on 06-26-2008 7:14 AM
Hi ,
I have a question on FI-MM integration entries.
For the first entry that is GOODS RECEIPT OF RAW MATERIAL AGAINST THE PURCHASE ORDER.
What will be the payment entry for the vendor? Where it will be done?
your help is highly appreciated.
Regards
srikanth
Hi,
The vendor can be payed in two ways:
- manually with t-code f-53
- automaticaly with the payement program - t-code F110.
It doesn't mater if the invoice was made in FI or in MM.
Best regards,
Sorin
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Process Flow for FI-MM
Step 1 Generating purchase requisition( PP-MM involved)
Step 2 Making inquiries (MM)
Step 3 Raising purchase order (MM)
Step 4 Release of purchase order ( MM)
Step 5 Goods received from vendor ( MM and FI )
Entry will be
Raw Material Inventory a/c Dr.
GR/IR clearing a/c Cr.
Step 6 Invoice verification and quality assurance (FI and MM)
Entry will be
GR/IR clearing a/c Dr
Vendor a/c Cr
Step 7 Goods issued for consumption(MM, FI and PP)
Entry will be
Raw material consumption a/c Dr
Raw material inventory account Cr
Step 8 Production receipt( FI, MM & PP)
Entry will be
Finished goods inventory a/c Dr
Change in stock Cr
Step 9 Finished goods delivered to customer(MM, SD & FI)
Entry will be
Change in stock Dr
Finished goods inventory a/c Cr
Step 10 Raising invoice on customers( SD & FI)
Customers a/c Dr
Sales a/c Cr
Step 11 Receipt of payment from customers( Same as SD-FI integration)
CUSTOMIZATION STEPS
Main screen of FI-MM integration is OBYC
Here we have to link the MM movement types to FI G/L accounts
Assign Following G/L accounts to movement type according to valuation class.
BSX- Raw material Inventory account
GBB- Raw material consumption account
WRX- GR/IR clearing account
Assign Points If found Useful.
Regards,
R.Ramakrishnaraj,
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