AP invoice vs AP credit memo - Journal entry difference

Hello Experts,
This regarding Create A/P Invoice for an item with value 1000. Correspondingly create a A/P Credit memo for the same bill with 800 value. if you see journal entry the difference amount is tracking in Exp. And Inv. Variance Acct. if it is single of warehouse.
My scenario is GL account set by warehouse. And in our project there are six different warehouses.
Above scenario happens in all six different warehouses, can you guide me where to set Exp. And Inv. Variance Acct. in the warehouse accounting.
Please help me in this regard,
Thanks
Rayudu

Hi,
What is your valuation method.is it standard or moving average?
if it is moving average A/P credit memo will create a journal crediting the stock and debiting the vendor in case of stock item.
incase of noninventory expense gets credit and vendor gets debit.
regards

Similar Messages

  • AR Credit Memo Journal Entry

    Hello,
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    Why would the credit memo not reverse the invoice exactly per the g/l?  Could this somehow be related to account determinations? 
    Your help is greatly appreciated.
    Thank you,
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    Hi Gordon,
    I don't think the difference is caused by exchange rate differences.  The credit memo was created about five minutes after the invoice.  They have the exact same dates.
    Below are the journal entries for both documents to help clairfy:
    AR Invoice
    BP Acct                            DR $13,428.00
    Sales Revenue                                         CR $13188.00
    Net Pallet Deposit Liability                        CR $240.00
    COGS                               DR 9609.60
    Inventory Finished Goods                          CR $9609.60
    Pallet Inventory                   DR $195.00
    Pallet Inventory                                        CR $195.00
    AR Credit Memo
    BP Acct                                                  CR $13,428.00
    Sales Revenue                    DR $13,428.00
    Inventory - Returns              DR $9609.60
    Pallet Inventory                                         CR $195.00
    Net Pallet Deposit Liability   DR $195.00
    Like I said, we just copied the AR Invoice to the AR Credit Memo.  We did not change the line items or the prices, etc.
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    Thanks,
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  • Incoming payment for incoming payment, credit memo, journal entry &invoice

    The message subject is expression of my f**king confusing.
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    First and foremost, I would like to stay that this is a Public Forum and you must refrain from using improper language.  There are people here to help you.
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    Hi, What link between base document and target document (AR Invoice to Ar Credit memo) table/fields?
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    Thanks,
    Ben

    Hi Ben,
    A/R Invoice :
    For A/R Invoice --> OINV is the Table name and INV1 is the Invoice - Rows Table Name.
    In OINV Table --> DocNum is the A/R Invoice Document Number.
    In INV1 table --> DocEntry is the one which refers to the A/R Invoice Document Number. Target TYpe is the one which refers the A/R Credit Memo's Object Type and Target Entry refers the A/R Credit Memo Document Number.
    A/R Credit Memo :
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    In ORIN table --> DocNum is the A/R Credit Memo's Document Number.
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  • AP Invoice and AP Credit Memo Reconciliation

    HI Expert,
    I just want to ask if there's a way to automate reconciliation of AP Invoice and AP Credit Memo related to each other?
    What I did was just open the AP invoice and i copied to AP Credit Memo. I assumed that this was automatically reconciled but when I check the GL affected, it remains unreconciled.
    Thanks,
    Arlmi2000

    Hi Arlmi,
    Weird... Are you sure? Which version and PL you used? Try this query as well
    SELECT T1.TransId,T1.LineMemo,T1.MthDate FROM JDT1 T1
    INNER JOIN OJDT T0 ON T1.TransId=T0.TransId
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    Replace @param2 with your A/P Credit Memo document number
    Replace @VendorCode with your vendor code
    Run the query, the result should be 2 rows. What is the value of MthDate column?
    Best Regards,
    Hendry Wijaya

  • Define key figures -incoming order, invoiced sales and credit memo in BW

    Hi everyone,
    I combined two ODS into one ODS from 2LIS_11_VAITM & 2LIS_13_VDITM. I want to generate reports that contain net value, cost of incoming order, invoiced sales, and credit memo'(SD module).
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    Hello John,
    I think the best way to check it out is by looking at the business content. There might be mapping already defined for the fields you are looking for. The one standing out is perhaps the net value 'ONET_VALUE'.
    Please try to use as much of content KF as possible. A good approach to finding the right info-objects is by searching the business content by info-sources and marking the grouping as 'Collect before and afterwords', it should list down all the dependent info-objects.
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  • Copy AP Invoice to AP credit memo got a discount per line automatically

    Dear All,
    Our customer is in SAP8.8 SQL2008 CA localization. When they copy AP Invoice to AP credit memo (service type), the 1st line always has a discount (no matter which GL I choose). No matter which user I user no matter which posting date I choose, the discount of the first line comes automatically. How can I remove this? Thanks in advance.
    Regards,
    Yuka

