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Former Member

Pricing calculation issue.

Hi,

I have a specific issue regarding pricing:-

The requirement is that the following entry should be passed in accounting while billing:-

Dr. Revenue 100

Cr. AR 100

Dr. Cost of sales 5

Cr. TAX payable 5

For this requirement we have maintained a condition of TAX in pricing, assigned accrual key & account key & it is determined on net price. We have also assigned G/L (both columns) for the same in VKOA.

Now, when we create a order, in the pricing, the net value just above the conditions is showing Rs. 105. How can we possibly configure in the system. I tried making TAX condition as both Discount/Surcharge & Taxes.

Thanks in advance.

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5 Answers

  • Best Answer
    Jan 20, 2010 at 10:24 AM

    first of all,

    what makes you to maintain accounting entries as mentioned in your post.

    as you know, Total value of the billing document will be Debited to Customer a/c- & then the same amount will be distributed in different heads . ( excluding statistical / accrual conditions)

    Eg:

    Customer Dr - Rs. 105/-

    Revenue Cr - Rs.100/-

    Tax Cr - 5/-

    Cost of Goods sold already accounted when you perform PGI. Why you want the same after releasing invoice?

    It would be more helpful, if you post the complete requirement & clear.

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    Former Member
    Jan 20, 2010 at 10:52 AM

    Hi

    First let us know why cost of sales should come in accounting while raising invoice against sales. There are two points when accouting entries take place:

    1. At the time of PGI as

    Material ctrl a/c Dr

    Cos Cr

    2. At the time of billing

    Customer xyz Dr 105

    to sales 100

    to tax 5

    You can make this accounting schema understand to your client

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    Former Member
    Jan 20, 2010 at 10:17 AM

    Hi,

    Please explain Not getting wht u r requirement

    Now, when we create a order, in the pricing, the net value just above the conditions is showing Rs. 105. How can we possibly configure in the system. I tried making TAX condition as both Discount/Surcharge & Taxes.

    Kapil

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    Former Member
    Jan 20, 2010 at 10:19 AM

    Maintain in both the Condition Types i.e. Cost & Tax as statistical in the Pricing Procedure.

    Best Regards,

    Ankur

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    Former Member
    Mar 31, 2010 at 04:02 AM

    Hi :

    Pls tell us your solutions for the same... thanks a lot!!

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