UMB : Change in stock account hitting at the time of MIRO
Dear Experts ,
I have a material with a moving average price.
The material was taken in stock in initial entry. in period 10.
Then the material was consumed in period 11.
Further the material was procured . The posting period in GR was 11 & the period at the time of entry was 12.
Now the MIRO was done for the material . At the time of MIRO the material price was revised .
The MIRO entry date was in period 12 & the posting date was in period 11.
The entries for GR are :
1000 1 89 20501000 INV. OF RM 209,272.50 INR
1000 2 96 10601050 GR/IR CLEARING OTH. 209,272.50- INR
Cenvat Postings are :
1000 1 40 21221004 EXCISE RG 23A HCESS 89.00 INR 00
1000 2 40 21221000 EXC RG 23A BED BAS 8,795.00 INR 00
1000 3 40 21221003 EXCISE RG 23A ECESS 178.00 INR 00
1000 4 50 10601230 CENVAT CLEARING 9,062.00- INR 00
The MIRO Entries are :
1000 1 31 200173 XYZ VENDOR 241,402.00- INR **
1000 2 86 10601050 GR/IR CLEARING OTH. 209,272.50 INR 25
1000 3 89 20501000 INV. OF RM 11,572.50 INR 25
1000 4 40 10601230 CENVAT CLEARING 9,062.00 INR 00
1000 5 40 21211000 INPUT ST BASIC 1001 362.20 INR
1000 6 40 21211001 INP ST EDUC.CESS1001 90.55 INR
1000 7 40 21201000 INPUT VAT 8,833.80 INR 25
1000 8 40 21201001 ADDITONAL VAT 2,208.45 INR 25
AND a separate accounting document is posted with the following entries :
1000 1 99 20501000 INV. OF RM 9,985.50- INR
1000 2 83 40101230 CHANGE REVALUATION 9,985.50 INR
Pls tell me why sould the material get revaluated ??? GL 40101230 is assigned to UMB.
Thanks in advance ..
Anis
Please tell me same issue i am getting.
System asking UMB key noit defined , we do not want to put in loss/gain from revaluation.
In one PO, we doing miro and at this time all matreial consumed in material master, there is no quantity and value.
In other PO, we doing miro for 32 quantity and at this time , 22 quantity present in material master and we getting this error .
But i do not understand , same scenario i checked in quality , it working.
please guide me
Thanks,
Dharmveer
Similar Messages
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Accounting Entries at the time of MIRO
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Please help me to map the following scenario.
Co code A and co code B are assigned to the one company.
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Create settings at TCode OBYA.
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Dear,
We have created a PO with Item Category "L" for subcontracting.
At the time or GR system has posted below accounting entries:
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Consumption account 450 +
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Please advise.
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VivekHi:
As per my understanding this happens when MIGO is done in case of a subcontracting PO
Stock-CS/RM Dr
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Upon MIRO
Ext Serv Sub-Cont Cr
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Hi Experts,
What are the main differences between "Change in Stock Account" and "Price Difference Account" ?
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BijayHi
Change in stock is triggered when goods are delivered to stock (Fg location) thru movement type 101 - GR for an order.
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Regarding change in stock account
Hi,
At the time of Production receipt, we will debit the FG Inventory and credit the Change in Stock A/C and at the time of delivering the Finished goods to the Customer we will debit to Change in Stock and Credit to FG Inventory A/C ( Simply reverse the entry).
Here I want to know what is Change in stock account and when is the Cost of goods sold A/C effected.
Thanks
Shah
Edited by: hsakhan on Jul 7, 2009 6:39 PMMaterial movement should happen at standard price only. Kindly check what are you telling production order standard price must be price that is maintained in the material master only.
How did you determine the system is picking the moving average price in some cases at which period you are analysing.
Costing run is not being done you have mentioned then the standard price is same in every period.
Regards,
Divraj -
hello friends
during gr of subcontract order we saw that our stock account account is debited
and change in stock account is credited with same value. what is the reason behind it pleae explain it.its urgent. point will be rewardedStock change account
this is P& L account and this account is - credit ie it goes in income side.
and its correct its not expense its income at credit entries goes in it and its P& L account.
or u can explane is other words like u are geting the inventory of finish goods is increased so its income to company and its a credit entry so it should go to right side of P&L that is income side, so its income account.
