GR/IR Revaluation Accounting Entries

I need the related accounting entries for eg. I assume at goods receipt, the foreign denominated PO would be received and recorded in local currency at the current u201Cspotu201D exchange rate loaded into the system. My questions are:
1) Is the GR/IR revalued at each period end for changes in the balance sheet rate of foreign denominated items?
2) What value is relieved when the Invoice Receipt is matched to the GR/IR item u2013 the original goods receipt amount, the revalued amount, or something different?

Hi,
1) Yes, the GR/IR can be revalued at each period end for changes in the balance sheet rate of foreign denominated items.
2) While clearing the GR/IR account the clearing currency can be defined, so the clearing can happen at foreign currency also. The original amount is compared for GR and IR.
Regards,
Gaurav

Similar Messages

Accounting entries for Foreign currency revaluation..Accounting entries

Dear All,
Can any one tell me the Accounting entries for posting foreign currency and foreign currency revaluation..
Regards,
Suresh Patipati.
Edited by: suresh patipati on Feb 17, 2009 7:45 AM

Hi,
I will mention entries from Vendor point of view on that basis you can get the idea.
1. If there is a Unrealised loss.
Unrealised loss A/c...............Dr.
To Balance Sheet Readjustment A/c......Cr.
2. If there is a Unrealised Gain.
Balance Sheet Readjustment A/c......Dr.
To Unrealised Gain A/c.....................Cr.
3. If there is a Realised Loss.
Realised Loss A/c......Dr.
Vendor A/c.................Dr.
To Bank A/c.......................Cr.
4.If there is a Realised Gain.
Vendor A/c..........Dr.
To Bank A/c....................Cr.
To Realised Gain A/c.......Cr.
Best Regards,
Shridhar

Asset Revaluation: Depreciation calculation not hiting revaluation accounts

Dear All,
I have to revaluate assets. I have done the configuration as follows:
1. Assignment of Balance sheet and Depreciation accounts for revaluation.
2. Configured depreciation key so that it will calculate the depreciation on the replacement values.
3. Selected 'check box' for 'Post Revaluation' in posting rules for my company code.
4. Defined the depreciation area for posting of acquisition and production cost and depreciation.
5. Selected 'All values allowed' for 'revaluation' in required depreciation area (01).
I am posting the revaluation on the asset through transaction 'AB01', after that in the depreciation posting run an accounting document is getting generated for revaluation on APC. The entry is as follows :-
70 Revaluation acquis. and production cost a/c x x x
50 Offsetting a/c revaluation APC x x x
This entry is correct as per the revaluation scenario but, no accounts are getting posted which are assigned in 'Account assignment for revaluation on depreciation' i.e.
1. Revaluation accumulated ordinary depreciation a/c.
2. Offsetting account revaluation ordinary depreciation.
System is not postign values on 'revaluation of depreciation' to these accounts. System is posting the depreciation revaluation amounts to normal depreciation accounts i.e.
1. Expenses a/c for ordinary depreciation.
2.Accumulated depreciation account for ordinary depreciation.
The required 'depreciation revaluation' accounts are not getting posted (in any period depreciation run).
Is there any other revaluation configuration that, I am missing here or is there any other way to post to these two 'revaluation on ord. depreciation accounts.' Can anyone shade light on this problem.
Regards
Aniruddha
Edited by: Aniruddha B Mahalle on Dec 19, 2011 12:42 PM

Dear Rohit,
Thank you very much for your reply. I followed the same procedure posted by you. While executing AR29, system is giving following error.
Revaluation data does not agree with date of depreciation posting*
Message no. APERB023
Diagnosis
You want to execute the revaluation posting in period 011/2010. This requires that this period was the last period posted by the depreciation posting run. No other period may be posted after that. The posting run for this period is also not allowed to be still outstanding. According to the log table, the last run posted was 009/2011.
The asset value date of the asset is 01.04.2011 and have to revaluate this asset in current posting perid (9). The fiscal year is from 'Aprl-Mar.
Could you please let me know the following things:
1. Is it necessay to select the checkbox for 'Post automatically' in the offsetting accounts.
2. I have created one transaction type 'Z80', it has an account assignment as 'Debit transction'. The posting type options selected in this transaction type are as follows
a. Post gross --> Yes
b. Do not post to affiliated company --> Yes
3. I should use the same transaction type/configure a new one or use any other std. transaction type in 'AR29'?
4. Is it the case that system takes current date as posting /revaluation date in transaction AR29, because from the error it seems that it is considering the curent date.
5. Which options from the 'control data for posting' should be selected from ' New valuation of an asset' tab page of 'AR29?
a.With depreciation write back.
b. W/out Dep. write vback
6. If i change the inputes in AR29 transaction, system is giving the following error:
''No records were selected''
7. What should be the correct inputs in transaction 'AR29'
Please help.
Regards
Aniruddha
Edited by: Aniruddha B Mahalle on Dec 21, 2011 7:12 AM

