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Various Postings To The GL Account Postings

During various postings, the GL account postings will be taken place as follows:

For Domestic Procurement of Raw Material


During GR Material Stock Dr. GR/IR clearing Cr. During Excise Invoice Credit During Excise Invoice Credit Cenvat Account Dr. Cenvat Clearing Cr.. During Invoice Verification During Invoice Verification Cenvat Clearing Dr. GR/IR Clearing Dr. Vendor Payable Cr. For Domestic procurement of Capital Goods During GR Material Stock Dr. GR/IR clearing Cr. During Excise Invoice Credit During Invoice Verification Cenvat Account Dr. (50%) Cenvat On-hold Dr. (50%) Cenvat Clearing Cr. XXXX XXXX

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During Invoice Verification During Invoice Verification Cenvat Clearing Dr. GR/IR Clearing Dr. Vendor Payable Cr. Subsequent of Capital Goods Subsequent of Capital Goods Cenvat Account Dr. (50%) Cenvat On-hold Cr. (50%)

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For Import Procurement of Raw Material


During Customs Duty clearing invoice During Customs Duty Clearing invoice Custom Clearing Dr. Custom Payable Cr. During GR During GR Material Stock Dr. GR/IR clearing Cr. During Excise Invoice Credit During Excise Invoice Credit Cenvat Account Dr Custom Clearing Cr. During Invoice Verification During Excise Invoice Credit GR/IR Clearing Dr. Vendor Payable Cr. For Excise Duty Credit of Raw Material without PO Excise Duty Credit of Raw Material without PO Cenvat Account Dr. Cenvat Clearing Cr. For Excise Duty Reversal through Excise JV Excise Duty Reversal through Excise JV Cenvat Account Dr. Cenvat Clearing Cr. During Excise Invoice Creation During Excise Invoice Creation Cenvat Suspense Account Dr. Cenvat payable Cr For TR6C Challan TR6C Challan PLA Account Dr. PLA on hold Account Cr.

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During Fortnightly Utilization Fortnightly Utilization Cenvat payable Dr. Cenvat payable Dr. PLA Account Cr.

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FI - GR/IR
In SAP, the moment you save the MIGO transaction, it automatically generates FI document. It will create following entry:Raw Material Stock A/c Dr To GR/IR Clearing A/c XXXX XXXX

In MIGO transaction itself, you can post Excise by choosing Capture and Post Excise Invoice. The FI document will be as follows: RG23A Basic Excise Duty A/c Dr RG23A Education Cess A/c Dr To CENVAT Clearing A/c XXXX XXXX XXXX

After doing MIGO, you execute MIRO. In this transaction also, SAP will generate FI document automatically. The entry will be as follows:GR/IR Clearing A/c Dr CENVAT Clearing A/c Dr VAT Setoff A/c Dr To AP-Vendor A/c

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Integration of FICO with Other Modules


FI-MM: The integration between FI-MM happens in T-code OBYC. 1. When PO is created: ---- No Entry ----2. When GR is posted Inventory Account Dr (Transaction Key BSX in OBYC) To GRIR account (T.Key WRX in T-code OBYC) 3. When Invoice is posted GRIR account Dr. Vendor account Cr. 4. Payment made to Vendor Vendor A/c Dr To Bank Clearing A/c Cr. XXXX XXXX XXXX XXXX XXXX XXXX

Points to know: Movement Types, Assignment of Movement types to T-keys (T-code OMJJ), Value string (I also need some information on this), OMWN and OMWB transactions. There is a close integration b/w FI & MM, actually document flows from MM to FI in the following areas such as, 1. Movement Types: Used to enable the system to find the predefined posting rules determining how the accounts of financial accounting system are to be posted & to update the stock fields in the material master data.(Goods Receipt, Goods Issue, etc) 2. Valuation Class: Assignment of material to grp of gl account, used to determine the gl accounts that are updated as a result of goods movement. 3. Transaction/Event key: Used to control the storage or filing of documents & assignment of documents.Used to differeniate b/w various transactions such as goods movement tht occur in inventory. 4. Material Type: Each material should assign mtrl type in mtrl master record used to update whether changes made in qty are updated in material master record & change in value also updated in stock account. FI-SD Integration: The integration is done in T-code VKOA 1. Sales Order Created ---No Entry--2. PGI done (Goods issue) Cost of Goods Sold Dr (Configured in OBYC GBB T-Key) To Inventory Account 3. Billing document released to Accounting Customer Account Dr. To Sales Revenue Account (ERL T-key in Pricing procedure) Note : The GL account is assigned to this ERL in VKOA 4. Payment Received XXXX XXXX XXXX XXXX

Bank Clearing A/c Dr Customer A/c Cr.

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Points to Know : Good to understand the pricing procedure and how the different transaction keys are used like ERL, ERS etc.