Sales GL accounts

Hi all,
There is an issue pertaining to sales and the accounting entries of retail. There is a difference of around $150.00 between billing items and tender amount i.e., EOD transactions for a store on a particular day.
We are unable to process the idoc as the posting period is closed and it cannot be reopened for posting, owing to some operational reasons.
Now, what I've thought of is clearing the difference by posting an entry:
01 Customer a/c(store 123) - DR $150
50 Sales - CR $150. This would potentially help me in getting the balance of the store to 0.00 for that day.
However, what I'd like to confirm is: When a sale is triggered in the POS(till), would the inventory -finished goods be reduced by the sold quantity.
Eg: if there is a sale of an article X of quantity 5 EA, as soon as the sale is triggered would X be reduced by 5 qty.
Entry:
COS - DR (-5 EA)
Inventory - Finished goods.- CR (-5 qty).
Or would the GL accounts be triggered after idocs are processed (WPUUMS and WPUTAB). If so, then the 150.00$ has to be posted using both the above said transactions.
Else I can complete the first transaction as the inventory is already accounted for.
Please suggest.
Regards,
Soujanya.

Hi Kiran,
Thanks for replying
The issue is: The idocs are processed for that day, however there was $ 150.00 residue that was left after the idocs were processed, due to various reasons like UPC not found, article not listed. However, I do not know the reason.
In an ideal scenario, the residual items would be processed after rectifying the error and then the total for that day would get matched. However, in this scenario the FI period was closed as the data was sent to the head office and so they do not want to reopen the posting period for posting this residual amount.
For which I was trying to make a manual posting instead of idocs processing, however the issue is with Inventory FG which is "post automatically only".
And from my end I wanted to find the FG stock as on that date for that store and post the amount to the inventory of FG which is missing
COS - DR
Inventory FG - CR.
If the inventory is already accounted for in the GL accounts for $150.00 as soon as a sale is made, then I could skip the above step and just confine to the Customer (Store) - DR to Sales - CR.
Regards,
Soujanya.

Similar Messages

Cost of sales goods accounting

Dear all,
We have different type of the sales order. At opm level we have accounting entries against sales order like this cost of goods "dr" and finish product stock "cr". Now I have
created one more order type and want dr account (expense ) that is not cost of goods ,Mean I want to dr the account on the base of sales order type for sales order entry.
Kindly let me know how can I do that. Although cost of sales goods(account) is given at organization level. Is this possible?
Thanks

Hi all
Is there any risk in doing the account determination through User exit in such a scenario. I have found a user exit EXIT_SAPMM07M_001 and include z_mm_exit_zxmbcm02_05 as useful instead of mapping the whole process for this transaction.
This user exit is working fine. Any risk people feel in bypassing OBYC through User exit.
Regards
MEHTA

Cost centre field in sales order account assignment screen

Hello all,
I am unable to find the settings for cost center field in sales order account assignment tab screen along with profit center and internal order. kindly let me know the path to select cost center.
Thanks in advance
Raju

The Cost Center Determination settings is in OVF3 - but there are some cases where the Cost Center must be exceptionally changed.
If the document category for order type in IMG VOV8 is defined to be "I" which belong to order type FD - Deliv.Free of Charge, then the field cost center is active for input during transaction VA01.
Alternatively, you can specify an order reason and assign a cost center to an order reason.
However the standard SAP works only at the header level though, so it would not work if cost center is needed on the line item.
The cost center are assign for such business transactions as :
- Free deliveries
- Returns
- Deliveries of advertising materials
You can also make cost center allocation dependent on the order reason, for example:
Order reason: Damage in transit
Order reason: Free sample
Both the IMG settings are done in transaction OVF3, either with/without the order reason.

