URGENT- Accounting entries
Hi experts
Please provide accounting entires for CUSTOMS migo, miro and j1iex for IMPORTED GOODS and how the accts gets nullified in subsequent transactions.
CHEERS
Hi,
The accounts are
1. Customs Duty Clearing invoice
Custom Clearing Dr.
Custom Payable Cr
2.1.GR
Stock Dr.
GR/IR Clearing Cr.
2.2. Excise Invoice Credit
Cenvat Account Dr.
Custom Clearing Cr.
3. Invoice Verification
GR/IR Clearing Dr.
Vendor Payable Cr.
Regards,
Biju K
Similar Messages
-
While "Invoice Cancelling- Accounting entry not effected in Trial balance"
Dear All,
Any one knows this please revert back.this Issue is very urgent (We have to Close the Periods)
Issue: While "Invoice Cancelling- Accounting entry not effected in Trial balance"
Invoice which is cancelled and accounting events for Invoice & Cancellation is taken place, but the entry for cancellation is not appearing in the GL Hence the reversal effect of expense is not seen.
I can able to see the Reversal Entry in Payables > Reports > View Accounting A
Here > Tools > View Accounting Events > View Journal Entries > Show Addtional Information > Transfer to GL Status is "No" after that i have Run the Transfer Journal Entries to GL even its not appearing in GL and not transfer to GL.
@Have to Resolve this as soon as possilble, plz any one can lets guide me
Reagrds,
senthilPlz Update this asap.....
-
Material ledger accounting entries
Dear All,
i need material ledger related all accounting entries. I am confused with some entries.please do the needful urgent.
regards
K S RangarajanHi
Material ledger/Actual costing updates the MM master at actual costs at period end.
Let us give an accounting entry by way of an example
Beginning inventory= 10 KG at $10= $100
Goods receipt=15 kg at $11 = $165
Total value 25 KG at $265 (unit price =10.60)
However Inventory is valued at $250 because of Price control indicator S, thus there is a price difference (Dr) of $15
On revaluation at period end, Dr Inventory $15
Cr Price difference $15
This is a simple case. Add to that exchange fluctuations, Invoice value resulting in price difference, etc. Assume a Goods issue of 12KG in the same period, it will be initially valued at $10, however on material price determination, this price difference of $0.60 per unit is assigned to consumption as well.
Hope you understand better
S Jayaram -
Sir,
CAn anyone tell me what all scenarios are tested in FI accounting entries
so that it can be transported from Quality to Production
Plz help its very much urgent.
thanks
tusharHi Tushar,
FB50 is for GL Parking
FB70 is for Customer invoice
FB60 is for Vendor invoice
But F-02 is for general GL posting, you can also post vendor and customer invoices by changing the Doc Type through F-02.
For testing purpose, you can use the above three trans for checking parking of an account or invoice and also F-02 for general posting of transactions, This is just to add that parking transactions will not create a document they will only be a parked docs until you post.
Alternatively you can also test through F-43, F-22, F-28 and F-58 for customer and vendor invoices and payments
Hope this clarifies. Pls assing points as a way to say thanks
regards,
radhika -
Accounting Entry getting passed in case of Make to Order Scenario
Hi Experts,
In Make to Order scenario, as per my knowledge, when the goods is recieved from Production Order the Accounting entry gets passed is Inventory A/c Debit and Cost of Goods Produced Credit.
But how is Cost of Goods Produced, which is an expense, gets crebited? I am confused, because the above entry will create a credit balance to an expense account. Can anybody clarify this please?
Thanks and Regards,
Sameer JoshiThanks for the reply.
Do you mean that at the time of PGI, when the entry is posted to COGS, the amount of COP will also get transferred to COGS and then the whole amount will be posted at PGI?
Thanks and Regards,
Sameer -
Accounting Entries hit in Third party Sales Process
Hi,
Can anybody tell which accounting entries are hit when we create the following entries in third party sales process
1.When Sales Order is created.
2.When PR is Created
3.When ME21N is done
4.MIGO
5.MIRO
please provide your valuable suggestion..
