Accounting entry required.
Hi Experts,
We are generating a invoice against STO/Delivery, since it is an Stock transfer so customer sholud not be debited but we are paying a extra duty to govt. while transfering the stock from manufacturing plant to another plant. So we need to hit a Duty Expense A/C & Duty Payable A/c (Debit & Credit) and Customer A/C should not hit since we are not charging it from customer.
Please help in finding the solution. (This not indian scenario).
Thanks & Regards
Girish
Hi Girish,
while doing STO from plant to plant, customer no where comes into picture.
even if u want to bill the customer u cant as u are creating the STO PO to the plant not to the customer.
you have to first create the plant as the customer and assign it in MM customization
MM - Purchasing -- Purchase order -- set up stock transport order -- define shipping data for plants
and assign the customer to your plant ( Delivering )
and wen ur creating a delivery doc with reference to PO using VL10B
automatically this plant will come as ship to party in the delivery doc and this item cat will not be relevant for billing.
do MIGO in the recieving plant.
all the taxes can be maintained as condition types.
hope this helps
ravi
Similar Messages
-
Integration FI-MM ( consignment stock) - Accounting entries & Movement type
I want to understand the integration of FI & MM from consignment stock account.
Scenario
In Tcode OBYC what pre-requisite are required.
1. In which transaction ( BSX) where Finished good stock Account (Balance sheet Account) in maintained.
2 In which transaction (????) consignment stock GL is menetioned.
3 In which transaction (KON) change in consignment stock account ( P&L Account) is created.
4 In transaction (GBB) maintenance of cost of good sold account (P&L account) is required with account group
Suppose i have 10000 Inr worth of finished stock. We issue goods of 4000 inr worth to consignee & incurring 1000 packing charges.
The consignee sells 2000 inr worth to final customer & The consignor should be paid commison 10% & 5% charges for maintaining stock.
Ten consignee returns 2000 inr worth of goods
Please tell what accounting enteries will be passed along with movement types.FI-MM: The integration between FI-MM happens in T-code OBYC.
1. When PO is created :
No Entry -
2. When GR is posted
Inventory Account dr (Transaction Key BSX in OBYC)
To GRIR account (T.Key WRX in T-code OBYC)
3. When Invoice is posted
GRIR account Dr.
Vendor account Cr.
4. Payment made to Vendor
Vendor A/c Dr
To Bank Clearing A/c Cr.
Points to know : Movement Types, Assignment of Movement types to T-keys (T-code OMJJ), Value string (I also need some information on this) , OMWN and OMWB transactions.
There is a close integration b/w FI & MM, actually document flows from MM to FI in the following areas such as,
1. Movement Types:
Used to enable the system to find the predefined posting rules determining how the accounts of financial accounting system are to be posted & to update the stock fields in the matrl master data.(Goods Receipt, Goods Issue, etc)
2. Valuation Class:
Assignment of material to grp of gl account, used to determine the gl accounts that are updated as a result of goods movement.
3. Transaction/Event key:
Used to control the storage or filing of documents & assignment of documents.Used to differeniate b/w various transactions such as goods movement tht occur in inventory.
4. Material Type:
Each material should assign mtrl type in mtrl master record used to update whether changes made in qty are updated in material master record & change in value also updated in stock account. -
Account 410100 requires an assignment to a Co object
Hi Team,
I am Trying to post one entry T code F-02 ( fast entry screen) , In the fast entry screen we require WBS element as Co object ,
we added WBS element but system still gives error message Account 410100 requires an assignment to a Co object
Account number 410100 is also Revenue Cost element , while posting the entry this account number has 50 posting key,
if i post entry using normal process with WBS element system was accepted only Fast data entry is the problem
I found posting key field status and Account number fields status field status group both are having WBS element is optional entry
can any one Guide me where I am Doing mistake
thanks
RanaHi,
Check if you WBS is true or statistical, because revenure accounts require true CO objects for posting.
