ACCOUNTING ENTRIES

Tips to remember Accounting Entries related to P2P Cycle by Ganesh Padala

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Dear Friends,

Thanks for your strong support. As per many of your requests, I made video on Accounting Entries related to P2P Cycle.

I hope it will be helpful for you. Watch and Share with your SAP Circle.

Best Regards,

Ganesh

What are the accounting entries when you do the Goods Receipt for the Intra Company Stock Transport Order?

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The correct answer is  – NO ACCOUNTING ENTRIES. Accounting document will be created during Post Goods Issue at Supplying Plant but there won’t be any accounting document during Post Goods Receipt at Receiving Plant

 

Note: No other condition types are having value in PO Conditions. Only valuation price is available.

 

Below screen shots will give better clarity to understand the answer

Purchase Order Conditions Tab:

You can find the condition tab has the Valuation Price condition type only

Purchase Order History Tab:

In this screen shot, I have highlighted the Material Document related to Post Goods Receipt

Goods Receipt Material Document Display screen:

You can find the highlighted message at the bottom on the screen which is prompted by the system after clicking FI Documents button. I hope , this screenshot has given you the clarity to understand the answer NO ACCOUNTING ENTRIES for GR against Intra Company STO 

Thanks and Best Regards,

Ganesh Padala

Goods Receipt with Inbound Delivery in WM

/ ganeshsapmmwm / 3 Comments

Dear Friends,

I came with a video about GR process with Inbound Delivery in SAP Warehouse Management. I hope it will be useful for your learning. Watch the video and give your valuable comments.

Best Regards,

Ganesh Padala

WordPress.com

SAP MM Mock Interview 3 by Ganesh Padala

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Dear Friends,

In this video, I covered few important interview questions. I hope these will be helpful to clear interviews. You can watch the video from below link

 

Regards,

Ganesh

ganesh.sap2015@gmail.com

SAP MM Consignment Procurement Process

/ ganeshsapmmwm / 10 Comments

Hi Friends,

I provided the Consignment procurement process in this document

Vendor Consignment is a process wherein the supplier provides materials and stocks them in the purchaser’s premises. The material remains in the books of the supplier (vendor) until the same is withdrawn from the stock of the consignment and put to use. The inventory gets transferred to the books of the purchaser only when the same is removed from the consignment stock. The supplier (vendor) would not invoice the purchaser initially when they come into the premises of the purchaser. The purchaser is liable to pay the supplier (Vendor) only when the stock is withdrawn (consumed).

Prerequisites:

  1.  Special Procurement type Consignment has to be given in Material Master (Optional)
  2. Create Consignment Info Record –Mandatory
  3. Maintain OBYC settings for Transaction Key KON –Consignment Accounts Payable
  4. Maintain Output Condition Records for Output type KONS with Transaction Code MRM1

 Process Steps:

  1. Create Purchase Order with Item Category K– Consignment- T Code ME21N
  2. Goods Receipt against Consignment Purchase Order,Mvt Type 101 K – No accounting Entries – T Code MIGO-Goods Receipt
  3. Transfer the Consignment Stock to Own stock- Transfer Posting –411 K –T Code MIGO-Transfer Posting

Accounting Entries:

Here Debit means +Ve and Credit means -Ve.

Consignment Payable – KON – Credit

Stock – BSX – Debit

  1. Invoice Settlement – MRKO

Accounting Entries:

Consignment Payable(KON) – Debit

Vendor Account – Credit

  1. Payment F110 or any other payment transaction

Accounting Entries:

Bank Account – Credit

Vendor Account – Debit

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Regards,

Ganesh

ganesh.sap2015@gmail.com

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