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
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Hello,
We created an AR Invoice by mistake. To correct this, we copied the AR Invoice to an AR Credit Memo and added it. However, the journal entry created by the AR Credit Memo was not the exact opposite of the AR Invoice. The AR Credit Memo journal entry had a different amount in the sales revenue account. Because of this, when you run the account balance for the sales revenue account, you see the amount for the invoice and then for the credit memo but they do not cancel one another. Instead, it leaves a balance on the account event though we do not want it.
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,
AmandaHi 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.
Your help is appreciated.
Thanks,
Amanda -
Incoming payment for incoming payment, credit memo, journal entry &invoice
The message subject is expression of my f**king confusing.
Suppose, we received payment on account 120 Ringgit, invoice amount 210 Ringgit, JE transaction amount 10 Ringgit and credit memo amount (without copied from a certain invoice) 5 Ringgit.
In one new incoming payment, I pay all the 4 transactions, is it correct procedure ? it means the balance of the customer will be zero, that's what we want to do. Thanks in advance
BalajFirst 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.
If you want to adjust the JE, Payment on Account and Credit Memo aginst the Invoice and receive the balance amount, it is possible through incoming Payment.
You will highlight the Invoice, CM, JE and check the Payment on Account box to include the On account amount, go to Payment means and in the amount column press CTRL+B to copy the balance amount and ADD the payment
Suda -
Hi, What link between base document and target document (AR Invoice to Ar Credit memo) table/fields?
Please advise
Thanks,
BenHi 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 :
For A/R Credit Memo --> ORIN is the Table Name and RIN1 is the Credit memo - Rows Table name.
In ORIN table --> DocNum is the A/R Credit Memo's Document Number.
In RIN1 table --> DocEntry is the one which refers the A/R Credit memo's Document Entry/ Document Number. BaseRef is the one which refers the Base Document number, Base Type Refers the Base Document Type and BaseEntry refers the Base Document's Document Entry Number.
I hope this would help you to solve the problem.
Regards
Raja.S -
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,
Arlmi2000Hi 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
WHERE((T0.TransType=18 AND T0.BaseRef=@param1)OR(T0.TransType=19 AND T0.BaseRef=@param2))AND ShortName='@VendorCode'
Replace @param1 with your A/P Invoice document number.
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).
I tried to create some calculated key figures in BW that contain the net value and cost of incoming order, invoiced sales and credit memo. However, i couldn't find relative fields to define them.
Can anyone provide help regarding how to create those key figures in BW? Thank you.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.
Hope that helps.
Cheers, Ashu -
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,
YukaHi 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.
I would want to know if it's possible to do an invoice and a credit memo at the same time, or at least do it separately but using the same barcode.
Thanks in advance!
Message was edited by:
TERESA RIBASHi,
Try the folowing,
Enter the first PO, then click on the "more allocation criteria" icon to the right of the PO number field.
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.
This may work, and if you click on the help for one of these flags you will see that it does seem to do what you want.
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.
Steve B -
Standard Invoice and a Credit Memo with the same amount
Hi,
I have a AP standard invoice with an amount of 100 € and the credit memo with -100 €.
The standard invoice and the credit memo have the same Supplier and distribution, and the status are Validated and Accounted is Yes.
How I can match this credit memo to that invoice?
If I try to create a payment with this invoice and credit memo, I get an error because I can not make a payment to zero.
I do with a suspense account? How I can do it?
Thanks in advance!Hi.
Enter a zero amount payment and select both documents.
Octavio -
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
Why does the system do so? I have many credit memos which are posting correctly but a few are having Price difference account postings
Thanks
Md.nazeer ShaikhHi,
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
Thanks
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
GangadharHi GangaDhar
Try This
SELECT OPCH.DocNum, OPCH.DocDate, OPCH.CardCode, OPCH.CardName, OPCH.VatSum, OPCH.DocTotal
FROM OPCH INNER JOIN
PCH1 ON OPCH.DocEntry = PCH1.DocEntry
where PCH1.TrgetEntry is not NULL
thanks
Ashish -
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
FidelHello 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,
thankyou. My Credit memo request has the previous date. Date of Confirmation and service rendered.
When billing, i am not able to change settings.. as the fields were greyed out.
I am not too familiar with CRM billing .. but in ECC .. we use the Date Service Rendered. this date would take the correct VAT effective date.
When i go to the item overview, all the fields have been greyed out. and i am not able to change any fields. is there somewhere in the settings that i could make the Pricing date and Date Serv. Rendered editable in the credit memo
thank you
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
AhamedHi,
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
Create a pricing procedure ZCMNV with condition type ZCRP. This condition class selected as "price"
Assigned Acckey As Z00.
Defined VKOA As "V KOFI RCOA FERT 01 04 Z00 682001".
Billing Document shows
Item Description Billed Qty SU Net Value Material
10 THAL - UREA-BAGGED(FG) 0.620 MT 0.78- 500000342
20 THAL - UREA-BAGGED(FG) 2 MT 2.52- 500000342
30 THAL - UREA-BAGGED(FG) 3.420 MT 4.31- 500000342
Accounting Entry generated as
Customer A/c DR
Discount A/C CR
which is Wrong.
It should be like
Customer A/c CR
Discount A/C DR
Kindly Suggest what is wrong in the config process.
Regards
SanjayAttaching screen shot of FI doctype config and actual accounting entry posted in FI
Accounting entry for the posted document:
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