Accruals revenue account change
Hi,
I have chaged the account number accruals revenue account by T code VKOA.but when i am posting the invoice to accounting still it is show the old account number in accounting document.i checked the settings almost everywhere,also searched on SDN as well.can anyone tell me if any possible error in any assingment.
Thanks
Hi there:
Could you tell me which table(combination) do you change for assigning G/L accounts?
Similar Messages
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If it is possible to change the Revenue account in (11i) AR interface before generating invoice in AR
Hi ,
It depends on how you make autoaccounting.
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Mohammed -
Unbilled Receivable and Unearned Revenue Accounts
We are using expenditure items for generating revenue and then for billing.
When we generate revenue, the entry is: Revenue Cr to Unbilled Receivables Dr
When we generate Invoice, the entry is: Unbilled Receivables Cr to Receivables Dr, which is file
If we cancel above invoice for some reason and again process invoice, then entry is: Unearned Revenue Cr to Receivables Dr
Due to this, we are having Unbilled Receivables & Unearned Revenue balance in the system (though the amount in both accounts is same & it nullfies, it is not correct representation). Ideally, when we regenerated invoice, the entry should have been: Unbilled Receivables Cr to Receivables Dr
Let us know why the system is bringing Unearned Revenue account in picture in this case.
Regards,
KetanKetan,
Let me see if I understand what you are saying. You have generated the draft invoice and interfaced it to Accounts Receivable, correct? That part is working okay, it looks like.
How are you cancelling the invoice? Are you doing that in Project Billing? Is it correct to assume that you are doing the "Cancel a released invoice" process, rather than the "Write off an invoice" process? Cancelling an invoice will create a credit memo for the entire amount of the canceled invoice (at least in R11, which is what I am on - you did not mention what version you are on). Did you get the credit memo generated and posted? If so, what was the resulting entry for that credit memo? That is what you need to focus on first, I thiink. If that entry is Unearned Revenue Debit and Receivables Credit, then it does make sense that when you regenerate the invoice, the entry would be Receivables Debit and Unearned Revenue Credit.
I am guessing here is how the Oracle designers were thinking. Again I am guessing. And I am not saying I agree/disagree with such thinking. I think the idea is that it is not going to be unbilled receivables now because you had billed the revenue at least one time. After all, the cancellation technically does not undo the billed invoice - it merely creates a credit memo. The revenue had already been generated, so the Revenue account does not come into play. So, if not unbilled receivable, and you don't touch revenue, by default that leaves the unearned revenue account to hit.
Now, like you, I would think Unbilled Receivables would be the better account to hit. It could be possible that you have run across a program bug here. So here is my thought process -
1. What was the journal entry generated by the invoice cancel?
2. Is the journal entry generated by the invoice regeneration not the reversal (in effect) of the credit memo entry?
3. If those two entries are not offset, I would log a service request with Oracle support. Either they have a bug or they have a design flaw. Of course if a design flaw, then you are stuck. You would have to enter an enhancement request to get Oracle to change the process.
4. However, if those two entries do offset, and it sounds like they do, then you have a system that seems to be working as designed. In that case you need to submit an enhancement request to have Oracle change its current process.
Does this make sense?
John Dickey -
Need to setup a liability GL as inventory revenue account
Dear All,
Is there a way to setup a liability GL as inventory revenue account?
When I setup GL by item level then go revenue GL for either warehouse, I can only select revenue account. But some of the revenue GL should be liability account. Our consultant said he did some changes and made it worked before. But we cannot figure out how. Please help. Thanks in advance.
Regards,
YukaHi,
Go to your Chart of Accounts. Select the G/L Account that need to be changed and change the Account Type to be Expenditure. Go to Edit Chart of Accounts and move the account from Liabilities to Expenditure. Just remember if you do this, the accounts will be part of the P&L and not be part of the Balance Sheet anymore.
Kind regards
Carin -
Split valuation : how to differentiate revenue accounts
Dear all,
is there any possibility to manage different revenue accounts for material with different valuation types?
