Accounting Entries for MM, FI

related
Labels: SAP FI, SAP FICO, SAP MM
○ What should be my accounting entry in procurement?
For Domestic Procurement of Raw Material
During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr.
Cenvat Clearing Cr.
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
Cenvat Account Dr. (50%)
Cenvat On-hold Dr. (50%)
Cenvat Clearing Cr.
During Invoice Verification
Cenvat Clearing Dr.
GR/IR Clearing Dr.
Vendor Payable Cr
Subsequent of Capital Goods
Cenvat Account Dr. (50%)
Cenvat On-hold Cr. (50%)

For Import Procurement of Raw Material

During Customs Duty Clearing invoice

Custom Clearing Dr.
Custom Payable Cr.
During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr.
Custom Clearing Cr.
During Invoice Verification
GR/IR Clearing Dr.
Vendor Payable Cr.

For Excise Duty Credit of Raw Material without PO

Cenvat Account Dr.

Cenvat Clearing Cr.
 For Excise Duty Reversal through Excise JV

Cenvat Clearing Dr.

Cenvat Account Cr.

○ What should be my accounting entry when the goods are issued through MM and excise invoice
is created (J1IS & J1IV)?
During Excise Invoice Creation
Cenvat Suspense Account Dr.
Cenvat payable Cr.

For TR6C Challan

PLA Account Dr.
PLA on hold Account Cr.

During Fortnightly Utilization

Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.

Note: Cenvat Suspense Account should be cleared appropriately using FI JV's.

○ What should be my accounting entry in subcontracting reversal / Recredit?

For Subcontracting Challan Reversal
Cenvat Reversal Dr.
Cenvat Account Cr.
For Subcontracting Challan Recredit
Cenvat Account Dr.
Cenvat Reversal Cr.

○ What should be my accounting entry in SD ?

For Factory Sale

During Billing Document

Customer Account Dr.
Sales Account Cr.
Cenvat Suspense Account Cr.

During Excise Invoice Creation

Cenvat Suspense Account Dr.
Cenvat payable Cr.

For TR6C Challan

PLA Account Dr.
PLA on hold Account Cr.

During Fortnightly Utilization

Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.

For Stock Transfer through SD

No Accounting entries for Performa Billing Document

During Excise Invoice Creation

Cenvat Suspense Account Dr.
Cenvat payable Cr.
 For TR6C Challan
PLA Account Dr.
PLA on hold Account Cr.

During Fortnightly Utilization

Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.

Note: Cenvat Suspense Account should be cleared appropriately using FI JV's.

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Accounting Entries related to MM

transactions...
Labels: SAP FI, SAP FICO, SAP MM

Initial stock entry:

Movement type - 561(Receipt per initial entry of stock balances into unrestricted-use)
TCODE - MB1C
FI Document Type - WA

89 Raw material BSX S

91 Initial Stock entry GBB BSA H
Physical inventory differences:
Movement type – 702 (Goods Issue – Physical Inventory difference) this is triggered because of the
movement type 102, which is given while calculating the difference – INV: for expenditure/income from
inventory differences
TCODE - MI07 (MI01 & MI04)
FI Document Type - WI

81 Inventory differences – GBB INV S

G/L
99 Raw material BSX H
Goods Issue to Production Order:
Movement type - 261 (Consumption for order from warehouse) – VBR: for internal goods issues (for example,
for cost center)
TCODE - MB1A
FI Document Type - WA: Goods Issue

81 Raw material Consumption GBB VBR S

99 Raw material BSX H
In case Movement type given is 201(Consumption for cost center from warehouse), at
the time of MB1A system asks for the COST CENTER & GENERAL LEDGER. Here, the
account determination happens directly from MB1A and not from the OBYC. Accounting
entry will be same as above except the 'Raw material Consumption'; it triggers whatever
the GL given.
Goods Issue / Delivery: SD
Movement type - 601 (Customer delivery) – VAX: for goods issues for sales orders without account assignment
object (the account is not a cost element)
TCODE - VL02
FI Document Type - WL: Goods Issue/Delivery

81 Mater. consumed/trading GBB VAX S

 goods without cost
element COGS
99 Finished Goods BSX H
Goods Receipt: FG PP
Movement type - 101 (Goods Receipt) – GBB-AUF: for goods receipts for orders (without account assignment)
and for order settlement if AUA is not maintained
TCODE - MB31 Goods Receipt for Production Order
FI Document Type - WE: Goods Receipt

89 Finished Goods BSX S

91 Inventory change – factory GBB AUF H
output COGP
Goods Receipt: RM MM
Movement type - 101 (Goods Receipt)
TCODE - MIGO Goods Receipt for Purchase Order
FI Document Type - WE: Goods Receipt

89 Raw Material BSX S

96 GR / IR Clearing account WRX H
Invoice Receipt: RM MM
Movement type - 101 (Goods Receipt)
TCODE - MIGO Goods Receipt for Purchase Order
FI Document Type - WE: Goods Receipt

86 GR / IR Clearing account WRX S

31 Vendor account KBS H
KBS – is without any account determination and posting keys are 81 & 91. It triggers
when there is no material is assigned in the PO at that time.
WRX – In case of any posting required without material, account determination should
be without valuation class.
If price changed at the time of IR, then based on the difference in the material price
system posts amounts to particular material account and not to the price difference
account (this is related to the materials with price control – V).
Material Valuation: MM
Movement type -
TCODE - MR22 Dr/Cr Material – material valuation (below given calculation) & MR21: Price
Change (Difference amount posts to the material account and calculation is ((New price – Old price) * Quantity)
FI Document Type - PR: Price change – Below entry in case of price increase

89 Raw material BSX S

93 Material Valuation UMB H

Calculation - { Current Stock Value + ( Amount given in MR22 / Quantity given

in MR22 * Cr. Quantity )}

Billing Document: SD
TCODE - VF01 Billing - VF11 Cancel Billing
FI Document Type - RV: Billing document transfer - RW: Reversal of billing

01 Customer account BSX S

 50 Sales Revenue account UMB H
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