward movement'  in J1IS  to which I  should  assign the excise accounts   to reverse    (1) above.  Is it  OTHR  or  GPRO.
    Thanks 
    kamala

    Dear Mathews,
    It is not capital goods. Also  if I  do a JV in J1IH, the entry goes and is as below :
    Cenvat clrg   DR,   Input -BED /E.cess/ S.cess   CR
    But  J1IS  does not save, though I have  assigned  all  said accounts in  'Excise accts per excise  transation'   for OTHR. Also I read in wiki that  the entry for purchase return excise inv in J1IS is ' CENV CLRG  ....DR ,   CENV RECEIVABLE  ...CR ' .If so, then  do i creat new GL for Cenv Receivable ? What is its effect on  FORTNIGHTLY  UTILIZATION
    thanks for telling
    kamala
    Edited by: Kamala Surianarayanan on Mar 6, 2009 6:38 AM
    Edited by: Kamala Surianarayanan on Mar 6, 2009 6:38 AM

  • Wrong posting key in accounting entry for GR

    Dear Experts,
    We maintained sales tax at item condition in PO. System create accounting entry the moment we did GR via MIGO. We noticed that the wrong posting key for sales tax entry taking place.Below I stated the Sales Tax entry that currently exist for GR.
    2320111100 50 PUR FG LE - STAX 417.10500- MYR GR
    3330001610 40 OPGG - ACRL SAL TAX 417.10500 MYR GR
    It suppose vise versa. It should beas stated below;
    2320111100 40 PUR FG LE - STAX 417.10500 MYR GR
    3330001610 50 OPGG - ACRL SAL TAX 417.10500- MYR GR
    Can anyone tell me how may I set this in OBYC. I believe the posting key should change so that the accounting entry will correct but I dont know how to set this. Please assist me.
    thanks.
    rgds,
    nantha

    Dear Experts,
    Appreciate if you could brief more in details how may I set the correct posting key for request in OBYC. This is 1st time I'm going to do this changes. TQ.
    rgds,
    nantha

  • Clarification on account entries for goods receipt

    Hi Experts,
    I have my accounting document for a goods receipt as follows. I understand that 3 sets of entries refer to 3 different SKUs in the GR. However I do not understand the purpose of having 3 sets instead of one clubbed double entry. Is there a way to track back to the corresponding GR line?
    Any help is much appreciated.
    Thanks in advance,
    Em Jay

    Material document number is stored in table MSEG and MKPF and accounting document number is stored in table BKPF and BSEG.
    You can find the relation in table, you have to compare this BSEG table with MSEG table,
    You will find the PO number (EBELN) and line item number (EBELP) in both table.
    The EBELP will be same for each line item of accounting entry and material document number.
    BSEG table
    And MSEG table
    Although you can assume there will be a sequence for material document number and accounting document number.
    Suppose you have the 3 sets of accounting entry. The 1st set is for the first line of material document number, the 2nd set id for the second line item of material document number and the 3rd set is for the third line item of material document number.

Maybe you are looking for