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Change in stock account nature
hello friends
during gr of subcontract order we saw that our stock account account is debited
and change in stock account is credited with same value. what is the reason behind it pleae explain it.its urgent. point will be rewardedHi Prem,
In Sub-Contracting you need to do Transfer posting first using MB1B. Here you will issue your goods to vendor, but no accounting document gets generated
Then your stock balance using t-code MMBE. It will show that stock with vendor the subcontacted material
At the time of Good Receipt from Subcontractor. following accounting entery gets generted
Purchased servies ac---Dr
To GR/IR ac
Counsumption of RM--Dr
To Inventory RM ac
Inventory Ac---Dr
To GR/IR ac..
Hope it will hellp you
Best Regards
Ashish Jain -
PRD Account hit at the GR reversal (102 movement type)
Dear Experts'
At the time of Goods reversal through 102 movement type, system automatically hit PRD account and it
set off with freight clearing a/c.
Why PRD a/c will hit at the time of reversal?
Thnaks
Suman Mukherjee
MM ConsultantHi,
In two different scenario, we have faced the same problem.
1. Reverse GR document in same period with back date
2. Reverse GR document in previous period . -
Does the stock account balance show the profit & loss amount?
When the goods are received from the vendors the postings are as follows :-
debit stock with the purchase price
credit vendors with the purchase price
However when a sales invoice is posted how will it decrease the stocks account? can someone tell me the postings for sales invoice? because if the postings for sales is going to be like this :-
credit stock with the sales price
debit customer with the sales price
then how can we calculate profit in the above situation? does it mean the net balance of the stock account will be the profit figure? because if the purchase price of the stock is 100 and the sales price is 150, then the stocks account will have a balance of 50 in the credit side in the above example.
does it mean the balance of stock account will be the profit amount?Every material has a price in its master data. When goods are received, the system reads the value from material master and makes the entry as follows
Dr Stock Cr. GR/IR (later when invoice come, the vendor is credited, debiting GR/IR). (Any difference in PO price to the material master, will be posted to price difference account if you maintain Standard price)
The sales process happens in two stages: 1st the goods issue and 2nd billing. When goods are issued,
Dr.COGS
Cr. Inventory (with the same Material master price.)
At billing
Dr. Customer
Cr. Sales.
Stock account will only keep track of goods movement, how much came in and how many have gone out. This should not be considered to ascertain P&L. Should you need to find the P&L, you need to find the difference between the sales account and the Cost of goods sold account. -
Subcontracting accounting entries at the time of GR reversal
Hello,
In Subcontracting procedure, when i required the one finsihed product,
then i send a two components for him 1)A1 2)A2
Finished material and materials A1 and A2 are mainatained in Standard price.
Through the MB1B i send the material provided to vendor next i did MIGO
in that case the Accounting entries are hitting are
1)Stock Account hitting by STD price of the component at time of posting.
2)Balance effect goes to Consumtion of raw material
is it correct?
At time of Reversal of the GR doc is it take the STD price of the componentsor avarage cummulative price based on the prvious std price.
Please guide me at the time of reversal how the accounting entries are hitting and at what base, the how PPV is calculated,
and if in between any price change then what are the accounting entries?
if anybody give me answer , iam greatful to him
Regards
sapmanIam facing this problem from last one month, nobody is giving the hints
frien'd update please -
Additional G/L account entry at the time of PGI.
Dear All,
I have scenario of exports. At the tiem of PGI we generally get the entries Inventory account credtt to cost of goods sold account credit.
I want to have a track the value of goods which are at the port. So it is required have another g/l account entry at the time of PGI.
Which will be recoicilled at the time of commercial billing.
Can any one help me out. How to have the addtional G/L account entries along with the standard G/L entry.
Thanks and regards
Rasik WaghelaHi Rasik
You need to modify the account assignment for Goods issue and find out a user exit to replace the account at the time to commercial biiling.
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Yatin -
System is taking Exchange Rate Value from PO at the time of MIRO
HI GURUS,
The problem is that the system is taking the value of exchange rate from PO when we are doing MIRO. We do not tick the field -fixed rate -in PO but still the system is taking the value of exchange rate from PO and not from the exchange rate maintained in OB08. In PO ,the value of exchange is rate is coming from the data maintained in OB08 but it becomes outdated by the time of MIRO. Please help.
Regards,
MukeshHi Mukesh,
Please check mentioned conditions according SAP Note 128
Exchange rate differences between goods receipt and invoice receipt are posted under the following preconditions:
The invoice is posted in the same (foreign) currency as the purchase order.
The exchange rate in the purchase order is not fixed.