Foreign Currency valuation accounting entries

Dear friends
At the time of revaluating foreign currency at period end, an accounting entry gets generated, which is reversed on 1st day of the next period. As per my understanding, the entry is as below -
Forex Loss Dr
Vendor Adjustment A/c
My question is whether the Vendor adjustment G/L is a Recon a/c? Also, in what transaction code, this customization is done?
Thanks in advance
Amit

Hi,
Please check all your settings correct or not?
Step1: Forex Rates should be maintained OB08
Step2: Define Valuation Methods
Step3: Define Valuation Areas
Step4: GL Account Creation for Forext Loss and Gains,
Step5: Assign GL Acconts
Step6: Foreign Currency Valuation T Code: FAGL_FC_VAL
Thanks
Chandra

Revaluation accounting not getting posted

when we are doing a revulation entry regarding assets everything is going fine but no accounting entry is being posted. system doesnot generates any error also

Hello Sanjeev,
have u assigned the Gl account in AO90 and have u activated the posting for revaluation in depreciation area.

Material ledger accounting entries

Dear All,
i need material ledger related all accounting entries. I am confused with some entries.please do the needful urgent.
regards
K S Rangarajan

Hi
Material ledger/Actual costing updates the MM master at actual costs at period end.
Let us give an accounting entry by way of an example
Beginning inventory= 10 KG at $10= $100
Goods receipt=15 kg at $11          = $165
Total value         25 KG at $265 (unit price =10.60)
However Inventory is valued at $250 because of Price control indicator S, thus there is a price difference (Dr) of $15
On revaluation at period end, Dr Inventory $15
                                           Cr Price difference $15
This is a simple case. Add to that exchange fluctuations, Invoice value resulting in price difference, etc. Assume a Goods issue of 12KG in the same period, it will be initially valued at $10, however on material price determination, this price difference of $0.60 per unit is assigned to consumption as well.
Hope you understand better
S Jayaram

Compensate an invoice through a manual accounting entry in ByD??

Is it posible in SAP ByDesign to compensate open invoices through manual accounting entries?
A client uses a non-standar payment method for supplier invoices, so they make the accounting payments manually through "New document accounting entry".
"Suppliers to other account... "
In this transaction, we choose the type Manual entry for suppliers-Revaluation/Depreciation, and in the positions we specify the open invoice number and supplier number.
But in the center Debits-Suppliers, the total balance of the supplier has decreased but the position invoice still remains open.
How can I compensate this invoices then??
Greetings

Hi again Lokesh
Yes, using New/Charge Credit, I can post a document type:
Suppliers to Expenses account
And after that, being able to compensate/clear the supplier invoice, that's ok.
But the New/Charge Credit panel, cost allocation allows to add ledger accounts only of groups Expenses or Incomes, and in some cases I would need to use another ledger accounts in this panel.
And in Fine tunning, accounts determination is limited for account types, so I would need to make too many changes at this point, but well I'll see...
Many thanks

Accounting Entries in PP

Hi all
I need a/cing entries that get posted in Various stages in PP
Ur ans is helpful to me
Thanx
Srinivasa Rao

