Answer / mohammad amjad farooq

system identified the entry debit and credit with the
transaftion code like BSX which is for Goods Receipts
(trading goods) and you will assign the GL account against
this transaction code and account modification,valution
class. same way it will credit to WRX for GR/IR clearing
account.

Answer / patel

Let me clarify the High Level overall process of Account Determination. The account determiantion usually takes place through combination of Material Type, Valuation Class, Valuation Grouping Code, Valuation Area, Movement Type, Chart of Accounts, Transaction Key and then the GL will be determined. So the steps in the account determination is:

1) MM creates material type. Material type has Account category reference in it.

2) MM creates valuation class and they assign the valuation class to the material type through Account Category Reference.

3) While creating a material master, a valuation class is assigned in the accounting 1 view.

4) Activate valuation grouping code and assign it to valuation area.

5) Now create a PO for the material created on step 3 with a price.

6) During MIGO_GR 101, the accounting entries posted are Inventory Account-BSX Debited, GR/IR Account Credited. 

The movement type is assigned to the Acccount Grouping Code and Account Grouping Code has transaction key in it. In the Transaction Key BSX under OBYC we maintain Valuation class and GL Account. So during 1010, system picks the GL account through the transaction key and the valuation class. WRX comes in action only when the posting is related to external accounting.

If you are planning to bring inventory into storage location (Movement Type 561) then a different posting will takes place. As it is a one time activity,it does not deal with external accounting like vendor accounts. In this case, Inventory Account BSX will be debited and GBB-BSA will be credited. System determines the GL through Account Modifier. 

When you check in OMJJ (Movement Type 561), under account grouping code, the transaction key will be GBB and Account Modifier will be BSA. This means, during 561 posting, the account modifier decides which GL account the posting should be done to.

I hope, I have cleared your concept of account determination.

Answer / prayag

You are right Amjad bhai.. The system picks the account w.r.t purchase order and through debit and credit keys (within account assignment category)the posting is done to right account.

Answer / mohammed manan

 With the trasaction event keys BSX For inventory account and WRX for GR/IR account for which The IMG setting should be in place. 

Answer / ali

amjad bhai can i have your mail id

shaik.alifico@gmail.com

Answer / rohit

GR/IR Account hit at the time of MIGO & MIRO Postings. For FI these are Enjoy Transactions, which determine Debit & Credit automatically as per Screen & Field of Transaction.

What do you mean by period based accounting (gl based) and cost of sales accounting (copa based)? Period based accounting? : co-pa

0 Answers  

differentiate between profit center and business area

0 Answers  

What do you mean by depreciation area? : fi- asset accounting

0 Answers  

What is periodic processing in fi-aa? : fi- asset accounting

0 Answers  

How is sub ledger linked to GL?

5 Answers  

hi all can any one explain me about document splitting. I have tried a lot in my 800 client but I am unable to get the desired result.when ever i have posted a document and when i went to document>display, the zero balance account is coming up for all the line items. thanks in advance

1 Answers  

What are the documents require for Born in sale in relation to sales tax?

1 Answers  

how to control transport cost with sale invoices :- I want to know how to map tranport cost with respective sale invoices. This help us to avoid duplicate transport payment. As in PO freight condition is maintained ,is there is anyway to link or map transport cost with sale invoices

0 Answers  

View / tahle v_anka_08 can only be displayed and maintained with restrions

0 Answers   LG Soft,

What are user exits and name an example where one could be used in the fi/co modules?

0 Answers  

In AP, there are some 10,000 vendors..youa re asked to make config in such a way that the payment is made business areawise..how do you do it?

5 Answers   Cognizant,

Explain derived depreciation? : fi- asset accounting

0 Answers