Thanks...Hi,
1. When Sales Order is created.
No FI Entry
2. When PR is Created
No FI Entry
3. When ME21N is done
No FI Entry
4. MIGO
(GBB-VAY) COGS - 3rd Party A/c - Dr
(WRX) GR/IR Clearing A/c - Cr
5. MIRO
Vendor Account - Cr
GR/IR Clearing A/c - Dr
6. VF01
Customer Account - Dr
Sales Revenue A/c - Cr -
GR/IR Revaluation Accounting Entries
I need the related accounting entries for eg. I assume at goods receipt, the foreign denominated PO would be received and recorded in local currency at the current u201Cspotu201D exchange rate loaded into the system. My questions are:
1) Is the GR/IR revalued at each period end for changes in the balance sheet rate of foreign denominated items?
2) What value is relieved when the Invoice Receipt is matched to the GR/IR item u2013 the original goods receipt amount, the revalued amount, or something different?Hi,
1) Yes, the GR/IR can be revalued at each period end for changes in the balance sheet rate of foreign denominated items.
2) While clearing the GR/IR account the clearing currency can be defined, so the clearing can happen at foreign currency also. The original amount is compared for GR and IR.
Regards,
Gaurav -
Hello,
Any help is highly appreciated. Below is our problem.
We have a PO which was reveived in Oct-11 and somehow( a bug maybe ) There was no RECEIVE accounting entries created for this PO.
Now we are trying to re-create the accounting entries for this receipt and post them in DEC-11
For October we did a manual JE to balance.
I've a open SR with Oracle but not getting solution. Here are the steps analyst described.
1.) Update transaction date in rcv_trx table to december date (lets say sysdate)
2.) Then run a code where it calls this API.
RCV_AccrualAccounting_GRP.Create_AccountingEvents(
p_api_version => 1.0,
p_source_type => 'RECEIVING',
p_rcv_transaction_id =>l_parent_trx_id,
--p_direct_delivery_flag=>l_direct_delivery_flag,
--p_gl_group_id => l_je_group_id
x_return_status => l_return_status,
x_msg_count => l_msg_count,
x_msg_data => l_msg_data
And this fails even though the periods are OPEN.
Here is the log file:
Receipt_TXN : 6156606
PO Header ID : 452874
Consigned PO : N
Error ocurred while creating Accounting
l_msg_count : 1
l_msg_data : FND FND_AS_UNEXPECTED_ERROR N PKG_NAME RCV_AccEvents_PVT N PROCEDURE_NAME Create_ReceivingEventStatement -50 N ERROR_TEXT ORA-01403: no data found
Receipt_TXN : 6156593
PO Header ID : 453806
Consigned PO : N
Error ocurred while creating Accounting
l_msg_count : 2
l_msg_data :
ThanksHi
Found the issue, Silly mistake.
Code had "fnd_client_info.set_org_context" for initialization, It should be mo_global.set_policy_context since we are on R12.
Thanks
Manu -
Accounting entry not posted but MBEW table shows total stock and value
Hi
My R/3 version 4.7
I have a material which is stockable and valuated of material type ERSA(Spare parts)
This material was created in may 2007 and material ledger activated,i dont see master records in accounting view in material price analysis tab for the month may 07 till aug 07,and i see master recordsfor the month sep 07 till jan 08
For this particular material in the report MB51 for all the 3 material documents posted,there are no accounting entries in accounting document.
Also in the report output the field amount in local currency is zero for all the 3 material documents.
1.1st material document with mvt 202 for qty 1 posted in the month of may 07,no entries in acc.doc
In this case,MSEG-DMBTR(amount in local currency) was not updated
Also i dont see master records for this period in accounting view in material price analysis tab,in material master.
2.2nd material document with mvt 261 posted for qty 1 in the month of nov,no entries in acc.doc
In this case,MSEG-DMBTR(amount in local currency)was not updated.
I see master records for this period in accounting view in material price analysis tab with stock 1 qty and value zero
3.3rd material document with mvt 101 posted qty 1 in the month of dec,in this case once GR is done MSEG-DMBTR(amount in local currency) was not updated,but mbew has the entries for stock and value.
