P2P Accounting-Entries

Purchase Cycle (PO till Invoice) · ME21N : Create PO : No Accounting-entry Freight Condition, change Vendor# for Freight · MIGO : Goods Received, (Movement-type +101) 89 13600000 Inv. Trading FG +ve Debit96 21120000 GR/IR -ve Credit50 21730000 Freight-Clearing 0ve Credit · MIRO : 2 Invoices against Single PO 1. Goods/Services Invoice2. Planned Delivery Cost … Continue reading P2P Accounting-Entries

Accounts Payables (AP) Process-TCODES

MM-FI Accounts Payable ME21N Create Purchase-OrderMIGO Receive goods against POMIRO Enter Incoming-Invoice MIR7 Park Incoming Vendor-Invoice MR8M Cancel Incoming-Invoice MIR6 : Invoice Overview (MIR6)MRRL : Evaluated Receipt Settlement (MRRL)MRNB : Revaluation (MRNB)MRIS : Invoicing Plan (MRIS) Invoice Verification in the Background (RMBABG00)In the status message, EDI invoices also receive the accounting document number Standard Document-type … Continue reading Accounts Payables (AP) Process-TCODES

AP – Vendor-Invoice

Accounts Payables : Invoice thru MM-FI (MIRO)PTP (Procure to Pay - against a Purchase Order)Direct ProcurementFinance - Invoice (FB60)Indirect ProcurementMIRO : if you have open PO and system needs to post the Invoices to close the status of POs - MIROif you wanted to generate inventory then you have to follow the PTP process and … Continue reading AP – Vendor-Invoice

Statistical WBS & Real WBS

What is Statistical Posting & REAL Posting in Controlling ? The posting in CO could be either actual or statistical. If you choose to post on 2 or more different cost objects, posting on one object will be real and and on all others - statistical. In most standard reports, you can see whether the figures mentioned … Continue reading Statistical WBS & Real WBS

Cost & Revenue on Project-WBS

Cost- Incurred during expense. In normal scenario we book this on cost centre. For booking it in wbs we have to enter wbs instead of cost centre. This field is available in all FI Posting T codes(Subject to field status variant config) beside cost centre. Similar is the case in revenue. Here we enter profit … Continue reading Cost & Revenue on Project-WBS

Auxiliary Account

What is Auxiliary Account? CO account assignment objects are used to collect the costs and revenues of a sales order and update them in CO. The system assigns the costs and revenues to different CO account assignment objects. In order to assign from SD into CO, there are many options. It is always to be distinguished … Continue reading Auxiliary Account

BPAY & SAP A/R

What is BPAY BPAY is an electronic bill payment system in Australia which enables payments to be made through a financial institution’s online, mobile or telephone banking facility to organizations which are registered BPAY billers. https://en.wikipedia.org/wiki/BPAY BPAY Process (End-to-End) BPAY Process : Process-Steps Explained : BPAY Biller (Your Organization) Register for BPAY Feature thru their Bank BPAY Biller … Continue reading BPAY & SAP A/R

Credit Management in S/4HANA vs FSCM Credit Management

https://blogs.sap.com/2018/06/07/credit-management-in-s4hana-vs-fscm-credit-management/ I look forward to hear about your experience in working in s/4HANA Credit Management. Sharing below a comparison of the solution, as per SAP Documents The need of Credit Worthiness of the Customer, Credit Assessment and the Challenges in managing Credit • Inconsistency in credit policy: No single source of truth and the information is … Continue reading Credit Management in S/4HANA vs FSCM Credit Management