MIRO Retention Accounting Entries
Hi Gurus ,
We have a Scenario where we mentioned a Retention Amount at Header . System automatically distribute the Percentage Amount at Item levels.When we post a MIRO related to that PO , system post an accouting entries to vendor reconcillation account .(Spl indicator H).If there are two item in invoice then system deduct retention on both items and show two separate Accounting entries related to each item.
Our requirement is that system should post a single entry related to total Invoice amount rather than generating separate entry for each line item in MIRO.
Reason for this is that we have around 100 line items in an invoice & at the time of retention payment it would become tedious to select 100 line items for payments. alternatively if only single entry gets generated in place of 100 line items then it would become easy to manage.
Pls guide how to tackle such scenario.
Thanks in advance !!
Honey
It appears you are using Installment payment term ( Created at OBB9) and system posts line items equal to number of instalments. Payment terms are assigned to Vendor Master so check which payment term is used.. Go to OBB8 and check any instalment paymenter term check box is selected. is selected go to OBB9 and check how many instalments?
Instead of intalment payment term, use normal payment term ( Created at OBB8) then system will post only one line item.
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Third Party Miro accounting Entries
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what is the accounting entries after MIRO in third party process
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Edited by: sandipamore on Sep 21, 2011 8:45 AMHello
Accounting entries for 3rd Party Sales:
After MIRO
Vendor Account - Cr
GR/IR Clearing A/c - Dr
After VF01
Customer Account - Dr
Sales Revenue A/c - Cr
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When i am trying to do the Invoice verification, it generates the accounting entries as follows
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I hope so ,there might be a problem at the PO creation Level.
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But the folloeing setting has to be Made .
IN the Delivery Tab,uncheck the GR Tick Mak
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Dear Gurus,
please let me know about the account entries at time of MIGO and MIRO.
thanking you in advance
Best regards,
Raghu
Edited by: Csaba Szommer on May 22, 2011 3:20 PMDear,
During MIGO Goods receipt,
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Dear Forum,
While doing MIRO for PO(Account assigned),one unwanted amount is flowing into accounting doc..PO contains ST,Ecess,HEcess conditiion types and MIGO contains GL Acc to GR/IR clearing acc..Now while simulating MIRO,its accounting doc is showing Vendor to GR/IR acc,ST,Ecess,HEcess and some amount related to GL acc given in SES...
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Waiting for your helpful replies...
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SAP ECC 6.0HI,
Check have you given any Fright condition types in Po and , check condition types in PO and also In MIGO also.
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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
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2.When PR is Created
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4.MIGO
5.MIRO
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Thanks...Hi,
1. When Sales Order is created.
No FI Entry
2. When PR is Created
No FI Entry
3. When ME21N is done
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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..
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Rgds..VinzHi 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)
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Process flow of excise duty from procurement to sales accounting entry with amount.
Dear Expert ,
Kindly any one help the process flow of excise duty calculation from procurement to sales accounting entry with amount. for example.- if material amount is Rs. 10,0000 and excise duty is 8% , edu ecss 2 % , and sec ecss 1%. I want know the accounting entry on- MIGO, J1IEX, MIRO, F-43 AND , PGI, BILLING DOCUMENT, J1IJ , TR6 CHALLAN, J2IUN.
Regards
AkshayaHi,
In case of
A. Procurement : there are two types of procurement viz. Local and Import
LOCAL
1. MIGO
Inventory A/c Dr
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2. J1IEX
CENVAT Receivable (Basic) A/c - Dr
CENVATReceivable (Ecess) A/c - Dr
CENVAT Receivable (S & H) A/c - Dr
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5. TR6 Challan
PLA Payment (Basic) A/c - Dr
PLA Payment (Ecess) A/c - Dr
PLA Payment (S & H) A/c - Dr
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CVD Clearing A/c Dr (consists of Additional Duty CVD and CVD)
Customs Clearing A/c Dr (consists of Basic Customs)
To Customs Vendor
2. MIGO
Inventory A/c - Dr
To GR/IR A/c
To Customs Clearing (consists of Basic Customs)
To ECS+SECS on Cus+CVD (consists of ECS on custm+cvd and S & H on custm+cvd)
3. J1IEX
CENVAT Receivable (Basic) A/c - Dr
CENVATReceivable (Ecess) A/c - Dr
CENVAT Receivable (S & H) A/c - Dr
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4. F-43
No excise entry through SAP direct posting but through manual posting in case using TAXINN procedure.
