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 ??
thanks
G. Lakshmipathi

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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.

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
Thanks
Regards,
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
Thanks
Meenakshi.N

Accounting entry problem for cancel billing document

Hi,
We have manufacturing process for SO to DC we follow the proces
Sales order -> delivery -> VF01 -> J1IIN -> VF02 release to accounting,
now when we do the above procees in billing document document flow we can see two accounting entry generated ref. to t. code VF01 and billing document number
now to reverse the above, we are following the procedure
J1IIN reverse -> VF02 cancel billing document we get new cancel billing document numbver then again in VF02 we are releasing the cancel document number,
but earlier when we do the cancelation procedure only two accounting entries were generating under the original billing document and also under the cancel billing document, but now as soon as we reverse the invoice in J1IIN under the original billing document one additional accounting entry is coming which is generated ref. to T. code J1IH document type JM , and when we cancel and release the billing document there are three accounting entery under Cancel billing document number and additional entry is created ref. to J1IH do. no. JM
so what can be the problem hiw one entry is generated by J1IH and what is eefect of this.
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zafar

in billing document document flow we can see two accounting entry generated
Yes this is standard. One for customer debit and another accounting document for excise.
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G. Lakshmipathi

Consignment issue - stock related problem

hello,
This is an issue related with consignment issue.
material document is created and and seen in document flow. also posted in FI
It can be seen in MB51 with special stock indicator 'w' But it cant be seen in MB58.
There is a mismatch.
movement type used is 633.
Please help on how we can analyse this further.
Thanks

Hi,
I dont think Consignment issues are shown in MB58 report since this report is only for consignment stocks at customer place and also for returnable packaging stocks.
Consignment issue is as good as sale. so it wont reflect in the MB58 report only Movement types goods with 631 and 634 will show in MB58.
Please check.
Regards,
Sharan

Post Goods Issue Accounting Entry & Profit Center Updation???

Dear All,
At the time of Post Goods issue it generates an accountng entry.
we are getting an error related to Profit center.
we maintained profit center in the sales order. and please clarify me can we create cost element for COGS account which hits at this level.
I am getting the following errror.
Balancing field "Profit Center" in line item 001 not filled
Message no. GLT2201
Diagnosis
The field Profit Center marked as balancing is not filled with any value in line item 001, even after document splitting.
System Response
The document cannot be posted.
Procedure
First check your entries.
Additional causes could be:
No value can be derived for this field from the current document data.
You have entered a document type that is not designed for this business purpose.
Procedure for System Administration
Customizing
But we need profit cener wise balance sheet.
so please guide me.
regards,
shashi kanth.

If you define document splitting criteria based on Profit Center and if your document contains multiple line items with different profit center, this type of error will come.
To check this, Go to IMG Path -- Financial Accounting (New) --> General Ledger Accounting (New) --> Document Splitting --> Define Document Splitting Characteristics for General Ledger
There check whether the mandatory check box is selected for profit Center. So check in your delivery document, whether any line item does not have profit center.
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a) 995055
b) 1074689
c) 1079819
thanks
G. Lakshmipathi

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)
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   To VAT Payable A/c
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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

Accounting entry Inter company issue of goods as Sample

Dear SAP expert
We have a process to issue Finshed goods to vendor for testing purpose.
For this, I am issuing a finished goods for testing purpose to vendor (another company code in same group) .
At that stage accounting entry for goods issue is
Cost of sales Debit
To : Finished goods inventory credit.
We have created a PO of cross company code type and created a outward delivery for cross company code replenishment.
IF we change and add VQP general modifier in GBB transaction type then all material issue of such material will be accounted as testing expenses . However there may be some material transactions which are not sample but sale of finished goods , i have explore all options in OBYC but not sure what to do .
Company is not using valuation type functionality.
*Please suggest a way out to book expenses as Testing expenses whenever finished goods are issued as sample.*
Regards
Mehta S

Hi all
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MEHTA

During goods returns same accounting entry as when good issue

Hi,
In our project we have a condition that charge on a provision account during goods receipt of a purchase document. Hers the accounting entries generated is ok. However we also create purchase order with return item. During goods issue (mvt 161) the accounting entries created is same as the goods receipt instead of being the inverse.
I do not understand how this is determine and will be grateful if you could help me. Thanks.

hi,
Check the details and TE key which is hit while 161..
If its correct then go to OBYC and check the G/L account which is getting hit in the inverse for your transaction...whether it is properly set or not...
it may be possible that instead of deibt it would be getting credit n visa versa....
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Priyanka.P

Consignment issue stock problem

Hi Guys,
One consignment issue sales order of 500 qty has been created but only 139 qty got confirmed.
When I check in MMBE for the particular customer, consignment stock is there. 503 qty.
Still, cant able to confirm full qty in order.
What could be the probable reason?
And what needs to be done to up the stock?
Please advice.
Cheers....!!
Chetan.

In my earlier project, same problem was coming repeatedly from the end users and in almost all the cases, the issue order quantity was more than the proforma quantity. Other than that, whatever I suggested is only my assumption. In fact, what I would suggest is that for that material, you list all open KE sale orders created and compare with quantity despatched from parent plant. I feel definitely, the root cause of your problem should be here only.
Will suggest in case I got any other clue
thanks
G. Lakshmipathi

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The problem we encounter is that in the consignment issue order which is created by reference to fill-up order, every time issue order will set the quantity of the material to be the quantity in referred fill-up order. For example, if fill-up order has 100 unit of material X, and then system will set the quantity of material X in issue order to be 100 either.
But there is a situation that in the first issue order, we have consumed 10 unit of material X. In this case, in the second issue order, we want to have the quantity of material X to be default as 90 units (100 - 10 = 90 units).
Is there any User exit or BADI or whatever way to help me to calculate the remained quantity automatically in issue order?
give me some solutions for this issue.
Thanks&Regards,
Mahi

In complition rule what shoud i maintain to process my senario.My issue is with ref to consignment fillup order we create the issue order ,. For example, if fill-up order has 100 unit of material X, and then system will set the quantity of material X in issue order to be 100 either.
But there is a situation that in the first issue order, we have consumed 10 unit of material X. In this case, in the second issue order, we want to have the quantity of material X to be default as 90 units (100 - 10 = 90 units).
A     Item is completed with the first reference
B     Item is completed after full quantity has been referenced
C     Item is completed after the target qty is fully referenced
D     Item is referenced via contract release
E     Item is completed after full target value is referenced.
Pls help me on this issue.
Thanks& Regards
Mahi

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

Problem in accounting entry

Hi
what will be the correct accounting entry at the time of 412    E movement .
I am getting
Consumption account a/c
to Inventery account.
But i want
Inventory a/c   DR
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as i am transfering this stock to sale order.
advise me
Jain

hi
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Dear Guru's
   my Scene is , i am doing MIRO gainst PO , when i stimulate the document All general Accounting entries are there Except , cenevat Entries , (BED , ES , HES ) ,
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Edited by: Jeyakanthan A on Feb 10, 2012 3:12 PM

Hi,
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Message no. 4F112
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609 is i think vendor excise number for you
and check in J1IEX you are getting part1 entry there or not for MIGO docuement
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Attaching screen shot of FI doctype config and actual accounting entry posted in FI
Accounting entry for the posted document:

Consignment issue Accounting entries problem

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