Purchase Accounts Posting System
Dear All,
I am using SAP B 1 2007B PL 12
Can anyone tell what is the significane or use of " Purchase Accounts Posting System" option in Basic initialization.
From help i was able to understand
"In localizations where purchase accounting is used, selecting this option enables purchase accounting"
Can anyone guide with help of example so that it will be more clear.
swapnil
Hi Ashish,
I would like to ask you about the MIRO part of the Purchasing Account Management.
I have configured the following steps in SPRO
SPRO > MM > Val & Acc *** > Acc Determ > Acc Determ w/o Wizard > Pur Acc mgmt
1) Activate Account in Co Code
2) Calculation of Value for Purchase Account
3) Separate account document for Pur Acc Posting
a) Activate Sep Acc Doc for Pur Acc Post in Valuation Area
b) Create new document type for separate document
c) Configure Number Range for New Doc Type
d) IM: Configure doc type for separate FI doc
(I´ve copied WE doc and name it as WZ)
e) IV: Configure doc type for separate FI doc
(I´ve copied RE doc and name it as RZ)
Also configured OBYC: EIN, EKG, FRE
During Good Receipt, i succesfully get the separate accounting with accounts
(D) Purchase Account
(C) Purchase Offseting Account
However, when i want to get the same during Invoice Verification i only get the regular Accounts:
(D) Vendor Acc
(C) GR/IR offseting account
As far as I understand as per SAP documentation, i should be able to have this Purchasing Account Management in both operations (G.R. and I.Verification).
Could you explain how to configure this part?
many thanks in advance for any information or comment.
Regards,
Nicolas.
Similar Messages
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Use Purchase Accounts Posting System
hi experts,
Can anyone please explain to me what is Use Purchase Accounts Posting System for in SAP Business One?Check this link for Purchase Accounts Posting System.
Re: purchase a/c system in B1 -
Reconciliation using purchase accounts posting system
Hi,
I would like to know how to reconciliate automatically purchase offset account and A/P Invoices because I cannot find reference that matches either debit and credit amounts.
Thank youI already read and understand the purchase posting system.
My problem is when I try to reconciliate automatically posted transactions : several entries have to be reconcilied into one or two invoices but I cannot find any common field to reconciliate between journal transaction of Goods Receipt and A/R invoice.
Can you help me ? -
Hi,
Can any one explain me about use of Purchase Accounts??
Thanks,
Siva KumarIf we are not using purchase accounts posting system we can't track how much purchases we have made during this year.
We have to create a purchase offset a/c also
(a dummy a/c)
Credit will goes to this a/c directly while making the purchase related transactions.
while making grpo entry will be
stock Dr xxxx
Goods received not cleared a/c Cr xxx
purchase a/c dr xxxx
purchase offset a/c cr xxxx
Regards,
Suresh Kannan
Hopes this will help you.Close this thread if helpful & reward points.
Edited by: Suresh Kannan on Feb 23, 2008 9:22 PM -
Hi all,
I would like to know ,if using purchase accounting system,what are impacts on system & functionality.
can any one guide me.
regards,
manishaHello,
hope this following info could guide you:
Purchase Accounts Posting System (PAPS)
The Purchase Accounts Posting System allows you to better manage a company's budget and expenses. It is a sensitive definition in the sense that once it's activated and journal entries have been created it cannot be updated.
Purchase accounts posting system can be activated under:
Administration > System Initialization > Company Details.
Check the Use Purchase Accounting Posting System box on the basic Initialization tab.
On activation of this feature, three accounts are created in inventory tab in G/L account determination namely: Purchase Account, Purchase return Account, Purchase offset Account
Administration > Set Up > Financial > G/L Account determination. Inventory tab
Purchase account: When an A/P invoice or a goods receipt PO is created, the purchase account is recorded in the journal entry along with the same amount that is recorded for the stock account.
Purchase return account: When a goods return or an A/P credit memo is created, this account is recorded in the journal entry along with the same amount that is recorded for the stock account.
Purchase offset account: This account is an offsetting account for purchase account or purchase return account.
The PAPS is a fantastic cost accounting tool because it allows you to define purchasing budget since a purchase account can be made an expense account. Furthermore, if objects such as item groups and warehouses belong to profit centers, purchase account can be linked to their G/L account determination and distribution rule can also be defined for the purchase accounts.
By and large, to drive internal reporting, objective and critical decision making, these functionalities can be leveraged in SAP Business One. The flexibility of report generation is great and if need be, these reports can be exported into external systems for better data analysis.
let me know if you still need more info. But best approach to understanding something after knowing the theory is to practice.
Rgds, -
Difference between expense account and purchase account
Hi
I am using Purchase Account Posting System in a NON continuos stock company (sap 2007A).
I cannot understand very well when sap uses some accounts definied in account determination, in particular:
1) expense account in Purchasing tab
2) purchase account in Inventory tab
I know that purchase account is used in good receipt PO/AP invoices, but when is expense account used?
If a do not use Purchase Account Posting system, expense account is used in AP invoice ...
