on 07-08-2009 12:13 PM
Dear All,
I am using SAP B 1 2007B PL 12
Can anyone tell what is the significane or use of " Purchase Accounts Posting System" option in Basic initialization.
From help i was able to understand
"In localizations where purchase accounting is used, selecting this option enables purchase accounting"
Can anyone guide with help of example so that it will be more clear.
swapnil
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Thanks all topic understood.
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Hi Swapnil
The Purchase Accounts Posting System allows you to manage a company's budget and expenses. It is a sensitive definition in the sense that once it's activated and journal entries have been created it cannot be updated. Purchase accounts posting system has to be activated. Purchase accounts help you get the details of all the purchases made in a period, typically required to some legal reporting in these countries companies need to present a purchase ledger for statutory reporting. Purchase accounting is a legal requirement for Roman countries like Belgium, France, Portugal, spain. These countries need to present a purchase ledger for statutory reporting.
In companies which manage a continuous stock system, it is now possible to use the Purchase Accounts Posting System. This option includes the recording of expense accounts in journal entries created automatically due to purchasing documents which affect the inventory valuation: A/P Invoice (not based on a Goods Receipt PO), A/P Credit Memo, Goods Receipt PO and Good Returns.
Purchase accounting in SAP will not give desired results if sub contracting activities are involved. For settlements of subcontracting transactions, the system does not post to the purchase account nor to the purchase offsetting account.
Purchase account: When an A/P invoice or a goods receipt PO is created; the purchase account is recorded in the journal entry along with the same amount that is recorded for the stock account.
Purchase return account: When a goods return or an A/P credit memo is created, this account is recorded in the journal entry along with the same amount that is recorded for the stock account.
Purchase offset account: This account is an offsetting account for purchase account or purchase return account.
I hope this will clear your all doubts
Ashish Gupte
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Hi Ashish,
I would like to ask you about the MIRO part of the Purchasing Account Management.
I have configured the following steps in SPRO
SPRO > MM > Val & Acc Ass > Acc Determ > Acc Determ w/o Wizard > Pur Acc mgmt
1) Activate Account in Co Code
2) Calculation of Value for Purchase Account
3) Separate account document for Pur Acc Posting
a) Activate Sep Acc Doc for Pur Acc Post in Valuation Area
b) Create new document type for separate document
c) Configure Number Range for New Doc Type
d) IM: Configure doc type for separate FI doc
(I´ve copied WE doc and name it as WZ)
e) IV: Configure doc type for separate FI doc
(I´ve copied RE doc and name it as RZ)
Also configured OBYC: EIN, EKG, FRE
During Good Receipt, i succesfully get the separate accounting with accounts
(D) Purchase Account
(C) Purchase Offseting Account
However, when i want to get the same during Invoice Verification i only get the regular Accounts:
(D) Vendor Acc
(C) GR/IR offseting account
As far as I understand as per SAP documentation, i should be able to have this Purchasing Account Management in both operations (G.R. and I.Verification).
Could you explain how to configure this part?
many thanks in advance for any information or comment.
Regards,
Nicolas.
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