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journal entries in SAP FICO

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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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Answers (1)

Answers (1)

TammyPowlas
Active Contributor
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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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Hi Tammy,

Thank you for your quick response.

I need help to understand above journal entries with tcodes for buying and selling of goods.

Thank you.

TammyPowlas
Active Contributor

I think more specifics are needed.

Are you looking at journal entries (e.g. transaction FB03)?

Or something just general, as covered in this YouTube video? https://www.youtube.com/watch?v=1TuMuEp7edM