Muliple Inventory AP Accrual Accounts??

Hi ALL,
I need to know is it possible to have multiple Inventory AP Accrual Accounts??
Pls This is urgent.
Thanks,
MPH

Hi,
No, it is not possible to have multiple Inventory Ap accrual A/C (Inv org parameter level). The 2nd AP accrual A/C is of expense type and is set at Purchasing options level (Receipt Accounting tab).
Thanks
- Supro

Similar Messages

Accrual account,Variance Account is invalid while PO Requsition Import.

Hi Gurus,
We are working on "How to set up Outside processing - Procure to use in WIP for Standard Costing" concept.While Perform a WIP Move Transaction to the OSP Step we are getting the follwoing errors
Accrual account is invalid
Cause: The accrual account that you entered or that was derived is invalid.
Action: Enter a valid accrual account.
Variance account is invalid
Cause: The variance account that you entered or that was derived is invalid.
Action: Enter a valid variance account.
When we checked the "PO_REQUISITIONS_INTERFACE_ALL" table ,there is Null value for "variance_account_id","Accrual_account_id" columns.
We checked the account setups in the "Inventory" level for "Accrual account" and "Variance Account",everything is fine.
Please provide me solution for resolving this issue.
Thanks
SR.

I think the value you are passed for ACCRUAL_ACCOUNT_ID and VARIANCE_ACCOUNT_ID are Invalid.
Please check
SELECT * FROM GL_CODE_COMBINATIONS WHERE CODE_COMBINATION_ID = < value of Accrual A/c id >
Record should exists in GL_CODE_COMBINATIONS table.

Creation of transaction and AP accrual account

Hi Everybody,
I need to do the following:
Enter some transactions in some organization, then need do another GL transfer, and run the AP Accural Reconcilation Report .
Actual problem to check is AP accrual account which is currently 00000-00000 for oraganization ABC, but when i change the AP accural account in inventory setup it should show on report.
Change is as:
Inventory -> setup -> organizations -> parameters -> other accounts -> inventory AP accrual to new value.
Need to transfer AP and Inventory modules to GL and then ran the AP accrual report and picked one item say AB10003. The AP accrual account should be new value.
My concern is please let me know the process of
i) How to create a transaction for the above test, need steps if possible.
ii) How to transferr Ap and Inventory to GL.
Any Help would be greatly appreciated.
Thanks and Regards,
Sree

Hi,
Can you please guide us if you were able to resolve this issue and you were able to assign the MKK Contract partner role for the custom BP Roles.
Thanks,
Vamsi.

Inventory Audit Report and Inventory G/L Account discrepancy

Good Day!
Hi Everybody. I had experienced a discrepancy between the Inventory Audit Report and Inventory G/L Account.
Before everything else, our client does not have any PO, GRPO. Only A/P Invoice and A/P Credit Memos so there are no difference being posted.
There were also no transactions posted directly in Inventory G/L Account but from observation, there is a minor difference. This only happened with two transactions in AP Invoice with Negative Quantity.
The AP Invoice is composed of a single item, the unit price is 180.00 x -58 pcs quantity. Total amount is -10,440.00.
G/L Account posting is
Inventory 10,440.00
A/P 10,440.00
In the FIFO layering, the item cost is 200.00 (based on the current stock value) and the current stock quantity before posting is 80 pcs . Since this is a negative quantity A/P Invoice, it seems that the cost of the item when the transaction will be posted is 200 (based on the current stock value) so when I view the Inventory Audit Report amount, it says the inventory cost/posting is -11,600 (200 x -58).
But on actual G/L Account, the posting is -10,440.00 from A/P Invoice, that's why the inventory discrepancy occurs. It seems that SAP B1's Inventory Audit Report confuses the FIFO cost posted versus G/L Account's posted based on the document. Since the document is A/P Invoice, SAP B1 assumes that the transaction will post the amount as the additional inventory cost and posting the inventory cost into Inventory G/L Account. However, since this is a negative document, the system is releasing the items, thus, FIFO kicks in. The Inventory Audit Report catches the amount based on FIFO costing. The problem is that the Inventory Audit Report is more accurate than the Inventory G/L Balance.
Any suggestion to fix this guys?

