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author's profile photo Rahul Shelke
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Rahul Shelke

journal entries in SAP FICO

Posted on Nov 03, 2019 at 02:16 PM 94 Views

Hi All,

Can someone please guide me regarding journal entries for below in SAP FICO module:

1) Sales and Purchase entry
2) Sales return and Purchase return entry

Please advise me which T-Code do I need to use for above entries.

Appreciate for your time.
Thanks in advance.

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  • author's profile photo Tammy Powlas
    Tammy Powlas
    Posted on Nov 03, 2019 at 05:08 PM
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    Both depend on what you are buying/selling

    Generally, if you are buying assets, the debit would be to assets, credit goes to liability

    If you are buying something to be expensed, debit goes to expense, credit to liability

    Sales:

    Debit Revenue

    Credit Receivables

    But this is too high level; I recommend discussing with your accounts

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