Regarding the Purchase accounting system in SAP B1 9.1

[former_member227984]

Dear Experts,

Can any one help me to get the Process effect of Use purchase Accounting System in P/L and Balance Sheet.

Thanks and Regards,

Sachin Gautam

[former_member212181 · Accepted solution]

Hi Sachin,

Please find the attached images which may help you to understand better

[former_member227984 · Accepted solution]

Its Nice,

But sir i still need to get the effects in P/L and B/S

ThanksRegards,

Sachin

[former_member212181 · Accepted solution]

Hi Sachin,

I believe this there is no Balance sheet accounts effect by using purchase accounting system.

P&L accounts are getting affected but the net Total will be zero.

For Eg:

While Purchase (GRPO / Direct AP Invoice)

Purchase A/c Dr          100

Purchase Offset A/c Cr       100

While Purchase Return

Purchase Offset a/c Dr  100

Purchase Return A/c      Cr     100

So  Purchase A/c (100)-Purchase offset A/c (100-100=0)-Purchase Return A/c Will be always zero.

Thanks

Unnikrishnan

[former_member227984 · Accepted solution]

Hi Unnikrishnan,

In Purchase accounting system the freight/ Landed costs/ or the expenses is getting add in the Cost of Raw Material. and it will effect our expenses and the Liability also.

As i tried, Cogs amount is calculating from the GRPO / A/P Invoice + Landed Cost + Custom Duties.

thanks to you,

But still i am searching the Exact Effect of Purchase Accounting system in COGS. in P/L & B/S.

Question : Is client need to go for purchase accounting system or Not....(if yes or no, then why? need difference of both with effect in COGS.

Thanks

Sachin

[KennedyT21]

Hi Sachin ...

The Purchase Accounts Posting System allows you to manage a company's budget and expenses. It is a sensitive definition in the sense that once it's activated and journal entries have been created it cannot be updated. Purchase accounts posting system has to be activated. Purchase accounts help you get the details of all the purchases made in a period, typically required to some legal reporting in these countries companies need to present a purchase ledger for statutory reporting. Purchase accounting is a legal requirement for Roman countries like Belgium, France, Portugal, spain. These countries need to present a purchase ledger for statutory reporting.

In companies which manage a continuous stock system, it is now possible to use the Purchase Accounts Posting System. This option includes the recording of expense accounts in journal entries created automatically due to purchasing documents which affect the inventory valuation: A/P Invoice (not based on a Goods Receipt PO), A/P Credit Memo, Goods Receipt PO and Good Returns.

Purchase accounting in SAP will not give desired results if sub contracting activities are involved. For settlements of subcontracting transactions, the system does not post to the purchase account nor to the purchase offsetting account.

Purchase account: When an A/P invoice or a goods receipt PO is created; the purchase account is recorded in the journal entry along with the same amount that is recorded for the stock account.

Purchase return account: When a goods return or an A/P credit memo is created, this account is recorded in the journal entry along with the same amount that is recorded for the stock account.

Purchase offset account: This account is an offsetting account for purchase account or purchase return account.

Also already discussed in lot of threads

purchase a/c system in B1

use purchase account posting system

Re: purchase a/c system in B1

FREE OF COST - Purchase Accounting

Re: use purchase account posting system

Purchase Account Posting System.

Regards

Kennedy

[former_member227984]

Thankyou Sir,

Its helpful, but my purpose to get effects in P/L & B/S. So Looking for Full Process of Purchase Accounting system with Screen shots in SAP.

Thankyou

Regards,

Sachin