FI-MM SCENARIOS JOURNAL ENTRIES BY CHIRAG THAKKAR

SCENARIO - 1
PURCHASE ORDER CREATED - 01-01-2024 for 50 QTY @ 100 Rs. Each
ON 10-01-2024 GOODS RECEIPT DONE FOR 50 QTY @ 100 RS. EACH.
ON 18-01-2024 INVOICE RECEIPT DONE FOR 50 QTY @ 110 RS. EACH.
Stock not issued for sales or production.
PROCESS JOURNAL TRANSACTION
ENTRIES CODES

GOODS DR INVENTORY A/C - 5000

MIGO
RECEIPT CR GR/IR A/C - 5000

STOCK ISSUE NO ENTRY NA

INVOICE DR GR/IR A/C - 5000

DR INVENTORY A/C - 500 MIRO
RECEIPT CR VENDOR A/C - 5500

SCENARIO - 2
PURCHASE ORDER CREATED - 01-01-2024 for 50 QTY @ 100 Rs. Each
ON 10-01-2024 GOODS RECEIPT DONE FOR 50 QTY @ 100 RS. EACH.
ON 18-01-2024 INVOICE RECEIPT DONE FOR 50 QTY @ 110 RS. EACH.
Stock issued for sales 25 QTY
JOURNAL TRANSACTION
PROCESS
ENTRIES CODES

GOODS DR INVENTORY A/C - 5000

MIGO
RECEIPT CR GR/IR A/C - 5000

DR COST OF GOODS SOLD A/C - 2500

STOCK ISSUE NA
CR INVENTORY A/C - 2500

DR GR/IR A/C - 5000

INVOICE DR INVENTORY A/C - 250
MIRO
RECEIPT DR PURCHASE PRICE VARIANCE A/C - 250
CR VENDOR A/C - 5500

FOLLOW ME
S4HANA FINANCE CONSULTANT, TRAINER AND MENTOR - MAKING SAP CONCEPTS SIMPLE TO UNDERSTAND
FI-MM SCENARIOS JOURNAL ENTRIES BY CHIRAG THAKKAR
SCENARIO - 3
PURCHASE ORDER CREATED - 01-01-2024 for 50 QTY @ 100 Rs. Each
ON 10-01-2024 GOODS RECEIPT DONE FOR 50 QTY @ 100 RS. EACH.
ON 18-01-2024 INVOICE RECEIPT DONE FOR 50 QTY @ 110 RS. EACH.
Stock issued for sales 50 QTY
JOURNAL TRANSACTION
PROCESS
ENTRIES CODES

GOODS DR INVENTORY A/C - 5000

MIGO
RECEIPT CR GR/IR A/C - 5000

DR COST OF GOODS SOLD A/C - 5000

STOCK ISSUE NA
CR INVENTORY A/C - 5000

DR GR/IR A/C - 5000

INVOICE DR INVENTORY A/C - 0**
MIRO
RECEIPT DR PURCHASE PRICE VARIANCE A/C -500
CR VENDOR A/C - 5500

BASIC CONCEPT
In SAP, the integration between Financial Accounting (FI) and Materials
Management (MM) modules is crucial for ensuring accurate and seamless
business processes. The integration between FI and MM involves the flow
of information related to procurement, inventory management, and
financial accounting.
CONFIGURATIONS
Being an FI Consultant our role here is to provide the correct GL Account
to the MM Consultants for Inventory A/c, GR/IR Account and Vendor
Account.
TRANSACTION CODE-- OBYC
GL Account is mapped to the Valuation Class(maintained in material
master by MM Consultant) and Transaction Keys.
SCAN ME
GL ACCOUNT TRANSACTION KEYS

INVENTORY A/C BSX

GR/IR A/C WRX

VENDOR A/C RECON A/C (master)

S4HANA FINANCE CONSULTANT, TRAINER AND MENTOR - MAKING SAP CONCEPTS SIMPLE TO UNDERSTAND
 FI-MM INTEGRATION PROCESS BY CHIRAG THAKKAR
PROCURE-TO-PAY MODULE JOURNAL TRANSACTION
PROCESS RESPONSIIBILITY ENTRIES CODES

PURCHASE
MM NO ENTRY ME51/ME51N
REQUISITION

PURCHASE
MM NO ENTRY ME21/ME21N
ORDER

GOODS DR INVENTORY A/C

FI-MM MIGO
RECEIPT CR GR/IR A/C

INVOICE DR GR/IR A/C

FI-MM MIRO
RECEIPT CR VENDOR A/C

VENDOR DR VENDOR A/C

FI CR OUTGOING BK. CL. F110/F-53
PAYMENTS A/C

S4HANA FINANCE CONSULTANT, TRAINER AND MENTOR - MAKING SAP CONCEPTS SIMPLE TO UNDERSTAND