HI,
i'my afraid you're in the wrong place. This is the Chinese forum. Please go to SAP Business One Application for help.
Best

PO Creation with accrual account assignment

We have a scenario with Insurances and Software Licences fee, since the amount is quite high, the actual quaterly fee is
accrued every month to smoothen the effect in the books.
When we create PO, is it possible to assigin accrual account (instead of the usual expense code) in the account assignment column? So that, during the Goods receipt the accrual account will be reversed. This accrual account would be a balance open item managed account.
We developed the scenario through finance using a recurring entry document that automatically posts the desired values every month, but we need to make it through MM since the original invoice for the insurance or for the software must be entered through a Purchase Order.
Thanks in advance
Edited by: E.Barreda on Sep 7, 2009 11:24 PM

Hi,
Even if u make mandatory the io number in PO.
You cannot settle the asssts to that IO and budget control also not possible.
Thanks

How to fix rebate accrual accounts not clearing when rebate paid?

Automatic clearing of the rebate accrual accounts fails. The credits are created by the rebate accrual functionality. When the rebate payment is made, it should clear against the accrued items. It does not. This might be due to missing account assignment.
what config. I should be making and where? Thanks.

Hi Cathy
in pricing procedure check these settings "7 in Sub total Key" , "23/24 in requirement " and "ERB for account key" , & " ERU for accrual psotings".
may be if these settings are maintained fine it should work ,
Cheers

Accrual Account Categories

Dear Experts:
We have an Accrual Account for Other Liabilities which is used for posting several categories of Accruals e.g. computer maintenance, pump lease etc.
We now have a requirement to be able to track the different amoounts posted for all the different categories. But there is no way of selecting a field in fbs1 to specify such.
Can anyone suggest a good method for doing this? This could be in a similar manner to how Special G/L categories are tracked in Customer/Vendor related postings.
Thanks in advance.

Hi,
Is there any place holder for those categories ..can you differentiate them by any field??
Thanks,
Sai.

P2P - Accrual Account transactions - Match

Hi Guru's,
In P2P cycles..as you know..
On GRN
Dr Material A/C
Cr Payables Accrual Account
On Payables - Invoice Entry and Match PO
Dr Payable Accrual Account
Cr Ap Control Account
Our problem is..business didnt track GRN JV's for 5/6 yrs..only setp 2 is tracked i.e On payables entry is happening..some how they are cooking the data.
Now they realised the issue and wanted to have a mechanism to determine the matching JV's.
Appreciate any help/thoughts on this.
Rgds,Radha.

This happend to me to---kept getting msg that info did not match bank records and I tried a few times then gave up THEN checked bank account and they charged me SIX TIMES
of course, you cannot even call them or email...its frustrating..I reported a problem under the songs bought but I have spent over half an hour on this trying to call etc....this is nuts

Cash vs Accrual Accounting method

Hi,
Looking for documents related to accounting entries and accounting events for Cash accounting method. What will be the accounting impact if you use cash basis or Accrual accounting method.
Thanks in Advance

Cash Accounting is for small business and based that the income/expense is accounted after the payment of the transactions.
This is a special legal regulary for some business in different countries (e.g. in Germany if the revenue < 500.000,00 Euro)
Normal Oracle customer must be used Accrual method.
Good information are here: http://www.nolo.com/legal-encyclopedia/article-29513.html
Dirk

Accrual Accounting Method in MM module

Hello, experts.
We have to implement Accrual Accounting Method in our company, showing displaying forecast amounts on G/L accounts due to liabilities appearing in current period, however we have not yet any goods and invoice received. It is implied that for proper reflection of sums on accounts, preliminary posting of documents in MM, including GR, IR, GI, Transfer, using forecast data (e.g. quantity and amount) should be run for proper closing of period. After we received actual data, these documents should be cancelled, and new ones have to be posted using actual data in next period.
For instance, in our case we deal with gas. We have not yet received it on our stock location, and not yet received an invoice. However, we already have to display appropriate sums on GR/IR account, materials account, and vendoru2019s account, using forecast data. Further movement of material is expected as well, consecutive transfer, goods issue, sales. And all this should be reflected in FI module. After we received actual material and actual invoice, all previous action should be rolled back and documents should be posted properly, considering further movements as well.
The way is to post all preliminary documents, then cancel all them, and post again using actual data in next period. In this case, extra batches are created and moved, and probably other issues may arise, such as reflecting those documents in reports, differing forecast postings from actual postings, maybe something else.
What would you advise in order to fulfill this? Maybe there are standard tools to use. If so, could you please give us as much information on this as possible?
Thanks in advance.