Regards,
Eli -
Account 715090 requires an assignment to a CO object
Hi Friends,
During Release of an invoice document system is prompting an error as follow.
Account 715090 requires an assignment to a CO object
LongText
Detail
Diagnosis
You have not defined a CO account assignment for an account
that is relevant to cost accounting.
System Response
Account 715090 is defined as a cost element.
This means that you must always specify a CO account
assignment.
Procedure
Enter one of the following CO account assignments
o Order
o Cost center / cost center/ activity type
o Sales order item (for a project or cost relevant)
o Project / WBS element
o Cost object (Process manufacturing)
o Network/ Network activities
o Business process
o Profitability segment
o Real estate object
The posting row affected is 0000001004, account 715090.
Technical data
Tech. data details
Client
Group Number
Sales Document Number 0064002233
Item Number of the SD Document 000000
Schedule Line Number 0235
Counter in Control Tables 00
Message Identification KI
System Message Number 235
Output Type E
Message Variable 01 715090
Message Variable 02 0000001004
Message Variable 03
Message Variable 04
Group Type
We are having Profit Center assignment with each line item and is also having configurations in VKOA Transaction.
Can you please suggest how can we post this document in G/Ls.
Rgds, Krishan RahejaHi Krishan,
There are four possibilities, please check
Go to T-code: KA02: enter G/L account (Cost element) ---> default acct assignment TAB -->assign the Cost Centre ---> save.
Now try your transaction.
OR
Check the field status of the account in FS00. If this account requires CO object as mandatory then check whether a cost element is created or not, this error normally occurs when CO object is mandatory but relevant cost element is not created.
Example: CO object may be cost centre, cost element, WBS element
OR
Use t.code OKB9 --> assign G/L account to cost object with your company code ---> save.
OR
Go to your biiling document --> Item level --> On item detail page --> check the "Profit center --> If its not ther then maintain the require entry in GGB1 and Material master
OR
For more check the link
http://www.sap-img.com/financial/requires-an-assignment-to-a-co-object.htm
Hope this helps,
Regards,
MT -
Account 123456 requires an assignment to a CO object
Dear all,
We want to do a manual posting into the Excise Duty on Sales G/l through F-02 but system is throwing an
error Account 123456 requires an assignment to a CO object even if give a cost center then also the problem exists.We have maintained Default Cost center & Cost Element in OKB9 & then when we are doing entry then the system is through error complete PA transfer structure Fi Message no. KF018.
Regards
D RANADear SAP Student,
Is the data of with element category 1 do not flow to COPA??? & if yes how can we change the cost element category as we have already data posted with cost element category 12.
Waiting for your reply....
Regards,
D Rana
Edited by: Deepak Rana on Mar 13, 2009 10:04 AM
Edited by: Deepak Rana on Mar 13, 2009 11:38 AM -
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 -
Vat% in Accounting Entry
Hi All,
I have a requirement related to accounting entry, i have one process where i need to maintain 0% vat on sales item. it is for this reason i had maintain one tax code with 0% condition record at when i m creating invoice the accounting entry is generate without tax mean this 0% is not coming in accounting entry is there any possibility to retain 0% tax with accounting entry like
customer a/c debit 1000
sale of traded goods 1000-
vat 0% 0-
please help to resolve this issue.
thanks in advance
Regards
Vivek SharmaHi Vivek,
I had a simillar issue. As per that requirement we need to have a new tax condition type. Hence the existing tax condition type should be made as 0 % in the condition record. As a result of it, the accounting entry was having :
customer a/c debit 1000
sale of traded goods 1000-
Vat (New Condition type) - 10 %.
The conclusion is that it is SAP standard.
Also, please let me know under which scenario you want the 0 % VAT to be displayed in the accounting document.
Regards -
Hi Experts,
We have created one tax code O8 in FTXP and assigned GL in OB40 but during sales invoicing it is giving error that no accounting entry generated(Message no. VF050) and also when we are booking customer sales invoice in FB70 with the same tax code O8 we are getting error that Tax code O8 country IN does not exist in procedure ZTAXIN. We have done all permutation and Combination but still not able to solve this error.Do we have to assign gl in VKOA and where do we assign ZTAXIN to Tax code is there any tcode for it.Kindly help me to solve this errror.
