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author's profile photo Former Member
Former Member

Accounting document in STO

Hi,

When ,I am doing MIGO in STO,I am not getting accounting document.

Only Cenvat Entry is being generated.As result Credit balance shows in Cenvat Clearing A/c .What could be the reason for that.

Regards

Prabudh

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2007 at 10:01 AM

    hello

    Accounting doc will be generated at the time of transfer of material from sending plant ie at the time of 351 movement

    at the time of MIGO 101 accouting doc will not be generated

    u have created outgoing excise invoice in sending plant there u have created accounting doc for excise invoice

    BED -

    ecess -

    modvat clearing acc +

    and in reciving plant u creat entry

    BED +

    ecess +

    modvat clearing acc -

    So its getting cleared

    or if u are doing acc entries as followes in sending plant

    BED Sales -

    Ecess Sales -

    Cenvat suspance Acc +

    then u hae to clear this cenvat suspance Acc manually with modvat clearing account in Reciving plant

    or

    create one Subtransation say ST like we have 01 for subconteracting and IP for imports

    In account determination of excise

    for OTHR and subtran ST put modvat clearing account under Cenvat suspance account

    so that entrioes will pass

    BED Sales -

    Ecess Sales -

    Modvat clearing account +

    thus it will clear

    note when u do outgoing excise for sendinging plant it will be necessary to put ST in subtranstation

    reward if usefull

    Message was edited by:

    Umakant Bhangale

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 23, 2007 at 10:32 AM

    Hi,

    Please goto transaction OBYC and check if the accounts have been assigned to the valuation class of that particular material.

    The transaction key for the same will be GBB.

    Reward points if it helps.

    Regards

    Karan

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