Posting to G/L Accounts
I always get confused about the which accounts are posted to during entire purchasing cycle.
Means during GR, IV,GI ,PAYMENT OF DUTIES, CENVAT ACCOUNTS etc.
wHICH of them are debited and which of them are credited?
Can anybody Please suggest me any simple way to remember those postings.
Regards,
DEEPIKA
The following account updations will occur when you do the sub-contracting cycle.
Subcontracting : You are giving your own material and hence in PO price is only the vendor manufacturing charge only. Also you have to take care of the accounting of your RAW material too which you are issuing to your vendor. Hence the new product which you are receiving from your vendor will have the value = (Value of raw material + Operational charges of vendor)
Now let me clarify which are all the updates happening in back ground.
The following 7 accounting updates will happen
(1) Stock Account for raw account will be credited.(Here you credit because you are trying to bring down the value of companys stock and there by reducing the working capitol.In simple terms credit makes you to gain and debit makes you to loose)
On receipt of goods (GR)...
(2) Stock Account for semi finished product will be debited with the value (Value of raw material + Operational charges of vendor)
(3) As usual, Your GR/ IR account will be credited during GR.On receipt of Invoice (IV), Your GR/IR account will be debited and (4) Vendor account will be credited.
Also along with this the following accounts also will be updated
(5) Cost of goods Manufactured account (Value of raw material + Operational charges of vendor)
(6) Consumption account of Raw material (Purely raw material price)
(7) Cost of external labour (Purely operational charges)
Please reward if useful.
Regards
EDWIN (JMJ)
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Where we have to open and close posting periods in asset accounting
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can anybody give where we have to open and close posting periods in asset accounting
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venkatareddyHi Venkatareddy,
You make specifications for fiscal years and posting periods in the SAP R/3 System in Customizing for Financial Accounting. This is done in the fiscal year variant in the global parameters of the company code. These settings are, in general, also binding for Asset Accounting. The depreciation periods in Asset Accounting then correspond to the posting periods in Financial Accounting.<b> It is usually not necessary to create a separate fiscal year variant for Asset Accounting.</b>
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My client have a PO with three materials. All those materials have been assigned to same valuation class. Client has posted GR for this PO and one material has been recorded a misbehavior when selecting the accounts. That mean, it has been ignored the inventory account and instead value has been posted to price variance account. So the debit entry in price variance and credit entry in GR/IR.
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Attached herewith the screenprint of Accounting view of the two material. Material 300000075 has the correct posting while material 300000028 has recorded incorrect posting
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Hi Gurus,
Any idea why MR8M posted a different GL account from the original entry? here are the entries:
MIRO
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This entry resulted to a difference in GR/IR clearing account and the user do the clearing manually in FI.
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when u post MR8M ,the invoice is get reversed but the FI entries u have to clear manually ,it is done by FI peoples
FI documents need to be cleared manually using Trsnactions F-04 for G/L accounts & F-51 for Vendor accounting documents
You can also automatically clear using F-13
Mention the Documents number & clear the items
Please get in touch with FI Consultant.
regards
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We need to post to G/L accounts for new Company code
1) During month of February , Can we post to GL accounts(FB50) with Posting date in January? --> if we have Period 1,2008 open in OB52 ( FROM Period 1,2008 TO Period 2,2008)
2) Is there a way that Opening balances can be posted to the G/L account other than using FB50/F-02. There are only 10 G/L accounts ,so I don't want to do it programmatically.
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ThanksHI Manisha
I will answer your question one by one.
The answer for the first question is, YEs you can have any many periods open as you wish. This you can do in T.Code OB52. In OB52 , You have to give from which period to which period it should be open.
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For a GL account which is not open item managed, now have to check the "open item management".
since it has the amount, so i can not do it.
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If you want to switch this function on retroactively for a certain account, you should create a new account with the correct setting and use this to make a transfer posting of existing items.
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SwethaHi all,
i posted a document in F-02 by debiting the new GL account and crediting the old account.
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Please share your finding.
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thanks.Hi
Both are to control the field status of the line item.
But, the FSG of the Posting Key and the GL FSG status should not clash like below.
Take 'Assignment' field as example :
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Manually my customer is again checking and extracting the p/l and posting to balance sheet account
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We are getting an error when posting Billing document to Accounting .Eror "The document type is relevant for VAT.Please inset a VAT code in postings.
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Now go to V/08, select that pricing procedure and check whether you have maintained the condition type for VAT. I believe you have not maintained and hence, the error. Include the VAT condition type and create a fresh sale order.
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Error while posting to G/L account
hi,
while posting to G/L account, i am getting error like this
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http://www.ficoexpertonline.com/downloads/10-03.doc -
Posting rules exist for account key
Hi ,
I got the message while creating PO AND WHEN I try to enter Tax code and Tax Jurisdiction i am getting the following error message :
No posting rules exist for account key
Message no. FF714
Diagnosis
No posting rules have been defined for the account key in the tax table in table T007B.
Procedure
Change the tax table, enter an account key already defined for the transaction in question or define the posting rules for a new account key in table T007B.
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senthil.Hi Senthil
Based on your explanation I can understand that the Configuration settings for Automatic Account Determination is not done perfectly for the Account Ket vs GL Account. Do cneck this process carefully because here we define the posting rule, posting keys for the determined account key and later assign the same to the GL Account.
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Dear Gurus,
I have a query, I have defined an account in KDM. After the GR of the PO, if there is a difference in Exchange Rate system posts the Exchange Rate Difference to the Stock Account.
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Edited by: Jeyakanthan A on Aug 3, 2010 2:13 PM -
Posting to Different GL Account (Invoice)
Hello Guys,
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When I create Invoice (F2), I want it to be posted in Sales GL Account (Credit)
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I am trying to import my clients historical month end balances for 2008 (Jan, Feb, March etc...). However, my imports are erroring out with the message "Cannot perform transaction in controlling type account 1210-310-00." This is my client's A/R account. If SAP isn't going to let me post to any control accounts how can I upload my client's historical GL balances?
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Hi , We are in 11.5.10.2, recently, one of our OU was sold but still we have given the option to use our system for 6 months inorder to support their business. Now, we dont want those receivables transactions to be posted to out company accounts.
How to handle this situation in oracle now.How To: Direct Message and ArnettH_VZW
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