Skip to Content
author's profile photo Former Member
Former Member

Reconcile WIP in GL with CO-PA

hi experts ,

could you advice to reconcile the WIP account displayed as Expenses element in GL Income Statement

with CO-PA income Statement .

when match the operating profit of GL with operating profit of CO-PA is not matched by the value of WIP .

could you advice what can i do to reconcile the WIP .

Noted the journal of WIP :-

DR. inv.change WIP [Balance sheet account ]

CR.inv change work in process [Profit and Loss accounts ]

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • Posted on Jun 09, 2014 at 07:12 AM

    Hi Emad,

    FI (P&L accounts) will not reconcile with COPA until the WIP is reversed.

    WIP will be reversed when you set the order or WBS as TECO and run the settlement.

    Remember that only the periodic data of 'Calculated cost' (Cost of Sales) or "Revenue Affecting Net Income' flows to COPA.

    This will happen when WIP is reversed.

    BR

    Abhi

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jun 09, 2014 at 08:18 AM

    Hi,

    You can create the WIP P/L account as a cost element and use it in OKB9 to transfer to COPA. You need to link it to a value field as well in KEI2.

    regards

    Ali

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Ajay Maheshwari

      Hi Ajay,

      It is still possible in EhP5 so I don't see where you got this information from.

      The message can be customized to warning and a cost element can be used in OKG8.

      Message no. KQ119

      Diagnosis

      When maintaining the posting rules for passing on results analysis data to Financial Accounting, you entered a G/L account that is defined as a primary cost element in cost and revenue element accounting. This is not allowed. You must enter a G/L account in the posting rules that is not defined as a cost element.

      System Response

      The entry invalid.

      Procedure

      You have the following options:

      • Enter a G/L account for which no cost element is specified in Cost and Revenue Element Accounting.

      You can change the message type with user-defined error management (transaction OPR4_KKA). What should be observed when you enter a G/L account in a posting rule that is defined as a primary cost element in Cost and Revenue Element Accounting? You need to define a CO account assignment so that the posting defined in the posting rule can be executed. You do this with transaction OKB9 (default account assignment) or OKC9 (substitution), or using the default account assignment in the cost element master.

  • author's profile photo Former Member
    Former Member
    Posted on Jun 10, 2014 at 01:54 AM

    Hi Emad,

    Please let us know if the info provided resolved your issue.

    Thanks

    Ali

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      Hi,

      The standard SAP is to have P/L WIP account as a NON cost element. Therefore it should NOT be posted in COPA.

      When you calculate WIP system uses cost elements of type 31 to post WIP in CO (Define update - OKGA).

      For your question: "but during my revision i found that WIP appear as acost element in Gl income statement and on the same time it's posted to CO_PA it's A standard or No"

      What do you mean by GI income statement?

      Does the PL WIP account is created as a cost element and defined in OKB9 to post to COPA?

      More specifically, what business users are trying to achieve exactly in your case? Are they ok using SAP as standard?

      Regards

      Ali


Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.