Accounting in MIGO

[Former Member]

Hi

How during a Goods receipt accounting entries will be posted to correct G/L accounts?

regards

Jyothi

[Former Member]

Hi jyothi,

during the MIGO tranasction all relevant G\L accouns should be automatically updated. this will be facilitated thorough automatic accoount assingment (OBYC).

Once u done assingment in OBYC respective GL should be updated.

while assinging u should be careful about following points.

1)Valuation class of particular material

2) accounting group together with GL accout. becuase if u select wrong group ur entire reporting will go wrong.e;g that will update ur liablity account group instead ur inventory group.

Once u did all these correct ur tranction will update respective GL a\c automatically by taking movement type in to consideration. regarding movement type we need not do any thing. they are predefined and system will take automatically.

Regards

Rama rao.p

[BijayKumarBarik]

Hi,

When you go for transactions like GR,GI,SES,MIRO,STO,Payment then your respective G/L account updated. For updating the G/L accounts, the major elements responsible are valuation class, valuation Grouping Code , valuation Area, chart of account, transaction key, account grouping Code & movement type .

You have to go for Automatic Account determination and steps are as follow to updating G/L accounts

1.OMSK: Creation of valuation class and assigning account category refrence,

2.OMWM: Active Valuation Grouping Code,

3.OMWN: Active movement type with G/L account,

4.OMWD:Active valuation Area,

5.OMWB: Active chart of account, transaction key,valuation grouping code,account grouping Code, valuation Class and G/L accounts.

Regards,

Biju K

[Former Member]

there are two parts for this

in migo u woul;d be using some movement type suppose 101 now to this movement type a value string is attached

to the value string transaction keys are attached

101-special stock indicator -consumption indicator -value string -account modifier key- transaction key

then in tcode obyc

transaction key - chart of accoount- valuation grouping code - valuation class - acount modifier key (may or may not be) - g/l account

valuation grouping code and chart of account are assigned to the company code and plant

[former_member227232]

Hi,

It is due to Automatic Account Determination process which we set up using OBYC.

Factors influencing the G/L Account determination.

1. Valuation level ( plant or company code)

2. Chart of accounts and valuation grouping code per valuation area

3. Valuation class per material type

4. Account grouping for offsetting entries to stock accounts

Regards,

Vengat

[Former Member]

hi,

this is done through providing correct valuation class in material master.and proper linking of g/l accounts with valuation class.

regards

points if solved/helpful