Fi Entries Documentation required

Question

Dear Sap Gurus,
How the entries will get posted either in FI or Co for Cost of goods sold,cost of goods manufactured, Wip,Variance and Settlement. Can any one forward me the detail documentation on this to mail id  [email protected]
Regards,
krishna

Answer 1

Hi,
Good afternoon and greetings,
For Cost of Goods Sold...at the time of Outbound Delivery for a Sales Order using tcode VL01N, using the movement type 601 (configured in Tcode OMWB) the system passes the following entry
Dr. Cost of Goods Sold A/c
Cr. Inventory Account
For Cost of Goods Manufactured...at the time of doing confirmation for the production order using Tcode CO11N and MB31, the system would use Movementy Type 261 (configured in Tcode OMWB) for consumption of materials
Dr. Raw Material Stock A/c
Cr. Inventory - Raw Material A/c
the system would use MT101 for Tcode MB31 (configured in OMWB) and would do the following entry for goods receipt against Production Order
Dr. Stock - Finished Goods A/c
Cr. Manufacturing Output A/c
the addition of Consumption Account + Labour Charges = Cost of Goods Manufactured (this would also include Overheads)
For WIP...the production order is planned for 100 PC and you do a partial confirmation for 50 PC and goods issue for 25PC...the 25PC would be treated as WIP automatically by the system provided the production order is TECOed and WIP is calculated.
For Variance...the system would compare the planned cost vs actual cost for a production order and would calculate the variance.
For Settlement...the system would pass an accounting entry for the variance calculated in the previous step as below
Dr. / Cr. Production Variance Account
Cr. / Dr. Manufacturing Output Account
Please reward points if found useful
Thanking you
With kindest regards
Ramesh Padmanabhan