SonalHi Vinay,
Check if you are using condition based pricing procedure(TAXINN or copied from here) for sales. If it is so, then maintain the tax codes for the condition types required.
Also check if the GL accounts have been maintained for the account keys in VKOA
For example if the condition type to be used is JIVP, then in VK11 for JIVP, maintain the tax code and percentage to be calculated.
Revert for any further clarification
Thanks and Regards,
anit -
Purchase Returns Freight Recovering accounting entries
HI,
We have Scenario where
1. We are returning the material to vendor with the help of Purchase returns PO, with 161 mvt type.
2. we need the accounting entries as follows.
PO:
Base Price: 100
Freight: 10
Insurance: 10
Tax:2
Gr:
Stk A/C 122....Cr
Gr/IR a/c 112...Dr
Freight A/c 10.. Dr
IR/Credit Memo:
Vendor 122... Cr
Gr/IR 112...Dr
Freight A/c 10...Dr
Here we are recovering the Freight and insurance Amounts incurred when Purchasing happened.
Thanks in advance
Ravi KumarHi Ravikumar,
Would be helpful, if you can throw some light on the solution.
We are kinda stuck in a similar situation, below is our requirement
returns PO
GR
Cr INV
Dr GRIR
Dr Freight clrg
Cr Freight
Credit Memo/ERS settlement/ MRRL
Dr Vendor
Cr GRIR
Cr Freight Clrg
We were able to create the GR side of the entry, using two other condition types on the PO.
Now when we do ERS settlement,
the system creates a credit memo for the INV line item and an invoice for the freight line item.
Both the freight and the material is charged to the PO vendor, we dont charge separate to the freight vendor at this point.
Would be helpful.
Thanks -
Accounting entries in STO ??
hii
I want to know the exactly STO process with CIN accounting entries in manufacturing plant and in DEPOT plant .
In manufacturing plant RG1 register will get updated ??
ANd In DEPOT plant , RG23D register will get updated ??
Explain me with accounting entries in Manufacturing plant and DEPOT plant for STO process.
ThanksHi
A similar answer I had already given
RG1 is updated ony in manufacturing plant not in Depo. In depo we update only RG23D
Process Flow
Step 1 - Creation of Stock Transport Order.
In ME21N, mention the Issuing Plant. Please check the item tab Invoice and see the Tax juridiction code as IN00. Check and Save the PO. (No excise accounting entries)
Step 2 u2013 Transfer Posting
Do the transfer posting in MB1B with proper Plant selection and movement type 351. Refer the PO and adopt the details. Note the Material document number. (No excise entry)
Step 3 u2013 Creation of Excise Invoice
Create Excise Invoice for other movements in J1IS. Select the document type as MATD. See that the system is automatically creating the Invoice. Note the Excise Invoice Number and FI document number created by the system.
(Excise duty payable credit and cenvat suspense account debit)
Step 4 u2013 Print of Excise Invoice
The Transaction code is J1IV. Save the document and take the print.
Now the Material is reached at 2nd Plant. The activities at that Plants are :
Step 5 u2013 Capturing of Excise Invoice
Its an ordinary J1IEX transaction. Capture the Invoice against the stock Transport Order. See that Plant 2 is automatically appeared. Enter the required detail and save the document and note the internal number.
Step 6 u2013 Goods Receipt
It is also an ordinary MIGO transaction. Enter the excise invoice details, save the document and note the material document number.
Step 7 u2013 Posting the Excise Invoice
J1IED - (Here no cenvat accounting since it is a trading plant. Only there will be entry in RG23D register.) Your excise invoice is stored in register only)
In step-3 the cenvat suspense account which was triggered need to be cleared manually.
