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  • Acocunting Entries in SAP - Purchasing

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    Nitin
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    This document outlines the accounting entries and transaction keys for goods receipt against a purchase order under two different price control scenarios: 1) When raw materials are valued using moving average price (Price Control V), the goods receipt is posted to the raw materials stock account and the GR/IR clearing account. The invoice is then posted to the GR/IR clearing account and vendor reconciliation account. 2) When raw materials use standard price (Price Control S), the goods receipt is posted to the raw materials stock account, GR/IR clearing account, and price difference account. The invoice is then posted to the GR/IR clearing account and vendor reconciliation account.

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    This document explains the accounting entries for purchasing process

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    This document outlines the accounting entries and transaction keys for goods receipt against a purchase order under two different price control scenarios: 1) When raw materials are valued using moving average price (Price Control V), the goods receipt is posted to the raw materials stock account and the GR/IR clearing account. The invoice is then posted to the GR/IR clearing account and vendor reconciliation account. 2) When raw materials use standard price (Price Control S), the goods receipt is posted to the raw materials stock account, GR/IR clearing account, and price difference account. The invoice is then posted to the GR/IR clearing account and vendor reconciliation account.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views2 pages

    Acocunting Entries in SAP - Purchasing

    Uploaded by

    Nitin
    This document outlines the accounting entries and transaction keys for goods receipt against a purchase order under two different price control scenarios: 1) When raw materials are valued using moving average price (Price Control V), the goods receipt is posted to the raw materials stock account and the GR/IR clearing account. The invoice is then posted to the GR/IR clearing account and vendor reconciliation account. 2) When raw materials use standard price (Price Control S), the goods receipt is posted to the raw materials stock account, GR/IR clearing account, and price difference account. The invoice is then posted to the GR/IR clearing account and vendor reconciliation account.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Raw Material is on Moving Average Price (Price Control V)

    S.No. Business Step T Code Accounting Entry Posting Key

    1 GR against Purchase Order MIGO Dr. Raw Material Stock Account 100 89
    To GR/IR Clearing Account -100 96

    2 Invoice Booking MIRO Dr. GR/IR Clearing Account 100 86


    To Vendor (Reconciliation A/c) -100 31

    Raw Material is on Standard Price (Price Control S)


    S.No. Business Step T Code Accounting Entry Posting Key

    1 GR against Purchase Order MIGO Dr. Raw Material Stock Account 102 89
    To GR/IR Clearing Account -100 96
    To Price Difference A/c -2 96
    (also sometimes called as Puchase Price Variance)

    2 Invoice Booking MIRO Dr. GR/IR Clearing Account 100 86


    To Vendor (Reconciliation A/c) -100 31
    Price (Price Control V)
    Posting Key Description Transaction Key (Maintained in OBYC, can be
    found in Accounting Doc in BSEG)
    Stock inwrd movement BSX (Stock posting)
    GR/IR credit WRX (GR/IR clearing)

    GR/IR debit WRX (GR/IR clearing)


    Invoice KBS (Purchase order with account assignment)

    e (Price Control S)
    Posting Key Description Transaction Key (Maintained in OBYC, can be
    found in Accounting Doc in BSEG)
    Stock inwrd movement BSX (Stock posting)
    GR/IR credit WRX (GR/IR clearing)
    GR/IR credit PRD {Cost (price) differences}

    GR/IR debit WRX (GR/IR clearing)


    Invoice KBS (Purchase order with account assignment)

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