P2P Accounting Entries

Event Account Description Debit Credit  

Purchase Requisitions No Entries
Purchase Order No Entries
Receiving inventory A/C DR
Goods Receipt
AP Accrual A/C CR
Inspection No Entries
inventory valuation A/C DR
Delivery
Receiving inventory A/C CR
AP Accrual A/c DR
Invoice
Supplier Liability A/C CR
Supplier Liability A/C DR
Payment
Bank A/C CR

Manufacturing Accounting Entries

Event Account Description Debit Credit
Material WIP Issue Inventory material A/c DR
WIP Material A/c CR
FG-WIP Completion WIP Material A/c DR
Inventory material A/c CR
Material overhead WIP issue WIP Material Overhead DR
Inventory material overhead/c CR
Material overhead WIP completion Inventory material overhead/c DR
WIP Material Overhead A/C CR
WIP Resource A/c DR
Resource WIP Issue
Resource Absorption A/C CR
Resource Absorption A/C DR
Resource WIP completion
WIP Resource A/c CR
WIP A/C DR
OSP WIP Issue
Receiving Inventory A/C CR
Receiving Inventory A/C DR
OSP WIP Completion
WIP A/C CR
WIP Overhead A/c DR
Overhead WIP Issue
Overhead WIP Issue
Resource Absorption A/C CR
Inventory Overhead A/C DR
Overhead WIP Completion
WIP Overhead A/c CR

Return to Vendor
Event Account Description Debit Credit
Receiving Inventory A/C DR
Return to Receive
Inventory Material Valuation A/C CR
AP Accrual A/C DR
Return to Supplier
Receiving Inventory A/C CR
Liability A/C DR
Debit Memo
AP Accrual A/C CR

Landed Cost Management

Event Account Description Debit Credit
Receiving Inventory A/C DR
Receipt AP Accrual A/C CR
LCM Absorption A/C CR
Inventory Valuation A/C DR
Delivery
Receiving Inventory A/C CR
AP Accrual A/C DR
LCM Absorption A/C DR
Invoice
Liability A/C CR
Liability A/C CR
Liability A/C DR
Payment
Cash/Bank A/c CR
 Order to Cash Accountin
Responsibility Form Event
sales order creation

pick & Release

Purchasing Receiving Option
Inventory Organization Parameter
Ship confirm

Inventory Organization Parameter

AR Invoice or Sales Invoice
Purchasing Receiving Option
Inventory Organization Parameter
Revenue Recognition
Purchasing Financial Option
Purchasing Financial Option
COGS Recognition
Cash Management Bank Accounts
AR Receipt

Responsibility Form Back to back Accounting

Event
Receipt

Delivery

Pick Release

Ship Confirm

AR Invoice or Sales Invoice

Revenue Recognition

COGS Recognition

AR Receipt
 IR-ISO
Event
Source Inventory

Responsibility Form Destination Inventory

Responsibility Form
Order to Cash Accounting Entries
Account Description Debit Credit Responsibility
No Entries
Inventory material value stage A/C DR Inventory
Inventory Material value FG A/C CR Inventory
Deffered COGS A/C      DR Inventory
Inventory Material Value stage A/C CR Inventory
Receivable A/c DR Inventory
Revenue A/C CR Receivable
Unearned Revenue Account DR Receivable
Revenue Account CR Receivable
COGS Account DR Inventory
Defferred COGS A/C CR Inventory
Cash Account DR
Receivable A/c CR Inventory

Back to back Accounting Entries

Account Description Debit Credit Responsibility
Receiving Inventory A/C DR
AP Accrual A/C CR
Inventory Material Valuation A/C - FG DR
Receiving Inventory A/C CR
Inventory Material Valuation A/C - Staging DR
Inventory Material Valuation A/C - FG CR
Deferred COGS Account DR
Inventory Material Valuation - Staging CR
Receivable Account DR
Unearned Revenue Account CR
Unearned Revenue Account DR
Revenue Account CR
COGS Account DR
Deferred COGS Account CR
Cash Account DR
Receivable Account CR
 IR-ISO
Account Description Debit Credit
Inter-Org Receivable A/C DR
Inventory Material Valuation A/C CR
Inventory Material Valuation A/C DR
Inter-Org Payable A/c CR
Form

Organisation Parameter
Organisation Parameter
Organisation Parameter
Organisation Parameter
Organisation Parameter
Transaction Types
Transaction Types
Transaction Types
Organisation Parameter
Organisation Parameter

Organisation Parameter

Form
Create Accounting- Cost Management

Create Accounting- Cost Management

Create Accounting- Receivable

3 Concurrent and then Run create accounting- Cost management

Create Accounting- Receivable

Record order management transaction
Collect Revenue Recognition Information
Generate COGS Recognition Events