I mean if I activate split valuation for a material which has two valuation type: purchase and production accounting department of my company wants to differentiate not only the cost of goods sold in delivery note but also revenue accounts when I release the billing document.
I appreciate any contribute by you.
Thanks in advance
VirHi
If the PO is partially open ensure that the PO order qty is changed to Delivered and invoiced qty and then flag the delivery completed and final invoice indicator and then flag the item for deletion.
Now you try to activate the valuation category.
Usually if we have such requiremnt of activating the material for split valution, always you create a new material and falg the old material for deletion. This will be helpful in the reporting parts also.
You donot have to face all these problems in that case.
Thanks & Regards
Kishore -
Copy Express Item Groups Transaction revenue Account not Found
Currently using Copy Express.
1. Have successfully loaded COA
2. Manually entered G/L account determinaition and tax codes
3. Error below is occuring when trying to Copy Item Groups and Warehouses. The items groups and Warehosues are failing.
Transaction created by document was not found, 'Revenue account'.
NOTE: the accounts determined for each item group in the source database all exist in the target database.
Can any please assist in explaining why this is happening and how I could prevent this from occuring without having to mannually create warehosues and items?
Thanks Very much
LisaHi Lisa,
I have a suggestion.
The Revenue account in question may be problematic.
Can you try to change to another revenue account in your source db, and try to copy warehouse to target DB?
1.goto source db,and search for the specific warehouse and change the
revenue account to another account
2.and copy warehouse to target db
Hope this will be helpful.
Kind regards,
Willy -
Accrual in account determination
Hi,
In pricing, there is an Accrual account key. And below is the defination in SAP help:
Account key - accruals / provisions
Key which identifies various types of G/L accounts for accruals or provisions.
Use
With the aid of the account key, the system can post amounts to certain types of accruals accounts. For example, rebate accruals which are calculated from pricing conditions can be posted to the corresponding account for rebate accruals.
For my understanding, we should assign it to accrual account, but in my case, it is just assigned to a revenue account, not accrual account.
Will it be a problem?
Thanks,
DLHi,
All the rebate conditions specifically will be assigned the accrual account key in the pricing. Base price condition types, discount condition types, tax conditions don't have this accrual key assigned.
Rebate is a special kind of discount which is paid to customer retroactively usually at the end the agreement period. This means based on the volume of the goods sold or the amount of invoice, customer will be given certain rebate which is not paid at the point of invoice but usually at the end of agreement period. This amount will get accrued and will be posted to the GL account corresponding to the accrual account key mentioned in the pricing. Except for rebate conditions you will not have accrual key assigned to other conditions in pricing. When the rebate amount is settled to customer in final settlement or with partial settlement reversal of postings happen to the accrual related GL account.
Hope this explains -
Both Cash based Accounting and Accrual based Accounting for Capital Exp
I have a requirement to generate both Cash based and Accrual based accounting for Capital Expenditure transactions. I am thinking of using Secondary Ledger for Cash Based accounting. I have never used secondary ledger or customization in SLA.
Can someone please let me know the steps to do this, or if this solution is going to work?
Regards
SamHi Dewi
You will get message (warning):
Message no. KE107
Diagnosis
Operating concern XXXX is set up for both forms of Profitability Analysis (costing-based and account-based).
You have set an active indicator for only one form. Note that no data will be transferred to the form of Profitability Analysis that you did not activate. If this form is activated at a later point, the data posted up to that point will be missing.
You can change active flag (customizing request) any time.
Dejan -
How will i configure revenue account determination
how will i configure revenue account determination....