Can any one let me know why the system is not updating the mseg-dmbtr and as well affecting MB51 report
Regards
RathaThe settings in Customizing which define that no negative stocks are allowed for the storage type, have only an effect on the transfer orders. In addition, you must also set message L9040 as an error message. For this, call up the Customizing and branch to: 'Logistics Execution -> Warehouse Management -> Interfaces -> Inventory Management -> Allow negative Stocks in Interim Storage Types'. There, execute point 'Control of System Messages in Warehouse Management' and enter message type 'E' for message number L9040
-
Accounting Entry for Depot Excise Invoice
Hi Gurus
We make a STO from factory to depot. I have posted the depot excise invoice via J1IJ but Im unable to see the accounting entry for the excise invoice..
Im able to see the acounting entry for excise invoice for factory sales thru J1IIN..
Pls advise
Rgds..VinzHi Vinz,
I would like to explore more for ur info.
When u create Excise invoice at Factory Using J1iin, accounting entries flow to the system. When u transfer it to Depot, u credit the Excise amount using MIRO and post it to RG23D ( Depot Register)
The value of the excise for which u have taken credit from ur factory would be passed on to customer now.
If you notice carefully, when u take credit of Excise entry in RG23d No accounting entry flows in the system, only value & qty gets updated to Register.
Generally, while deciding the selling price from depot u consider Basic price + Excise duty. since u are passing on the excise benefit to customer, using proforma excise invoice (transaction J1IJ)
So there is no wuestion of accounting entries.
Hey CIN Gurus.. correct me if i am haveing any misconcepts regarding this.
Hope this is clear to you now..
Reward if helpful.. -
Accounting entry against Excise invoice not created for Service Tax sales
Dear all,
I am facing one problem related to accounting entry against excise invoice not created, for service tax sales scenario in SEZ plant.
Accounting entry against billing document is generated,which contains revenue account-Debit entry,service tax 10% --Debit entry,ECS-Service tax 2% --Debit entry, SECess Service Tax 1% --Debit entry & Sundry Debtors (Reco) - Domestic(Customer receivable reconciallation) account-Credit entry.
But after generating excise invoice, accouning entries not generated for clearing of Cenvat suspense entry(i.e.service tax 10% ,ECS-Service tax 2% , SECess Service Tax 1%) which is generated during billing document.
Plz. suggest step by step guideline to resolve this issue.
Thanks & Regards,
Mukesh PardeshiHi ReazuddinMD,
thanks for your reply and support...I checked all the entries/accounts maintained correct.. but the Accounting entrys against Excise invoice not created..
Now i am geeting error as below at the time of saving Excise invoice,
No account is specified in item 0000000001
Message no. F5670
Diagnosis
No account was specified for account type "S" in item "0000000001" of the FI/CO document.
System Response
The Financial Accounting program cannot process the document.
Procedure
A system error has probably occurred in the application you called up. Check the data transferred to item "0000000001" of the FI/CO document. -
Process flow of excise duty from procurement to sales accounting entry with amount.
Dear Expert ,
Kindly any one help the process flow of excise duty calculation from procurement to sales accounting entry with amount. for example.- if material amount is Rs. 10,0000 and excise duty is 8% , edu ecss 2 % , and sec ecss 1%. I want know the accounting entry on- MIGO, J1IEX, MIRO, F-43 AND , PGI, BILLING DOCUMENT, J1IJ , TR6 CHALLAN, J2IUN.
Regards
AkshayaHi,
In case of
A. Procurement : there are two types of procurement viz. Local and Import
LOCAL
1. MIGO
Inventory A/c Dr
To GR?IR
2. J1IEX
CENVAT Receivable (Basic) A/c - Dr
CENVATReceivable (Ecess) A/c - Dr
CENVAT Receivable (S & H) A/c - Dr
To CENVAT Clearing
3. MIRO
CENVAT Clearing A/c - Dr
To Vendor A/chrough
4. F-43
No excise entry through SAP direct posting but through manual posting in case using TAXINN procedure.