Hi Srinivas,
Following are the major stages and accounting entries.
1) Preliminery Costing
    Preliminery Costing automatically gets created.
    There is no accounting entries.
2) Simultaneous Costing:
    In this stage, the goods are issued to the Manufacturing Order. The Manufacturing Order is debited with the sum of prices and quantities and the respective inventory accounts are credited. The movement type 261 is being used.
Through the confirmation of activities, the Manufacturing orders are debited with the sum of prices of activities and quantities and the Cost centers are credited. Here , there shall be no finance entries whereas controlling and profit center accounting shall be getting the entries.
Goods receipt of the FG or SFG happens, by crediting the Manufacturing order and debiting the inventory accounts.
3) Final costing:
At the end of the period this process shall be undertaken.
Revaluatoin of Activity price
If there is any need to revalue the activity price, it shall be done. This helps in absorbing the cost centers fully. Here, the accouting entries shall be, Manufacturing Orders shall either be debited or credited and the Cost Centers shall be credited or debited as the case be.
Actual Overhead Calculation
Then, actual overhead shall be done so as to bring in actual costs of overheads.
WIP Calcualtion
After this WIP is calculated. In this case, the costs incurred over and above the goods receipt shall be computed as the cost of WIP when the Manufacturing order is not fully delivered or the status of technically complete is not updated. Here, there is only computation and no accounting entries.
Variance Calculation
When we undertake this calculation, the system computes the difference between the debits and credits for the Manufacturing orders which are fully delivered or technically completed. Here also, there shall be no accounting entries.
Settlement
Here, accounting entries happens for both the WIP Calculation and variance calculation. In the case of WIP Change account is credited and WIP Inventory account is debited. For fully delivered or technically complete, Manufacturing Orders are credited or debited and Production variance account shall be debited or credited. Variance gets posted in Finance, Controlling, Profit Center Accounting and Profitability Analysis as well. In the case of Profitability Analysis, the variances are segreated into category wise.
Here, I have used umbrella term 'Manufacturing Order' for Production order, Process Order and Product cost Collector.
Trust this helps much!
Cheers!

VAT accounting entry not created from Bill

Hello,
We are creating Bills but when we want to create the accounting entries there is no VAT line created although there was VAT on the Bill. Hence, the journal is unbalanced
Any ideas how this is possible?
I have an account assigned to my VAT Code...
regards,
Stijn

Dear Mr. Bernhard
In the Real depreciation Area ie Area 01 (Posting happens realtime), under "Value Maintenance" ---> Revaluation -
> * All Values are allowed
under "Entries for Derived Depreciation Area" , Depreciation sign field is blank
regards
Parag Bhargava

Accounting Entry getting passed in case of Make to Order Scenario

Hi Experts,
In Make to Order scenario, as per my knowledge, when the goods is recieved from Production Order the Accounting entry gets passed is Inventory A/c Debit and Cost of Goods Produced Credit.
But how is Cost of Goods Produced, which is an expense, gets crebited? I am confused, because the above entry will create a credit balance to an expense account. Can anybody clarify this please?
Thanks and Regards,
Sameer Joshi

Thanks for the reply.
Do you mean that at the time of PGI, when the entry is posted to COGS, the amount of COP will also get transferred to COGS and then the whole amount will be posted at PGI?
Thanks and Regards,
Sameer

Accounting Entries hit in Third party Sales Process

Hi,
Can anybody tell which accounting entries are hit when we create the following entries in third party sales process
1.When Sales Order is created.
2.When PR is Created
3.When ME21N is done
4.MIGO
5.MIRO
please provide your valuable suggestion..
Thanks...

Hi,
1. When Sales Order is created.
No FI Entry
2. When PR is Created
No FI Entry
3. When ME21N is done
No FI Entry
4. MIGO
(GBB-VAY) COGS - 3rd Party A/c - Dr
(WRX) GR/IR Clearing A/c - Cr
5. MIRO
Vendor Account - Cr
GR/IR Clearing A/c - Dr
6. VF01
Customer Account - Dr
Sales Revenue A/c - Cr

While "Invoice Cancelling- Accounting entry not effected in Trial balance"

Dear All,
Any one knows this please revert back.this Issue is very urgent (We have to Close the Periods)
Issue: While "Invoice Cancelling- Accounting entry not effected in Trial balance"
Invoice which is cancelled and accounting events for Invoice & Cancellation is taken place, but the entry for cancellation is not appearing in the GL Hence the reversal effect of expense is not seen.
I can able to see the Reversal Entry in Payables > Reports > View Accounting A
Here > Tools > View Accounting Events > View Journal Entries > Show Addtional Information > Transfer to GL Status is "No" after that i have Run the Transfer Journal Entries to GL even its not appearing in GL and not transfer to GL.
@Have to Resolve this as soon as possilble, plz any one can lets guide me
Reagrds,
senthil

Plz Update this asap.....