IMG MENUu2014Sales & Distributionu2014Basic Functions-Account assignment/ Costing-Revenue account determination
Check master data relevant for account assignment
Materials: account assignment groups
New entries
Account assignment group Description
K1 Finished Products
K2 Service
K3 Trading products
Save
Customers: account assignment groups
New entries
Account assignment group Description
KA Domestic
KB Export
KC Internal
Save
We use condition technique to set up Account determination
Standard Condition Type KOFI
Access sequence KOFI
Account determination Procedure KOFi00
Standard Tables
001 Customer/material account assign
002 Customer account assignment
003 Material account assignment
004 general
005 Account key
Use the above tables for search that is access sequence
Select define access sequence and account determination type
Maintain access sequences for account determination
Select new entries
Acc seq Description
ZK00 Access seq for account det
Continue
Select ZK00 and select accesses
New entries
Acc table Description
10 1 cust/mat/account key
20 5 account key
Select 10 & 1 Combination. Select fields and activate the fields
Select 20 & 5 combination and select fields and activate fields
Save the access sequence
Fields in tables
Table Fields
1 Sales Org, Cust account assignment grp.mat account assignment grp, account key
5 Sales org, account key
Same menu path
Define account determination type (Condition type)
New entries
Ctyp Name Access sequence
ZK00 Accnt det type Zk00
Save
Define and assignment account determination Procedures
Define account determination Procedure
New entries
Proce Description
ZK0000 Account det Procedure
Continue
Select Zk0000 and select control data
New entries
Step Cntr Condition Type
10 0 ZK00
Save
Assignment account determination Procedure
(Assign the procedure to all the Billing document types)
Position ZKF2
ZKF2 ZK0000
Save
Define and assign account keys
Define account Key
Account key Description
ERL Sales Revenues
ERS Sales deductions
ERF Freight revenue
MWS Taxes on sls/purchase
ERB Rebate sales deductions
ERU Rebate accruals
EVV Cash clearing
Account keys are assigned in the pricing procedure against various condition types
PR00 ERL
K004 ERS
K005 ERS
KF00 ERF
MWST MWS
B001 to B005 ERB ERU
B001 to B005 are Rebate discount condition types
Assign GL accounts
(Here we maintain information in tables, which will be searched by system for selecting GL accounts)
Select table 1
Select details button
App= application, select V for sales
Condition type= Account determination type (ZK00)
Ch= Chart of accounts= INT
(Chart of account is assigned to company code and has the complete list of GL accounts used for business)
SORG= sales org which is involved in revenue generation/ sales unit
Au2026= Customer account assignment Group
AAG. = Material account assignment group
Actky= Account key like ERL etc
GL account No=the GL accountu2013NO maintained in Chart of accounts
Select new entries and maintain the following
Select Table number 5 to maintain GL accounts for tax, Rebates and cash clearing
MWSu2014175000
ERBu2014884000
ERU 884010 89000
EVV 10000
Create Order; Delivery, PGI and then billing document, when the Billing document is saved account determination should happen
hope this will help u
Regards
nitin -
Exice Duty Should be Posted To Sales Revenue Account
Dear All,
Our customer wants all the excise duty to be posted to the sales revenu account.
So i have changed the accounting key to ERL corresponding to the Excise Condition types.Now all the Exicise Duty is flowing to the Sales revenue account.
Is that Correct?
And when i create excise invoice in J1IIN,what are the accouting document should be genereated and what should be debited and what should be credited.
Please Advice.
Regards,
VenugopalDear PM,
Thanks for your response...
When i checked the accounting document at the billing document level,the customer is debited and all the other duties is going to the sales revenu account.
And when i check the accouting document at the excise invoice,cenvat suspense a/c is debited say for example 8.24Rs and RG23A Cenvatinput BED 8 and other Educ Cess .16 and Higher Edu Cess .08 is getting credited.
Please advice me is this correct.
Thanks & Regards,
Venugopal -
Accrual and account keys in pricing schema
Hi,
1.Can anyone explain the difference between accrual and account key ?
2.Whether for freight condition type (FRA1) , mandatorily we should put Accrual as FR1 and account key as FRE.?