5. TR6 Challan
PLA Payment (Basic) A/c - Dr
PLA Payment (Ecess) A/c - Dr
PLA Payment (S & H) A/c - Dr
To PLA on Hold A/c
Sales
1. PGI
COGS A/c Dr
To Inventory
2. Billing Document
Excise
ED Suspense A/c Dr
To Liability for BED
To Liability for ECS
To Liability for S & H
Customer
Customer A/c Dr
To ED Suspense A/c
To Revenue
To VAT / CST
Hope your doubts are clear.
Regards,
Tejas -
Hi All
I have a problem while doing excise invoicing. At the time of GR incoming excise invoice is captured amd posted. The BED and SED accounts are deitted and CENVAT clearance account is credited..
During MIRO when i refer same PO and do , the accounting entries dispyed while simulating are onle
vendor account credited and GR/IR debited. here NO CENVAT CLEARANCE ACCOUNT DEDTED is showing.
I think cenvat clearance is not happening. I am entering BED and AED values in MIGO item level.
Pls suggest ur reponse , so i can correct this.Rewards assured for your time.
Thanks in advance
regards
B Shar
Edited by: Scorpio n on Feb 2, 2008 8:38 AMHi
I ve maintained the tax cide. Some assignment has to br done, the Cenvat clearance and debit at the tme of Invoicing (MIRO) has to happen.
regards
B Shar -
Hi All
I have a problem while doing excise invoicing. At the time of GR excise invoice is captured. The BED and SED accounts are deitted and CENVAT clearance account is credited..
During MIRO when i refer same PO and do , the accounting entries dispyed while simulating are onle
vendor account credited and GR/IR debited. here NO CENVAT CLEARANCE ACCOUNT DEBTED is showing.
Cenvat clearance is not happening at the time of doing MIRO. I am entering BED and AED values in MIGO item level.
Pls suggest ur reponse , so i can correct this.
Thanks in advance
regards
B Shar
Edited by: Scorpio n on Feb 1, 2008 9:12 AM
Edited by: Scorpio n on Feb 1, 2008 10:22 AM
Edited by: Scorpio n on Feb 1, 2008 11:16 AMHi,
When doing MIGO , if you select capture excise invoice, then only duties are captured and they r not posted to respective GL accounts.
So either select Capture & Post Excise invoice in MIGO or goto j1iex,select post excise invoice wrt to GR.
Then go to MIRO and work..
Hope it works..
Regards,
Smitha -
Dear Gurus,
We have activated material ledger with Transaction based price determination. System has posted following 2 accounting entries for GR.
I am Unable to ubderstand why 2 entries.One of doc typpe WE and the other ML.
The PO is an import one MIRO is done twice for this first for del cost and then for Material.
ML Entry--Stock RM 713898.94-
Price Diff 713898.94
WE Entry--
Stock RM 8061600
GR/IR 6653780-
Price Diff 713898.94-
Prov Frieght1000.06-
Prov Cust Clear 199.95
Prov Cust Clear 665683.08
Prov Insurance 2049.70
Prov Port Charge100.14
DO Fee23288.23
Inland Transport 1599.90
I am able to ubderstand that first entry is something due to Material Ledger.But donot know exactly whay the amounts that is break up.Also how the system determines how much should go to PRD account.I understand basic setteing in OBYC.
Request all also to please share ifany doc for accounting entries for ML?
Can any body explain above entries?
Regards
RajuHi Raju,
The entries in the second instance correspond to the condition types in your PO. Please check the condition type settings for the PO.
The system determines the amount to be posted in the PRD account on the basis of your inventory pricing strategy.
Thanks
Anand -
STO Accounting entries for indirect costs
Hi experts,
I have following scenario:
Plant A
Quantity Update
Plant B
Value/Quantity Updatae
Then I create STO from plant A to Plant B. Include Indirect costs. No accounting entries is getting generated at goods issues nor goods receipt. System allows me to introduce invoice for indirect costs through miro. However, it doesn't propose the values as it happens in purchase orders.
Is there anything in custominzing I am missing.