Compare with my cost of goods sold account to my sales revenue account

Hi,
i want to compare with my cost of goods sold account to my sales revenue account.
After PGI my COGS a/c will be debited INVENTORY a/c will be credited so after sales my SALES a/c credit & customer a/c debit . I want to see what is the difference value of COGS a/c with respective billing Sales A/C
No doudt we can see in Profit of margin in billing doc. It is quite impossible to see all document in respective wise. Please give a solution for which i can know what is profit of margin with comparing values in both of Account.
Thank's
Abhay

Hi,
This is possible through CO-PA report. You can get the result per sales order.
Also the same can be achieved in FI as follows:
Outbound delivery document thr" VL01N is captured in "Reference field" of FI doc (BKPF-XBLNR) generated through delivery.
If the settings are done by SD person to capture the outbound delivery no. in "Reference field" of FI doc generated through Billing document (VF01), then there will be a common field to compare the documents in both accounts.
In transaction FAGLL03, select the account COGS & Sales revenue account. Once the report displays, sort or take sub total on this common field "Reference".
This will give you difference between COGS & Sales revenue per document.
Hope this resolves your query.
Regards,
Ashutosh

Create sales revenue account in SAP R/3

Hi there,
I need to find the path for creating "sales revenue account" and "sales revenue deductions account" in SAP R/3
I will appreciate suggestions for the same.
Thanks
Nishant

Hi Nishant,
The SAP NetWeaver MDM forum is not appropriate for your R/3-based query.
Better try the ERP Financials forum (SAP ERP Financials) instead.
Regards,
Markus

Sales Return Account GL Determination

Hi Expert,
I cannot find any use for Sales retun Account in the GL determination.
During AR Sales Return, only the Inventory and OCst of Goods Sold is needed to be reverse.
Can anyone tell me the purposed of this GL Account.
I'm Usng 2007A.
Regards,
Amy

Hi Amy,
1.With out Sales Return account you cannot add the AR Credit memo document.
2.Usually Sales Return account are mapped the same in Inventory account are mapped in GL Detremination.
3.At the time of Book AR Invoice Document Inventory Account are Credited.
4.AR credit memo booked based on the AR invoice Sales Return account are Debited.
You map the same in Inventory Account and Sales Return Account this can be knock off.
In some cases customer asking i want to separate GL for the Sales Return Amount
that time we map the sales return account in different account not Inventory account.
*Close the thread if issue solved.
Regards
Jambulingam.P
Edited by: Jambulingam P on Jul 8, 2009 8:28 AM

Sales credit account and Purchse credit Acc

hi
Can any one give the breif introduction of Sales credit account and Purchse credit Acc
and there journal entry pass against which documents

u2022Purchase Credit Acctu2013Used when posting a Credit on the Purchase side for non stock items.
u2022Sales Credit Acct u2013Used when posting a Credit on Sales side.
Check this link which explains the variuos stock accounts in B1.
PDF File:
[https://websmp101.sap-ag.de/~sapidb/011000358700006406532006E/CW46_LOG_StockAccounts.pdf]
Webex Recorded Session
[https://websmp101.sap-ag.de/~sapidb/011000358700006406542006E/CW46_LOG_StockAccouts.wrf]
PDF file sent to your mail krishna.patel (at) itsl (dot) in

Cash sales which account will be debit and credited

Hi All,
Please let me in the special sales process.
1. Cash sales
2. Rush order.
1When do the cash sales which account will be debit and credited.
2. When do the rush which account will be debit and credited.
Aditya.

Hi,
Rush order is like a normal standard sales order.
Customer A/C - Debited
Revenue A/C - Credited
Cash Sales:
Cash A/C - Debited
Revenue - Credited.
Revenue accounts are like discounts, prices, frieght...Etc

How sales and accounting are interrelated.

Can anyone tell me how sales and accounting are interrelated.

HI Narendran,
Its simple funda:
Any company is selling only to make profits. what we selling is an asset for the company till the sales is complete. so you need to keep tract /have account for the finished goods you have in stores so they are accounted.
What ever is sold to customer you need to collect the money from the customer so you need to know what you have sold and how much money you need to het back from teh customer. hence you need to keep tract /have account for what eveer you have sold.
Hope this provides some understanding
REWARD IF IT HELPS
regards
Srini

CO assignment object for sales revenue account

while doing the intercompany billing after PGI, system is throwing an error 'account assignment object is required for sales revenue account xxxxxx'. However, the sales revenue account is created as a revenue element and the profit centre accounting is active. How can I solve this issue ?
Regards

Hi,
The account assignments flow from the sales order into the billing document. If you update the profit center in the sales order in the profi center field of the item detail view - > account assignment tab, it will be captured in the billing document.
Also if you want this to happen automatically, this can be maintained in the material master. Or you may need to define a substitution using 0KEM.
Cheers.