5. TR6 Challan
PLA Payment (Basic) A/c - Dr
PLA Payment (Ecess) A/c - Dr
PLA Payment (S & H) A/c - Dr
To PLA on Hold A/c
IMPORT
1. MIRO
ECS+SECS on Cus+CVD A/c Dr (consists of ECS on custm+cvd and S & H on custm+cvd)
CVD Clearing A/c Dr (consists of Additional Duty CVD and CVD)
Customs Clearing A/c Dr (consists of Basic Customs)
To Customs Vendor
2. MIGO
Inventory A/c - Dr
To GR/IR A/c
To Customs Clearing (consists of Basic Customs)
To ECS+SECS on Cus+CVD (consists of ECS on custm+cvd and S & H on custm+cvd)
3. J1IEX
CENVAT Receivable (Basic) A/c - Dr
CENVATReceivable (Ecess) A/c - Dr
CENVAT Receivable (S & H) A/c - Dr
To CVD Clearing
4. F-43
No excise entry through SAP direct posting but through manual posting in case using TAXINN procedure.
5. TR6 Challan
PLA Payment (Basic) A/c - Dr
PLA Payment (Ecess) A/c - Dr
PLA Payment (S & H) A/c - Dr
To PLA on Hold A/c
Sales
1. PGI
COGS A/c Dr
To Inventory
2. Billing Document
Excise
ED Suspense A/c Dr
To Liability for BED
To Liability for ECS
To Liability for S & H
Customer
Customer A/c Dr
To ED Suspense A/c
To Revenue
To VAT / CST
Hope your doubts are clear.
Regards,
Tejas -
Accounting entries for OTC life cycle
Hi Guys,
I was wondering if anyone of u can explain me the complete accounting entries that get credited and debited....right from booking an order till reconcilation (the whole OTC life cycle).
Thanks & Regards,
Ravi.All looks good but there can be exceptions if you introduce two variables:
1. Invoicing Rules and Acconting Rules. These will affect your accouting in AR (Invoicing Rule will affect your Receivables and Accounting rule will affect the revenue accounting).
2. If you are on R12, there is Customer acceptance process that will change the accounting on both COGS and Revenue accounting a little bit but the final entry remains the same as you mentioned.
Forgot to mention: In someones blog on in Metalink's section where customer's documents are uploaded in knowledge base, I found a decent document that can help you with some more information.
Thanks
Nagamohan
Edited by: Nagamohan on Oct 2, 2008 6:11 PM -
Cannot Add a new Accounting Entries - SDK
Dear Sir,
I need to add an accounting entry into SAP BO via SDK.
I am using the following code:
For iColCount = 1 To lFactorColl.Count
'//Search Accounting information
oTable = oDataSet.Tables("DocList")
Dim oSRows() As DataRow = oTable.Select("FactorCode = '" & lFactorColl.Item(iColCount).ToString & "'")
oJE = oCompany.GetBusinessObject(SAPbobsCOM.BoObjectTypes.oJournalEntries)
Try
iIndex = 0
oJE.TaxDate = CDate(Right(oDate, 2) & "/" & Mid(oDate, 5, 2) & "/" & Left(oDate, 4))
oJE.DueDate = CDate(Right(oDate, 2) & "/" & Mid(oDate, 5, 2) & "/" & Left(oDate, 4))
oJE.ReferenceDate = CDate(Right(oDate, 2) & "/" & Mid(oDate, 5, 2) & "/" & Left(oDate, 4))
oJE.Memo = "test"
'// Set the first lines for the clients invoices - credit side
For iRowCount = 0 To oSRows.GetUpperBound(0)
iIndex = iRowCount
oJE.Lines.SetCurrentLine(iIndex)
'sAccountKey = GetAccountKey(oSRows(iRowCount)("CardCode"))
oJE.Lines.ShortName = oSRows(iRowCount)("CardCode")
'oJE.Lines.AccountCode = oSRows(iRowCount)("CardCode")
'sAccountKey = GetAccountKey(oSRows(iRowCount)("FactorCode"))
'oJE.Lines.ContraAccount = sAccountKey
sFactor = lFactorColl.Item(iColCount + 1).ToString
oJE.Lines.Credit = CDbl(Replace(oSRows(iRowCount)("Amount"), ".", ","))
sTotalAmt = sTotalAmt + CDbl(Replace(oSRows(iRowCount)("Amount"), ".", ","))
oJE.Lines.Add()
Next iRowCount
'Set the factor line - debit side
iIndex = iIndex + 1
oJE.Lines.SetCurrentLine(iIndex)
'sAccountKey = GetAccountKey(sFactor)
'oJE.Lines.AccountCode = sFactor
oJE.Lines.ShortName = "02"
oJE.Lines.Debit = sTotalAmt
oJE.Lines.Add()
If oJE.Add = 0 Then
Dim num As Integer
oCompany.GetLastError(num, sStr2)
SBO_Application.MessageBox(sStr2)
Else
SBO_Application.MessageBox("Import was successful!")