3.Suppose I have customs also and I want to put the cost of both (custom and freight ) in one account , then whether I can put the account key FRE for both condition type or accrual I should put same ?
pls explain.
regards,1.Can anyone explain the difference between accrual and account key ?
The account key enables the system to post amounts to certain types of
revenue account. For example, the system can post freight charges
(generated by the freight pricing condition) to the relevant freight
revenue account.
With the aid of the account key, the system can post amounts to certain
types of accruals accounts. For example, rebate accruals which are
calculated from pricing conditions can be posted to the corresponding
account for rebate accruals.
2.Whether for freight condition type (FRA1) , mandatorily we should put Accrual as FR1 and account key as FRE.?
Yes you have to have the both the key to for that but you can defin your own also...the reason you have to have that because with the accrual you can post the freight to particular account
3.Suppose I have customs also and I want to put the cost of both (custom and freight ) in one account , then whether I can put the account key FRE for both condition type or accrual I should put same ?
in this case use same account and accrual key.
If you dont define the condition as accrual then the tax is applicable on it and you can't post to particular account -
Please help about our revenue account our item's master
Dear Experts,
Can anyone please guide me how to set the separate revenue account in the Master item ?
I prefer to have the 2 Sale income account in item code
One account is for the item with commission
And another one is for the one without commission
But I cannot find anywhere to put those in form (I already have those from my previous software)
We are working on Go live process
Thanks a lot.Hi Mickey,
I think you misunderstood what they implying here. No one suggest you to create duplicate item code with different item group.
This action will raise some question:
1. How do you manage the stock? You're gonna decide that sales of same item with commission or without when you actually gonna to sell it isn't it? How you keep stock of item that not yet sell to the customer? How your warehouse department gonna do the stock opname? They count the same item as a singular item, while in system, the item code and respective stock is bifurcated as two item code.
2. How you gonna stock-in / purchase this item? Using item code with commission? Or using item code without commission? Or combining both? If combined, how you gonna issue PO to your supplier? First of all, could you decide how many item gonna use commission and how many without? Even if you could decide it prior to issuance of PO, what you gonna do when some item should be change from with commission to without one?
I think the best way is to keep singular item code, no need to bifurcate it, as Richard suggest. You could change the G/L account of the revenue in A/R invoice however. Use form settings to display G/L account in A/R invoice, to open the possibility of user to choose appropriate G/L account. IMO, duplicate item code will bring you more harm than good.
Best Regards,
Hendry Wijaya -
Hi,
How do I default the BP (Customer) to post the GL Account I set in Revenue Account - Foreign at G/L Account Determination.If u r not able to default in your localization try this.
In A/R Invoice Doucment , B1 will allow you to change the GL of Sales account. You should first activate this thru form settings and make it as non-editable.
Use formatted search for this field as if the Customer Group is a foreign Customer or if the Business partner property is the foriegn Customer, the Sales - Foreign GL should be picked up.
Like the way u draft the query. -
What is difference between Reconciliation Account and Revenue account.?`
What is difference between Reconciliation Account and Revenue account.?
Where does it effects after a sales order , delivery doc. or billing doc.?Hello Mukesh the comments givan by Amol and Siva kumar are correct.
Here I am telling you how these accouts arer wrking in sales order and at billing and delivery.
Our reconsilation account is reconsile with customer that why when you create the sales order you are mentioning the customer at this time reconsiation account works.
Whenever you doing any posting there is an accounting entry is mae in accounts book right .
At the time of Delivery and billing both the accounts are affected as per the accounting rule .
I hpoe this will you help you
Regards
ravi -
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What you have on your computer is your iTunes library, not your "account." The "account" you have for iTunes is your Apple ID, which you use when purchasing or downloading from the iTunes Store. If these songs came from music CDs that you imported into iTunes, those songs are not related to your Apple ID.
Recently my itunes account changed for some unknown reason and now it doesn't recognize the songs from the cds
How are they not "recognized"? Are the songs still listed in your iTunes music library, but grayed out? They no longer appear in your iTunes library at all?
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