Legally Depo plants should not create excise invoice. It can pass on the excise invoice and value which they have recieved from manufacturing plant. it means in case if the material goes out from that place to another place or customer it will carry the invoice which was generated in Step-3
Hope you are clear
Regards
Antony -
No Accounting Entry Generated for Order SES
Hi All,
We have created a Service PO through PR that is being charged to an Maintenance Order. The SES has been created and approved with the Material Document created but no accounting entry is generated. The GR non-valuated is unchecked.
As our Sandbox was just refreshed, I copied the and created a new PO from the old one and created an SES and the accounting entries were generated. Any ideas why this is happening?
ThanksIs business function LOG_MM_MAA_1 active in your system? Also are you using multiple account assignments?
Check this note and apply the corrections if required:
1715475 - MAA2: ML81N/MIRO: false postings for Service PO -
Park FI accounting entries through BAPI
Hello Folks,
Working on a requirement where i need to park the FI accounting enrties and then based on some user action post the same in FI...
Firstly to park...
using 'BAPI_ACC_DOCUMENT_POST' and filled all the relevant parameter along with extension1..
extension1-field1 = 'BAPI-PARK'.
extension1-field2 = '1'.
APPEND extension1.
then Implemented Customer Exit ACBAPI01, with Include Program ZXACCU15 of Component EXIT_SAPLACC4_001 having below code...
READ TABLE extension INDEX 1.
IF sy-subrc = 0 AND extension-field1 = 'BAPI-PARK'.
MOVE 2 TO t_acchd-status_new. " Park Document
Endif.
but still the accounting entries instead of getting parked (when checked in BKPF table Document Status was not 'V' but blank against the accounting doc no) got posted.
kindly suggest what could be the solution.
Thanks!!!Hi Sachin Shetty,
You can use the below code if you want to use the BAPI_ACC_GL_POSTING_POST to park a document
Header-username = sy-uname.
Header-comp code = '1000'.
Header-fisc_year = sy-datum+0(4).
Header-doc_date = sy-datum.
Header-pstng_date = sy-datum.
Header-fis_period = sy-datum+4(2).
Header-doc_type = 'SA'.
accountgl-itemno_acc = '1'.
accountgl-gl_account = '0000115510' .
accountgl-comp_code = '1000'.
accountgl-pstng_date = sy-datum.
accountgl-doc_type = 'SA'.
accountgl-fisc_year = sy-datum+0(4).
accountgl-fis_period = sy-datum+4(2).
APPEND accountgl.
CLEAR accountgl.
loc_cnt = 1.
loc_cnt = loc_cnt + 1.
accountgl-itemno_acc = loc_cnt.
accountgl-gl_account = '0000601900' .
accountgl-comp_code = '1000'.
accountgl-pstng_date = sy-datum.
accountgl-doc_type = 'SA'.
accountgl-fisc_year = sy-datum+0(4).
accountgl-fis_period = sy-datum+4(2).
accountgl-costcenter = u201813100u2019.
APPEND accountgl.
CLEAR accountgl.
currencyamount-itemno_acc = u20181u2019.
currencyamount-currency = 'USD'.
currencyamount-amt_doccur = loc_amt. ( For Debit / u2018Su2019)
APPEND currencyamount.
CLEAR currencyamount.
currencyamount-itemno_acc = u20182u2019.
currencyamount-currency = 'USD'.
currencyamount-amt_doccur = ( -1 ) * ( loc_amt ). ( For credit /u2018Hu2019)
APPEND currencyamount.
CLEAR currencyamount.
extension1-field1 = 'BAPI-PARK'.
extension1-field2 = '1'.
APPEND extension1.
CALL FUNCTION 'BAPI_ACC_GL_POSTING_POST'
EXPORTING
documentheader = header
IMPORTING
obj_key = obj_key
TABLES
accountgl = accountgl
currencyamount = currencyamount
return = return
extension1 = extension1
CALL FUNCTION 'BAPI_TRANSACTION_COMMIT'
EXPORTING
wait = 'X'.