oJE.SaveXML("c:\JournalEntries" + Str(oJE.Number) + ".xml")
End If
Catch exception1 As Exception
End Try
Next
this code does not generate any error but no accouting entry are entered although if i try to enter it manually, it is saved in the database.
please advise what it is wrong in my code making it not working properly.
PS: both credit and Debit side in my entry is using the BP code and not G/L account.
Best RegardsThere are a couple of things that I noticed, if I'm reading your code right. First, it appears you are
issuing the oJE.Lines.Add() command at the end of your loop (which would be in preparation for filling that line with data after reading the next row back at the top of the loop). If that's the case then when you fill your last good line item with data, you're going to add a blank line into the object, and I think that would fail.
Also, it appears that when you try to add the Journal entry with the code I've copied below,
you are only checking for error messages when the Add succeeds:
If oJE.Add = 0 Then
Dim num As Integer
oCompany.GetLastError(num, sStr2)
SBO_Application.MessageBox(sStr2)
Else
SBO_Application.MessageBox("Import was successful!")
oJE.SaveXML("c:\JournalEntries" + Str(oJE.Number) + ".xml")
End If
I think that the first line of code, above, should be if oJE.Add <> 0 then....
Are you getting your message that says "Import was successful!")? -
Accounting Entry IN Free Goods Scenario
Hi Gurus,
Could you please tell me , what is the accounting entry in Free Goods scenario ?
Advance Thanks to All .
Regards,
Aditya Kumar PatraHello Aditya,
For Free goods we use R100 condition type for 100% discount.
when invoice is posted system post credit entry to Revenue account for price condition PR00 and other components in pricing as we post for normal sales invoice.
For R100 condition type system debit the account for free goods account which can be expenses account .
At the end customer will not be debited so there will be no receivables against customer.
accounting entry will look like as below
Revenue account Cr
Free goods account Dr.
Hope it will help.
ATP
Maybe you are looking for
-
Right-click on windows 8.1 with update (problems)
Hi guys. I have a strange problem on Windows 8.1 with update. If I right click on a file the Menu opens and closes in same second. It does not happen if I click on folders. Even if I sign out from Windows it's the same. Any hints? bostjanc
-
How do I change the clips in my Sequence from DV to 1280x720 422?
Hello newbie-ish question here --Is there a way I can get a sequence back to the original footage's 1280x720 Apple 422 format from 720x480 DV? I thought it was set correctly but the default is DV and that's the way the sequence got edited. How can i
-
IPhone Performance in Washington DC/Northern Virginia?
Thinking about making the switch from sprint Treo 700p to iphone. Anyone in DC/Mclean have experience with the performance of iphone here. Reception, EDGE speed, reliability, reception in a govt building downtown, etc. Thx!
-
Are BB technicians allowed to ask for Yahoo! or other third party password?
Hi, I need to know from the BB policy stand point, if their technicians are instructed to ask for third-party email password for whatever setup/troubleshoot reason. Thanks
-
Another bug in CC: Global colors will not convert
In CS5 I often converted a global color by using the Color Panel flyout menu: "Invert" or "Complementary". This is no longer possible in CC. The color must first be converted to CMYK or RGB. I realize the conversion loses to "Global" designation, but