Thanks.But that's not the standard behaviour (i know it's strange, I made that error myself in the past).
Remove the K, and the system will make the posting to the cost element defined in OKB9. -
Hi,
Please explain me the accounting entries for down payment F-47/F-48/F-54 or f-44.
Kindly expian all the accounting entries with examples or scenario?
Regards,
Rupali.
Moderator: Second warning - respect the rules of the forumHi Rupali,
Down payments in A/P Process :-
1. Purchase department used create payment request with using of F-47 (It is noted item in SAP no impact on FI statemetns)
Entry :- Vendor account .... Cr.... SPECIAL GL..... You can able to chek with using of FBL1N with selection of noted item check box.
2. Based on above request Commercial department make payment with using of F-48
Entry already mentioned panner
3. While receiving the Invoice ,you posted the Invoice with using of FB60 / MIRO
All etries which mentioned by panner are OK.
Rgds
Suma -
Dear,
Can any one give me, what are the accounting entries will create while doing cin related documents. i.e when i do migo, miro, excise invoice and return delviery, utilization... i.e which a/c makes dr/cr,. pls provide in detail...Accounting entry in procurement
~ For Domestic Procurement of Raw Material
During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr.
Cenvat Clearing Cr.
During Invoice Verification
Cenvat Clearing Dr.
GR/IR Clearing Dr.
Vendor Payable Cr.
For Domestic proceurement of Capital Goods
During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr. (50%)
Cenvat On-hold Dr. (50%)
Cenvat Clearing Cr.
During Invoice Verification
Cenvat Clearing Dr.
GR/IR Clearing Dr.
Vendor Payable Cr
Subsequent of Capital Goods
Cenvat Account Dr. (50%)
Cenvat On-hold Cr. (50%)
For Import Procurement of Raw Material
During Customs Duty Clearing invoice
Custom Clearing Dr.
Custom Payable Cr.
During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr.
Custom Clearing Cr.
During Invoice Verification
GR/IR Clearing Dr.
Vendor Payable Cr.
For Excise Duty Credit of Raw Material without PO
Cenvat Account Dr.
Cenvat Clearing Cr.
For Excise Duty Reversal through Excise JV
Cenvat Clearing Dr.
Cenvat Account Cr.
Accounting entry when the goods are issued through MM and excise invoice is created (J1IS & J1IV)
During Excise Invoice Creation
Cenvat Suspense Account Dr.
Cenvat payable Cr.
For TR6C Challan
PLA Account Dr.
PLA on hold Account Cr.
During Fortnightly Utilization
Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.
Note: Cenvat Suspense Account should be cleared apprpiately using FI JV's.
Accounting entry in subcontracting reversal / Recredit
For Subcontracting Challan Reversal
Cenvat Reversal Dr.
Cenvat Account Cr.
For Subcontracting Challan Recredit
Cenvat Account Dr.
Cenvat Reversal Cr.
Accounting entry in SD
For Factory Sale
During Billing Document
Customer Account Dr.
Sales Account Cr.
Cenvat Suspense Account Cr.
During Excise Invoice Creation
Cenvat Suspense Account Dr.
Cenvat payable Cr.
For TR6C Challan
PLA Account Dr.
PLA on hold Account Cr.
During Fortnightly Utilization
Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr. For Stock Transfer through SD
No Accounting entries for Performa Billing Document
During Excise Invoice Creation
Cenvat Suspense Account Dr.
Cenvat payable Cr.
For TR6C Challan
PLA Account Dr.
PLA on hold Account Cr.
During Fortnightly Utilization
Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.
Note: Cenvat Suspense Account should be cleared apprpiately using FI JV's.
Edited by: vijay shukla on Aug 28, 2008 9:50 AM -
No Accounting Entry Generated for Order SES
Hi All,
We have created a Service PO through PR that is being charged to an Maintenance Order. The SES has been created and approved with the Material Document created but no accounting entry is generated. The GR non-valuated is unchecked.
As our Sandbox was just refreshed, I copied the and created a new PO from the old one and created an SES and the accounting entries were generated. Any ideas why this is happening?
ThanksIs business function LOG_MM_MAA_1 active in your system? Also are you using multiple account assignments?
Check this note and apply the corrections if required:
1715475 - MAA2: ML81N/MIRO: false postings for Service PO
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