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author's profile photo Former Member
Former Member

Incorrect entry in MIRO.

Hi Guys,

On simulation of delivery cost (MIRO), I get the following entry:

Freight Clearing dr.

Service Tax Input Credit- Basic dr.

ABC logistics Cr

Whereas It should have been:

Freight Clearing dr.

Service Tax Input Credit- Basic dr.

ABC logistics Cr

stock of material Cr

Why is GL of material stock not getting credited while doing MIRO, although in MIGO stock entry appears. What is missing and where ..?

Regards,

SK.

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Aug 28, 2013 at 07:36 PM

    Hi,

    If you are processing only your delivery cost in MIRO without making value changes then the entry which you are getting is correct.

    ie.

    Freight Clearing dr.

    Service Tax Input Credit- Basic dr.

    ABC logistics Cr

    But if you make any value changes for ex: if freight cost in PO is 1000 but while processing MIRO you are changing it to 1500 then in that case.

    Freight Clearing dr.

    Service Tax Input Credit- Basic dr.

    stock of material dr

    ABC logistics Cr

    Similarly if you reduce the amount, then following will be the postings.

    Freight Clearing dr.

    Service Tax Input Credit- Basic dr.

    stock of material Cr

    ABC logistics Cr

    Thanks n Regards,

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  • Posted on Aug 28, 2013 at 12:37 PM

    I believe you have selected Service tax code while paying the Planned delivery costs (Freight) in MIRO. In that case why would material account triggers? Please elaborate your requirement.

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 28, 2013 at 06:03 PM

    Hi,

    Material accounts are hit during MIRO only when there is price difference between your PO and Invoice.

    If there is no price variance, the entries you find are absolutely correct.

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 29, 2013 at 05:11 AM

    Hi,

    For the freight cost during MIRO the entries which you are getting correct assuming this is Planned Delivery charges .

    Note in MIGO frieght cost can be controlled wether you want it in Material Cost or different freight G/L .

    regards

    yasmeen

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  • Posted on Aug 28, 2013 at 12:15 PM

    material got debited and freight clearing for credited while doing MIGO, isnt it?

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