Accounting entries in Consignment

Hi ,
Need clarifications on the following:
1>How to do MRKO?
2>What are the accounting entries happen in MRKO transaction?Is it KONS(Dr) and KONS(Cr)?If so why?
3>Which price it takes a)Inforecord b)material master??
Need your help!!!!

Hi,
Before you can order a material from a vendor or post a goods receipt to consignment stock, you must maintain the consignment price for the vendor in an info record. The price is required for material valuation and accounting purposes.
If you order consignment material from several vendors, the system maintains the consignment stock separately for each vendor, since the individual quantities of the material can have different prices with each vendor.
Please check the information from the SAP Library documentation (http://help.sap.
com) under the path:
Logistics -> Materials Management (MM)
   -> Logistics Invoice Verification (MM-IV)
     -> Logistics Invoice Verification (MM-IV-LIV)
       -> Automatic Settlements
         -> Consignment and Pipeline Settlement
Consignment and pipeline settlement is not connected to the purchasing information system, because the purchase order history is not updated during consignment settlements.
You cannot make any net postings during consignment settlement. This means that you cannot calculate any cash discounts. To take cash discounts into account, you must include these in the consignment price. This ensures that the cash discount is implicitly posted during the goods withdrawal and settlement.
You cannot settle delivery costs.
Best regards
Erika

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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

Consignment Process Accounting Entries on AP and AR

Hi Gurus
Can you Please let me know the accounting entries in detail for the Consignment Process on AP and AR side?
Please rephrase me if the question is represented incorrect
I have never worked on the Consignment Process
I really appreciate for your helpful answers
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Meenakshi.N

Vendor provides materials & stores them on your company premises. The vendor remains the legal owner of the material until you withdraw material from consignment stores. You need maintaion all like ME11,ME01 and account assignemnt for KON in OBYC.The steps ME51,ME21,MIGO,MB1A,MRKO
The Accounting Generated After GR/GI/Settlement are:
1.Goods Receipt
No Accounting Movement
2.Goods Issue
Consumption A/C: DR
Consignment (Liability Account ) Payable: CR
3.Consignment Settlement
Consignment (Liability Account ) Payable: DR
Vendor Account A/C: CR
Found it from the other link below Vendor Consignment
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Consignment issue Accounting entries problem

Dear Guru's
I have configured the consignment sales for my client but i am facing one problem pl advice
1. Consignment fill up process (delivery of goods)
Create Billing document         Accounting Entry
                   Consignee A/c                       Dr
                   Consignment Sales Contra Cr
but issue in
2. Consignment issue process
Create Billing document         Accounting Entry             as
                      Consignee A/c                       Dr
                     Sales revenue                        Cr
WHERE AS IN THIS CASE I NEED IT SHOULD DEBIT THE Consignment Sales Contra
I need this entries in accounting document
Consignment Sales Contra Dr
Sales revenue                        Cr
Regards
Arun
Edited by: ArunSingh2010 on Jun 20, 2010 11:20 AM

Consignee A/c Dr
Consignment Sales Contra Cr
I feel you have not configured properly for consignment process. As you would be aware in fill up stage, there would be no accounting implications either while posting the goods issue or creating a proforma on customer due to the fact that you would just be moving the goods from delivering plant to another location.
This being the case, I dont know why you want the consignee account to be debited ??
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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(
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               --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.
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Error in viewing Accounting Documents at consignment settlement

When I am trying to do consignment settlement, I am encountering two errors, the screen shots of which I am posting herewith, After I am clicking on the documents created, its popping error message "Document 5100000000 1010 does not exist in Fiscal year 2014". How to solve this error. I've maintained number ranges for the running year also. Still am not getting the solution for it. Please help.
javascript:;
Regards,
Sowmyesh Maniyar

Hi,
Considering you have all consignment setting and find condition record maintained in MRM1 t.code with your Output type KONS with Invoicing Party & Company Code
Now check did you have Partner Function-PI(Invoicing Party) in your Consignment output type(message type) by using t.code:NACE with MR application and find consignment output type have Partner Function-PI(Invoicing Party) with Program, routine,Form/ Smartforms.
Also cross check you have Partner Function-PI(Invoicing Party) in your Vendor masterin Purchasing organization data in Partner Function views.
For message " Document 5100000000 1010 does not exist in Fiscal year 2014" .1st try to know difference between Fiscal year & Calendar Year . 2ndly ,check Fiscal Year Variant for your company code and then enter Document number 5100000000 with Company code 1010 with correct Fiscal year to check accounting entries.
Regards,
Biju K

Account postings for consignment

Dear experts,
Please explain me the account postings for consignment.
thanks in advance,

Hi,
Consignment
You manage material A from your vendor as consignment stock at a consignment price of $10/piece.
Goods Withdrawal
When you withdraw 100 pieces for consumption, the system makes a posting to the consumption account based on the consignment price. The offsetting entry is made to the account Liabilities from consignment stock.
Consignment and Pipeline Settlement
When the consignment withdrawals are settled, the liability created at the time of the withdrawal is cleared. The offsetting entry is posted to the vendor account.
The system determines which taxes are to be posted for each item from the consignment info record or pipeline info record.
When the system makes postings to the liabilities account, be they for withdrawals or for settlements, it creates the allocation number automatically from the material document number, so that the open items in Financial Accounting can be cleared.
Regards
Diwakar
Reward if useful

PGI exits for accounting entry

HI experts,
Currently after SO and DO is completed a accounting entry will be created.
This can be viewed at VA03/VL03N display document flow.
Example : AFter SO the user will create a DO.
AFter that the user will go again to VA03 to view the accounting flow.
My task is need to control the accounting document after DOPGI is been saved.
By default it is taking to the FB03.
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What is the field name can be used for the exits.
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if we use movement type 601, means system do not
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No you are wrong. System will reduce the inventory in your system.
There would be no material traceability.
In sales concept, once a billing document is generated, the responsibility ceases from seller.
BUT we customize to make it Billing effective for consignment SO
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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?
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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
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Vendor Account - Cr
GR/IR Clearing A/c - Dr
6. VF01
Customer Account - Dr
Sales Revenue A/c - Cr

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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:
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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.
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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"
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I can able to see the Reversal Entry in Payables > Reports > View Accounting A
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senthil

Plz Update this asap.....

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)
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I see master records for this period in accounting view in material price analysis tab with stock 1 qty and value zero
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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 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.
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Hope this is clear to you now..
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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.
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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.

Accounting entries in Consignment

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