    Hi Gordon,
    Wish you all the best and Happy Chinese New Year!
    I tried to reproduce the issue like below.
    Duplicate the AP invoice. Change the posting date to 2010/10/29. Then I found the total of the first line (has 1.03 discount), the amount changed (From $ 21,497.67 to $ 21,498.64). Then I change it back. Save the invoice.
    Copy the AP invoice to AP Credit memo. Change the posting date to 2010/10/29. The total of the first line changed again.
    Is this sounds like a SAP bug? Or it is some settings wrong?
    Thanks in advance
    Regards,
    Yuka
    Edited by: Jie Jin on Feb 4, 2011 1:04 AM

  • Invoice and a credit memo at the same time

    Hello everybody,
    I have a question about the MIRO transaction; there is a provider that give us a monthly invoice where he put all the articles we have ordered, but ALSO those that we have returned the month before with a negative amount, instead of doing a credit memo, which is what the rest of providers do.
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    Message was edited by:
            TERESA RIBAS

    Hi,
    Try the folowing,
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    Enter the remianing PO numbers that are to be invoiced AND the ones to be credited and leave the flags for  "deliveries" and "returns" both set on.
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    I haven't tried it (I don't have the data set up) but it is worth you spending a couple of minutes with some examples in your "play" client, just to see if it does what you want.
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  • Standard Invoice and a Credit Memo with the same amount

    Hi,
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    Hi.
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  • A/P credit memo journal incase of Purchase posting system

    Hi,
    I am using purchase posting system for one of my client
    Some times while creating standalone A/P creditmemo the system is posting some amount to Price difference account
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    Md.nazeer Shaikh

    Hi,
    I have taken all the steps to block negative inventory at the warehouse level
    My concern is when does the system posts the journal entry to Price difference account in case of creating standalone Credit memo
    Is there anything new changes related to block the negative stock in 2007 then please do let me know.
    I understand there is one setting in administration what if i set this as item setting,Company instead of warehouse
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    Md.nazeer Shaikh

  • Invoice copy to Credit Memo Report

    Dear All ,
    I need some query which provide the detail of A/P Invoices which are copied to A/P Credit Memo.
    Thanks
    Gangadhar

    Hi GangaDhar
    Try This
    SELECT     OPCH.DocNum, OPCH.DocDate, OPCH.CardCode, OPCH.CardName, OPCH.VatSum, OPCH.DocTotal
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  • How to Identify A/P Invoice that was Credit Memo

    Hello,
    how will i identify a certain A/P Invoice is already link to Credit Memo. Is there a flag which indicates that a certain A/P Invoice was Credit Memo based on it?
    please help.
    thank you
    Fidel

    Hello Nagarajan,
    the option is not available. im using SBO 8.81 and the option is not yet available in lower version.
    thanks

  • Credit Memo - Invoice VAT and Credit Memo VAT differs

    I have a scenario where the invoice generated had 16% VAT.  In July, VAT was changed to 18%.  When generating a crdit memo request for an old invoice... the header and item conditions tab showed 16% VAT.  When credit memo request is released and save, and it transferred to biling, i get VAT at 18%.
    I tried to change the billing date and bill doc creation date in Credit memo request...to June.. prior ot VAT increase date.   but i am still getting current 18% VAT.
    Does anyone know where i can maintain or have the effective date maintained for the correct VAT?  I am using CRM billing.

    Hi PP,
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    F Bushfield

  • Invoice Verification and credit memo in MM

    Dear Experts,
    Required your inputs.
    1) What is the document type used to raise a invoice ?
    2) What is the document type used to raise a Credit memo ?
    3) When we raise a invoice, Does it pick up default the document type ? if yes Plz advice the setting to be carried out ?
    4) When we raise a Credit Memo, Does it pick up default document type ? if yes Plz advice the setting to be carried out ?
    Best Regards
    Ahamed

    Hi,
    1. For Invoice & Credit Memo - doc type is RE only.
    2. Based on the following settings we can make the doc.type to be defaulted when we create a invoice or credit memo
    SPRO - MM - LIV - Incoming Invoice - Maintain Number Assignments for Accounting Documents - Doc types in Invoice Verification.
    Thanks & Regards,

  • Credit memo accounting entry issue

    We have configure credit memo in SD. Sales order type ZCMN with item category G2N
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    10           THAL - UREA-BAGGED(FG) 0.620           MT      0.78-           500000342
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    Discount A/C            DR
    Kindly Suggest what is wrong in the config process.
    Regards
    Sanjay

    Attaching screen shot of FI doctype config and actual accounting entry posted in FI
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