Exice Duty Should be Posted To Sales Revenue Account

Dear All,
Our customer wants all the excise duty to be posted to the sales revenu account.
So i have changed the accounting key to ERL corresponding to the Excise Condition types.Now all the Exicise Duty is flowing to the Sales revenue account.
Is that Correct?
And when i create excise invoice in J1IIN,what are the accouting document should be genereated and what should be debited and what should be credited.
Please Advice.
Regards,
Venugopal

Dear PM,
Thanks for your response...
When i checked the accounting document at the billing document level,the customer is debited and all the other duties is going to the sales revenu account.
And when i check the accouting document at the excise invoice,cenvat suspense a/c is debited say for example 8.24Rs and RG23A Cenvatinput BED 8 and other Educ Cess .16 and Higher Edu Cess .08 is getting credited.
Please advice me is this correct.
Thanks & Regards,
Venugopal

R3 - CRM Replication: Sales Rep, Accounting Clerk, Plant

I am looking for doco or a least a knowledge of how to perform replication from R3 to CRM of the following:
Sales Rep
Accounting Clerk
Plant
When a customer is transferred to CRM I am looking for the above 3 objects to be transferred and associated with the BP in CRM. Is this possible in the standard delivery of CRM 4.0?
Appreciate any advice.
Thanks
K

Katrina, when you load our business partners and assuming you have maintained your Account Group - Classification mapping accordingly, these objects should be loaded into their respectives roles. After having finished the BP load ou resume with the BP relationship load and these relations should be created accordingly as well. Tiest.

Revenue account ans Sales deduction accounts

Hi friends
what is Revenue account ans Sales deduction account from sales billing to FI.
Are the linked to G/L accounts on what context -? like g/l and reconcialation.
Thanks
Krish

Babu
Thanks again.
But these (revenue account and sales deduction accounts ) are created same as G/L accounts right -?
You said normal G/L accounts. Is there any difference between normal G/L accounts and regular G/L accounts. If so what it is.?
Please guide me.
Thanks
Krish

Revenue account and sales deduction accounts -?

Hi friends
what is Revenue account ans Sales deduction account from sales billing to FI.
Are the linked to G/L accounts on what context -? like g/l and reconcialation.
Thanks
Krish

HI
Revenue a/c is nothing but cost element & gl with category 11.
and saless deductions a/c is also cost element & gl with categoty 12.
if any help ,,,,,,, plz contact
Regards,
R.N.Reddy

Cost of Sales & Period Account.......

Hi SAP guru's,
- What is the diff. between Cost of Sales Accounting and Period Accounting approach?
- What is reconciliation ledger? what is diff between Reconciliation ledger and Special purpose ledger?
sure we will assign good points
thanks
VK

If you right click on an Invoice and choose "Gross Profit" it will give you a setting on how you want to calculate the Gross Profit for that invoice.
In the accounting point of view the "Base Price" should be "Item Cost" so that the Gross Profit will be (Net Selling Price - Item Cost = Gross Profit). This will give you the same Gross Profit amount between P and L and Sales Analysis Report.
However, SAP B1 gives the user the ability to select a different base price other than the Item Cost.
This gives the user the flexibility for the Sales Report. Example (Net Sales Price - Vendor Sales Price = Gross Profit). People do this sometimes because the item's cost fluctuates if you use FIFO or average cost and they want a uniform cost to calculate their Gross Profit.
In summary if the Base Price is not set to "Item Cost" then there will be difference in the Gross Profit between the P and L and Sales Analysis Report.
See screenshot:
-Eric Alo-
B1 Financial Consultant

Sales Order Account Assign to Non Billing Element

Team,
Is it possible to account assign Sales Order (VA01) to Non Billing Element. My limited understanding was that only billing element WBS can be account assigned and Revenue or Billing can be done.
Reg/ Tony

But I could successfully create a Sales order and account assign to a non billing element. It didnt show any error. While billing it show only billing element WBS and thats how we noted the difference.
we could reassign the WBS to the Billing WBS, but curious to know why it happened and how we can prevent such action by users. One option is to educate them to select wbs using search criteria WBS- Billing element. Any other options?

Sales GL accounts

Similar Messages

Maybe you are looking for