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