SAP Managed Tags: FIN (Finance) Hi, We are collecting TCS while scrap sale. Below accounting entry is getting generated. Above entry doesn't seems correct as there is no TCS liability ? As per my understanding, there should be 2 credit entries and 1 debit entry for TCS. Please guide ...
In SAP the Movement you save the MIGO Transaction, it automatically generate FI Document. It will create the following entry. i). Inventory Raw Material A/c Dr To GR/IR Clearing A/c Cr In MIGO Transaction itself, you can post Excise by choosing capture and post Excise Invoice. The FI D...
Solved: Dear Gurus, Below is a sample snapshot of the accounting entries generated by our subcontracting. Debit entries is composed of WIP Invty, toll
3) The period in which the status of the order changes to DLV or TECO, system will reverse the WIP entry , if any, posted in the previous period and entry for Variance will be generated. So, only WIP entry is created means, the status of the order is NOT TECO or DLV hence variance...
A condition typewrites its value to a key established in the configuration outside the pricing procedure. That key is called the Account Key in SAP MM, which is a table entry that tells the pricing procedure where to copy calculated condition values for revenue account determination in SAP. ...
Welcome to my fourth blog post in the series of Intelligent Technologies for Finance with SAP S/4HANA Cloud. Here is a recap of earlier blog posts in the series of
SAP Managed Tags: SAP ERP, MM (Materials Management) Hi all, Need to Create PO for 100 rs and it has discount of 5%. when i do GR the accounting entries should be 95 GR/IR clearing account 95 Inventory account. only these two entries i should get..not other extra entry in accoun...
Hello Experts,When I post the document , I am getting an error Balancing field “Business Area " in line item 002 not filled1. I checke ...What is the accounting entry for withholding tax with down payment for vendor? What is the accounting entry for withholding tax with down payment ...
Profit Center and its connection with Cost Center in SAP Sometimes we activateProfit Center Accountingscenario in the Financial Accounting module. Or we use classic Profit Center Accounting. In that case, the system expects an entry in the Profit Center field. However, if we don’t assign a pr...
Function M..A. Overview of the Clearing ProcessAn accounting entry on the asset & liability side often needs