Implement Customer Exit (CMOD) ACBAPI01, with Include Program ZXACCU15 of Component EXIT_SAPLACC4_001.
Please make sure that if LDGRP (Ledger Group) is provided, you will have to extract Account Principle (TACC_TRGT_LDGR-ACC_PRINCIPLE) for Park G/L Accounting Document for Ledger Group.
Thanks,
Manish -
Account Entries Relsted to SD CIN
Dear All,
When i make invoice and post to account it gives right entries like Customer A/c Debited & Sales A/c , Cenvat Suspense A/c , VAT A/c Credited.
But when i creat Excise Invoice in J1IIN with reference to same Billing Document, after creation and save the excise invoice i checked the Account entries but it will show the same Entries which i above mentioned but i think it is wrong, the entries should be Cenvat Suspense A/c Debited to Cenavat Paybale Credited .But it show the same entries why? and also there is no relevance of Customer entrie in Excis invoice.
Plz give me solution .
Awrd points for useful answer.
Thx & Regards,
PankajHi,
pls verify the methods you used for your requirement . -
How to treat the accounting entries for the Process industry?
Hi SAP Gurus,
I am working with the Process industry client. Here one raw material goes with chain of process. In one plant half of the process will carried out and the rest of the half process would be carried in another plant. the entire accounting entry would be as follow.
Plat A
While Purchasing the RAW material the account entries are
Raw material Inventory A a/c Dr
To GR/IR a/c Cr
While issuing material to process order
Consumption a/c Dr
To Raw material A inventory A/c Cr
While the FG receipt into the stock
FG B inventory a/c Dr
To COGM a/c Cr
Stock Transfer from Plant A to Plant B
Goods issue from Plant A
Goods in Transit a/c Dr
To FG B inventory a/c Cr
Plant B
Goods Receipt at Plant B
FG B inventory a/c Dr
To Goods in Transit a/c Cr
While issuing Goods to process order
Consumption a/c Dr
To FG B inventory a/c Cr
While Final FG receipt
FG C inventory a/c Dr
To COGM a/c Cr
In this case mine consumption account gets hitted two times. One at Plant A and another at Plant B. So in my P&L account the consumption will be in two times. In this case how should i treat the accounting entry??
Advance thanks for the help.
Regards,
DevaHi Ravi,
I have discussed with my user. The business requirement is they want the plant wise Balancesheet and Financial statement. If i do the stock transfer from one plant to another it is very difficult for me to get the balance sheet. What we are planning is while transfering one plant to another the FG invertory credit agaist Intra transfer account (One P&L account) then in the receiving end the intra transfer a/c debit to FG inventory so that i can get the trial balance.
I will get back to you once i get the solution for this. Let me know if you have some idea on this.
Thank you.
Deva. -
Accounting entry view needs to be restrcited for STO transactions
Hi
There is Stock Transfer scenario at my place. Stock transfer (from one plant to another) is done after adding some profit margin to the cost of material. Note: My different plant represents different profit centers
Ex: STO is done from plant 1000 to plant 2000. Cost of material is Rs.100 and profit is Rs.20. Hence STO is done at Rs. 120
Entry posted:
Stock Plant 2000 (Profit center 2000) - Rs. 120
To Stock Plant 1000 (Profit center 1000) - Rs 100
To Profit Margin (Profit center 1000) - Rs. 20
Now i want that this account entry should not be view by plant 2000 (whose profit center is 2000). Reason is that the management don't want that receiving plant should know about the profit.
So let me know if i can block the view of accounting entry for plant 2000 for STO transaction only. Plant 2000 should be able view rest all accounting transactions like Purchase from third party, sales, etc.
Note: For STO transactions, we have created separate PO (Document type) as ZSTO.
Please help
Edited by: Deepak Agrawal on Sep 8, 2011 5:58 PMHi,
You can simply take authorization of GL involving in plant desired. Please ask your BAsis guy to revoke activity 03 against object F_BKPF_BES for authr group of GLs from desired users. It will meet your requirment.
Regards
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