As a basic rule, an exchange rate difference is only posted as substitute for a price difference, that is, only in the case of stock material (standard price with variance or moving average price with stock shortage/undercoverage). The exchange rate difference results from the following calculation schema:
GR value in foreign currency at GR exchange rate
GR value in foreign currency at IR exchange rate
In the process, the quantity situation is of course taken into account. For example, in the case of IR before GR no exchange rate difference is posted, and in the case of "partial" invoices a proportional exchange rate difference is posted.
For cancelled invoices/credit memos, the following applies:
All invoices/credit memos/subsequent debits must be posted in the same (foreign) currency. (However, not necessarily in the PO currency). The exchange rate difference results from the following calculation schema:
Previous IR value in local currency at average exchange rate of previous invoices/credit memos/subsequent debits
IR value in local currency at exchange rate of present credit memo (in relation to the total quantity invoiced)
Here, too, an exchange rate difference is only posted as substitute for a price difference.
For delivery costs, exchange rate differences are posted to the stock account as long as stock coverage exists. No price difference lines are generated.
During the goods receipt no currency check is carried out and therefore, only the local currency is updated in the invoice.
Regards
Mani -
At the time of MIRO against STO full qty for invoice is showing.
We have created STO for lumsum qty and then created OBD with PGI and GRN for breackup qty,but at the time of MIRO against STO full qty for invoice is showing ,and we want respective breakup qty in respect to OBD or GRN no. as reference.
Have you done PGI and GRN both for partial quantity ?
Can you show the screen shot for PO history and MIRO ? -
Problem in VAT Calculation @ the time of MIRO
Dear All,
We are using the Tax Procedure TAXINN.
When we create a LIV document with ref to a PO using the transaction MIRO & when I check the calculate tax button, the tax amount which is displayed in the Basic data is more than the amount which is displayed in the taxes tab.
For Ex:
Created a PO with the following details.
Total Qty in PO - 10
Base Price - 1000/qty.
BED - 14% - 1400.00
ECS - 2% - 28.00
VAT - 4% - (4% on 11428) - 457.12
So my total Tax = 1885.12 (Including Excise & VAT).
Now when I create a MIRO document the tax amount which gets calculated when I check the Calculate button is 1885.12 (Same as above) in the Taxes tab of MIRO.
But the tax amount which is displayed in the Basic data tab is 1,942.24
Also when I simulated the MIRO entrys the VAT amount which was simulated was - 514.24 & not 457.12 as in PO.
Can anyone please advice on the reason for this mismatch in VAT calculation during the time of MIRO?
Is there any specific settings for VAT in TAXINN ??
Note :
The Excise & VAT are calculated correctly during the time of PO creation. Also I havent maintained any additional VAT condition types for my VAT in the tax procedure.
Awaiting helpful replies.
Regards,
Edited by: SAP FC on Dec 5, 2008 3:44 PMHi All,
Please note that when I removed the VAT condition type JVRD from the Classify condition types settings in IMG then the VAT amount which is calculated in the Basic data tab of MIRO is equal to the actual Tax amount as in PO (Excise + VAT ), but the amount which is displayed in the tax tab of MIRO is less.
Now if I maintain the Classify condition types settings in IMG for my VAT condtn type JVRD then the VAT amount which is calculated in basic data is more than both the PO as well as tax tab in MIRO.
Please note as you all have suggested I tried this after creating a new material & with the newly maintained condition records in FV11.
But still the issue persists..
If anyone have any idea. plz revert.
Regards,
Edited by: SAP FC on Dec 9, 2008 10:23 AM -
Dear All,
Error at the time of MIRO while doing invoice for customs and the error showing as Tax code VO country IN does not exist in procedure ZAXINN
VO i maintained for Non Taxable transactions and Imports PO wont have any tax procedure as pricing procure is defined in MM Route only.
Please suggest me why this error is comming
Thanks,
Tiruhi
check u r tax code rates if ur using tax inj process
or maintain rates in FV11
Create a condition record by T.code FV11 for any of the condition record in your tax procedure TAXINN and check that tax code in header and line item should be same.
Also use T.Code: OBBG and assign ur tax procedure with ur county code and save. Now try ur transaction.
also check
SPRO-LOGISTIC GENERAL - TAX ON GOODS MOVEMENT- INDIA - BASIC SETTINGS - DETERMINATION OF EXCISE DUTY - CONDITION BASED EXCISE DETERMINATION - ASSIGN TAX CODE TO COMPANY CODE.
Check in SPro > materials Management > LIV > default values for tax code > give u r company code and try
reward if helpful
regards
kunal
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