FI INTEGRATION WITH MM

[Former Member]

Dear friends,

Please provide me process/steps the Realtime Fi integration with MM.

its very helpful for me.

Thanks in advance.

[former_member565100]

FI-MM Integration

Main screen of FI-MM integration is OBYC

Here we have to link the MM movement types to FI G/L accounts

Points to know : Movement Types, Assignment of Movement types to T-keys (T-code OMJJ), Value string (I also need some information on this) , OMWN and OMWB transactions.

There is a close integration b/w FI & MM, actually document flows from MM to FI in the following areas such as,

1. Movement Types:

Used to enable the system to find the predefined posting rules determining how the accounts of financial accounting system are to be posted & to update the stock fields in the matrl master data.(Goods Receipt, Goods Issue, etc)

2. Valuation Class:

Assignment of material to grp of gl account, used to determine the gl accounts that are updated as a result of goods movement.

3. Transaction/Event key:

Used to control the storage or filing of documents & assignment of documents.Used to differeniate b/w various transactions such as goods movement tht occur in inventory.

4. Material Type:

Each material should assign mtrl type in mtrl master record used to update whether changes made in qty are updated in material master record & change in value also updated in stock account

Process Flow in 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)