Set the condition type as 'Accrual' relevant for the respective pricing procedures (MM & SD). Then in the pricing procedure, define an account key in the accrual column and then define a GL account for the Accrual account key in the Account determination.
The transactions will be posted to Accrual accounts and then transfered to actual account when the event realizes. Speak to your MM and SD consultants on this.
Ravi.

Doc Splitting in Accrual Account

Hi there,
Document splitting won't work for the entries below,
Debit: Expenses     cost center A/profit center A       100
Debit: Expenses     cost center B/profit center B       100
Credit: Accrual                                                        200
The document splitting function won't work for the accrual account, any idea?
Thank you.

Dear MS CINCAU,
In the following node,
SPRO > Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Document Splitting > Classify G/L Accounts for Document Splitting
Check, what is the category that has been assigned to the Accrual account. This should be 01000
Also check if in the following node
SPRO > Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Document Splitting > Classify Document Types for Document Splitting
Whether the document type which you are using to post this accrual document is given the Business Transaction 0000 and the variant used is 0001.
In case both are there, then please give what is the document splitting method used in
SPRO > Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Document Splitting >Activate Document Splitting
Regards
Venkatesh
Assign points if useful.

Entering a PO for Asset and Accrual accounts

Hi,
We need to enter purchase order for an Asset & Accrual accounts which do not belong to either a cost center, nor a
work order.We are now entering these invoices without going thru the PO System.
Any suggestions on this issue would be helpful.
Thanks

For accruals, you make an accrual entry which would Debit expense / Credit Liability,
and then the following month that entry will reverse. These are usually set up as automatic reversing entries. Then
when the AP invoice is processed, it will be coded to the expense account which is a Debit to Expense and Credit to
Vendor, but since there will be an accrual reversal posted in the same account they will offset and if equal, net out to
zero, if the amounts differ, then that difference hits the P/L at that point. It is clean and efficient. You don't have to
review the accrual account to match up payments against accruals, etc.
We cannot directly post to the Fixed Assets Balance Sheet Accounts. The PO would need to be
coded directly to an Asset number, or to an internal order that would settled to the Fixed Asset system. The best
practice SAP offers for capital expenditures is to use internal order for all purchases. The amounts post to the order,
and are then settled to the balance sheet sytematically. This give you better reporting capabilites on your capital
expenditures, and also makes the process run more efficiently.
This is what I found in one of the other forums.

No clearance in Inventory class Clearing account

Work order information on projects captured thru PAE batch inventory class...accounting is
DR cost of project
CR ws clearing a/c
then AP invoice in receiving company the following transaction
Dr ws clearing a/c
cr Supplier Liablility
the setup carried out in the above way...now the Clearing a/c is retaining some cost.....how to trace y not clearing??
As per my understanding once v distribute the cost 4m PAE batches it directly hit GL...Pls anybody clarify...
Thanks a lot in advance

Hi
It is not clear to me what is the scenario you are describing.
For Expense Destination PO:
When you are receiving items from vendor the accounting is - Dr charge account, cr AP Accrual.
The Supplier invoice matched to the same PO will - Dr AP accrual and Cr Supplier liability.
If supplier invoices were not entered on time, or there is a variance in quantity or between quantity received and quantity billed, the clearing account (AP Accruals) will not zero.
Dina

Inventory receipt against account assigned Purchase order

Hi,
When we do the MIGO-GR against a normal purchase order, we debit the inventory and credit the GR/IR clearing account. I would like to know whether we can post the same entry while doing the MIGO-GR against an account assigned purchase order.
If there is any work around please let me know.
appreciate any inputs on this.

Hi Kishore Kumar
When you have an account assigned PO, the GR entry cannot be
Inventory A/C Dr and GR/IR A/c Cr
It can be either debit to Consumption Account or any exps A\c and credit
to GR/IR
Regards
Chandrasekaran

Changing Inventory from one Account to Another Account

I have situation where I need to change the account an inventory came into SBO. It happen with Sales Return A/R. The inventory is in the correct warehouse but Sales Return Account is wrong . I must change that ammount in the account and transfer it to another account. i thought to do a Journal Entry to correct it. Anything wrong with these ?

It is nothing wrong to use JE to correct all those numbers. However, it may not be easy to make all entries correct in related to the wrong transactions. You need to correct the map for Sales Return. That is more import than this manual correction.
Thanks,
Gordon

Muliple Inventory AP Accrual Accounts??

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