Missing Accounting Entry ( rcv_receiving_sub_ledger & rcv_Accounting_Event)

Hello,
Any help is highly appreciated. Below is our problem.
We have a PO which was reveived in Oct-11 and somehow( a bug maybe ) There was no RECEIVE accounting entries created for this PO.
Now we are trying to re-create the accounting entries for this receipt and post them in DEC-11
For October we did a manual JE to balance.
I've a open SR with Oracle but not getting solution. Here are the steps analyst described.
1.) Update transaction date in rcv_trx table to december date (lets say sysdate)
2.) Then run a code where it calls this API.
     RCV_AccrualAccounting_GRP.Create_AccountingEvents(
               p_api_version => 1.0,
               p_source_type => 'RECEIVING',
               p_rcv_transaction_id =>l_parent_trx_id,
               --p_direct_delivery_flag=>l_direct_delivery_flag,
               --p_gl_group_id          => l_je_group_id
               x_return_status => l_return_status,
               x_msg_count => l_msg_count,
               x_msg_data => l_msg_data
And this fails even though the periods are OPEN.
Here is the log file:
Receipt_TXN : 6156606
PO Header ID : 452874
Consigned PO : N
Error ocurred while creating Accounting
l_msg_count : 1
l_msg_data : FND FND_AS_UNEXPECTED_ERROR N PKG_NAME RCV_AccEvents_PVT N PROCEDURE_NAME Create_ReceivingEventStatement -50 N ERROR_TEXT ORA-01403: no data found
Receipt_TXN : 6156593
PO Header ID : 453806
Consigned PO : N
Error ocurred while creating Accounting
l_msg_count : 2
l_msg_data :
Thanks

Hi
Found the issue, Silly mistake.
Code had "fnd_client_info.set_org_context" for initialization, It should be mo_global.set_policy_context since we are on R12.
Thanks
Manu

Accounting entry not posted but MBEW table shows total stock and value

Hi
My R/3 version 4.7
I have a material which is stockable and valuated of material type ERSA(Spare parts)
This material was created in may 2007 and material ledger activated,i dont see master records in accounting view in material price analysis tab for the month may 07 till aug 07,and i see master recordsfor the month sep 07 till jan 08
For this particular material in the report MB51 for all the 3 material documents posted,there are no accounting entries in accounting document.
Also in the report output the field amount in local currency is zero for all the 3 material documents.
1.1st material document with mvt 202 for qty 1 posted in the month of may 07,no entries in acc.doc
In this case,MSEG-DMBTR(amount in local currency) was not updated
Also i dont see master records for this period in accounting view in material price analysis tab,in material master.
2.2nd material document with mvt 261 posted for qty 1 in the month of nov,no entries in acc.doc
In this case,MSEG-DMBTR(amount in local currency)was not updated.
I see master records for this period in accounting view in material price analysis tab with stock 1 qty and value zero
3.3rd material document with mvt 101 posted qty 1 in the month of dec,in this case once GR is done MSEG-DMBTR(amount in local currency) was not updated,but mbew has the entries for stock and value.
Can any one let me know why the system is not updating the mseg-dmbtr and as well affecting MB51 report
Regards
Ratha

The settings in Customizing which define that no negative stocks are allowed for the storage type, have only an effect on the transfer orders. In addition, you must also set message L9040 as an error message. For this, call up the Customizing and branch to: 'Logistics Execution -> Warehouse Management -> Interfaces -> Inventory Management -> Allow negative Stocks in Interim Storage Types'. There, execute point 'Control of System Messages in Warehouse Management' and enter message type 'E' for message number L9040

Accounting Entry for Depot Excise Invoice

Hi Gurus
We make a STO from factory to depot. I have posted the depot excise invoice via J1IJ but Im unable to see the accounting entry for the excise invoice..
Im able to see the acounting entry for excise invoice for factory sales thru J1IIN..
Pls advise
Rgds..Vinz

Hi Vinz,
I would like to explore more for ur info.
When u create Excise invoice at Factory Using J1iin, accounting entries flow to the system. When u transfer it to Depot, u credit the Excise amount using MIRO and post it to RG23D ( Depot Register)
The value of the excise for which u have taken credit from ur factory would be passed on to customer now.
If you notice carefully, when u take credit of Excise entry in RG23d No accounting entry flows in the system, only value & qty gets updated to Register.
Generally, while deciding the selling price from depot u consider Basic price + Excise duty. since u are passing on the excise benefit to customer, using proforma excise invoice (transaction J1IJ)
So there is no wuestion of accounting entries.
Hey CIN Gurus.. correct me if i am haveing any misconcepts regarding this.
Hope this is clear to you now..
Reward if helpful..

GR/IR Revaluation Accounting Entries

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