Various accounting entries in SAP :-

1)    Goods receipt against purchase order for various material:- 

a)    Raw materials goods receipt against purchase order (Movement type 101)

Raw Material Inventory A/C Dr.  45000

          To GR/IR clearing RM a/c         Cr.   40000

          To  Freight clearing RM a/c        Cr     5000

 

b)    Packaging materials goods receipt against purchase order (Movement type 101) 

Packaging material Inventory A/C Dr.  22000

         To GR/IR clearing PM a/c         Cr.    20000

         To  Freight clearing PM a/c        Cr      2000

 

c)    Traded materials (Goods purchased for resale) goods receipt against purchase order  (Movement type 101) 

Traded Material Inventory A/C Dr.  30000

        To GR/IR clearing Traded a/c         Cr.   25000

        To  Freight clearing Traded a/c        Cr     5000

 

d)    Stores and spares materials goods receipt against purchase order  (Movement type 101) 

Stores and spares material Inventory A/C Dr.  30000

       To GR/IR clearing Traded a/c         Cr.   25000

       To  Freight clearing spares a/c        Cr     5000

 

 

 

2)    Invoice verification against purchase order for various material:-

a)    Invoice verification for Raw Material against purchase order

     GR/IR clearing RM a/c         Dr.   40000

     Freight clearing RM a/c        Dr      5000

        To Vendor                            Cr    45000 

       b)    Invoice verification for Packaging Material against purchase order

    GR/IR clearing PM a/c         Dr.   20000

    Freight clearing PM a/c        Dr      2000

        To Vendor                            Cr    22000

 

     c)    Invoice verification for Traded Material against purchase order

 GR/IR clearing Traded a/c       Dr.   25000

 Freight clearing Traded a/c      Dr      5000

   To Vendor                                Cr    30000

    d)    Invoice verification for Stores and spares against purchase order

GR/IR clearing spares a/c       Dr.   25000

Freight clearing spares a/c      Dr      5000

    To Vendor                                Cr    30000

  e)    Invoice verification for Raw Material (when there is 50% stock coverage) and  vendor  has charged higher price of Rs 2 per kg. Original price Rs 10.

Good Receipt – 100 kgs

Good Issue    -  50 kgs

Good balance – 50 kgs

GR/IR clearing Raw Material a/c     Dr. 1000 (Rs 10 *100kgs) 

Raw material stock a/c                    Dr     100 (Rs 2 *50 kgs stock available)

Price difference Raw Material a/.c   Dr     100 (Rs 2 *50 kgs stock not available)

      To Vendor                                               1200     

For various other accounting entries refer the SAP FICO Configuration Set.

 

 

Jai Shree Krishna

 

 

SAP Collection Management

SAP Collection Management which is part of the FSCM module helps companies to do active and proactive collection of receivables. It is a must know for all SAP FICO consultants. It is very much in demand.

http://www.sapficoconsultant.com has once again come with the simple easy to understand material with detailed screen shots.

Here is the preview material:-

http://www.sapficoconsultant.com/SAP_Collection_Management_Config_preview.pdf

Best Regards

SAP Dispute Management

SAP Dispute Management is part of Financial Supply Chain Management. It helps companies effectively track, monitor receivables related disputes.

http://www.sapficoconsultant.com has once again come with simple and easy to understand step by step material.

Here is the preview material

http://www.sapficoconsultant.com/pdf/SAP_DisputeManagementpreview.pdf

As always you will like this material.

Best Regards,