Thanks for your help
Serenahi serena,
answered in this link Re: usage of expense account
Jeyakanthan -
Dear all.
i have activated the purchase accounting
and we use gl acc by item group ,
may i know what is the use of purchase accounting also,where should these accounts mapped?
how do they gets offsetted?Hi,
You may check this thread first:
Purchase Accounts Posting System
Thanks,
Gordon -
The Purchase Account, only 1 Purchase Account
Hi,
when use the Purchase Accounts Posting System, the system create 3
Posting Account but there should be 9 Posting Account (Purchase,
Purchase - Eu and Purchase - Foreign etc.)
How the customer can segregate the Purchase in Accounting ?
Best Regards,
MinnaHi Martin!
Yes, you are right: If You don´t use The Purchase Account -system, there is Purchase, Purchase - EU and Purchase - Foreign and based on the country of the BP, the system will choose the right Account. This is ok.
But if You use The Purhcase Account -system ( Administration - > System Initialisation - > Company Details-> Basic Inialisation- > Use Purchase Accounts Posting System), there is only 1 Purchase Account which will be use. The Purchase Account is same to all your BP, no matter if the coutry of BP is from Germany, Finland, Sweden or USA.
Best Regards,
Minna -
Purchase Accounts in US Localization
Hello All,
Is Purchase Accounts not available in US Localization in SAP B1 8.8? I couldn't see the checkbox "Use Puchase Accounts Posting System" under Basic Initialization" tab while the documentation says that Purchase Accounts are available for all localizations starting from SAP B1 8.8.
Regards,
Bharath SHi Bharath S,
this feature is not supported for the US localisation. To get an overview of what different features are available in a particular localisation, go to the Globalization Knowledge Base for SAP Business One.
Channel Partner Portal -> Product Availability -> Availability by Country ->Globalization Knowledge Base -> Start the tool.
All the best,
Kerstin -
A/P credit memo journal incase of Purchase posting system
Hi,
I am using purchase posting system for one of my client
Some times while creating standalone A/P creditmemo the system is posting some amount to Price difference account
Why does the system do so? I have many credit memos which are posting correctly but a few are having Price difference account postings
Thanks
Md.nazeer ShaikhHi,
I have taken all the steps to block negative inventory at the warehouse level
My concern is when does the system posts the journal entry to Price difference account in case of creating standalone Credit memo
Is there anything new changes related to block the negative stock in 2007 then please do let me know.
I understand there is one setting in administration what if i set this as item setting,Company instead of warehouse
Thanks
Md.nazeer Shaikh -
When I try to purchase a apps, system require me to verify my credit card account. I've provided all the complete information of the credit card but system always ask me to contact iTunes support to finish this transition, why ?
Answered in your Other post on this Topic...
https://discussions.apple.com/message/24053626#24053626 -
Hi Experts,
I have enabled Purchase Posting system in SAP B1 2007B PL10, now the Purchase Account & Purchase Offset Account got effected at GRPO level. I want to know how to effect at Purchase Account at A/P Invoice level.Hi,
If you enabled purchase posting and you are doing GRPO then Purchase Account & Purchase Offset Account hits in GRPO only. If you want effects in AP invoice then you have to skip GRPO.
Regards,
Sachin -
Why systems support inventory account, not purchase account ?
Dear Sir,
Kindly explain the LOGIC behind system supporting stock account instead of purchase account.
Thanks in anticipation
Regards
Chirag Shah
+91 98202 72322Hi:
Please adhere to forum rules of engagement ..Do not write cell phone number in your post or private information. Coming to your query please note that SAP provides 3 way processing to goods procured through MM....
This is done based on GR based invoice verification concepts. Upon purchase of goods impacts are generated in FI at the time of MIGO ..Stock Dr and GRIR clearing A/C Cr...Here stock account is debited. Purchase account can be used provided purchase based accounting is active in your system. In 2nd step MIRO or invoicing is done which clears the GRIR Account by debiting it and Generating liability for vendor by crediting it. Lastly you pay off your liability manually or through APP.
Regards -
Sales invoice posting on an expence account (purchase account)
Hi all,
I have to set up the account determination for a sales invoice that have to post on a purchase expence accounts intead of a sales revenue account. This is because with this document type we have to re-sell scraps to our vendors, so this document have to reduce puchase costs intead of increase sales revenue.
How can I set up the accounts determination in T. VKOA? For example: should I use an account key different from ERL? Hould I "play" with Customer Acc. Goup?
Obviously I cannot change Material Accounting Group.
Thanks in advance,
Flaviohello, friend.
your approach seems perfectly logical. you could assign an account assignment group, say, '01' for regular customers and '02' for vendors buying scrap. we have done something similar with our clients but, yes, you need to test it with your FI just to be sure.
you can do a similar alternative, which we also tried. instead of the account group, which is simpler, you can assign a pricing procedure to your special sales document type. your pricing condition type can be copied from PR00, for example ZR00. you can define and assign an account key ZRL for ZR00 in the pricing procedure. in VKOA, you can assign this key to your purchase account.
regards. -
I recently purchased a used imac with os 10.6 The problem I am having the admin in accounts in system preferences I would like to change so I can download some items I have tried different things to do this but I cannot figure it out. thanks in advance.
Thats the problem I bought it from a very large thrift store. i went back asked the person where I bought the computer he said we can not give you the password. I thought buying it there was a good idea because not only was it a nice deal but it was like I was maknig a donation. I know that i messed up because i do not have the installation disk. I bought it without thinking. Until recently I was still using an old G4 9.0 os. I guess you can say I have been out of the loop for a while.
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