Once the material posting is done in MM ,I WOULD LIKE TO KNOW HOW THE TRANSACTIONS GET POSTED TO FICO MODULE

[Former Member]

Once the material posting is done in MM ,I WOULD LIKE TO KNOW HOW THE TRANSACTIONS GET POSTED TO FICO MODULE. SANJAY

[Former Member]

Hi Sanjay,

If you want understand how the Transaction flows from MM to FI then you need to understand the few configuration settings.  I will try to explain you in simple steps.

1)   MM documents posted to FI through valuation class mentioned in material master record under    Accounting 1 tab. (check MM01 while creating material)

2)   Each valuation class would be linked with G/L accounts based on the nature of transaction.

      -Go to OBYC

     -double click on BSX transaction key (save the screen after selecting valuation class)

     -Click on Accounts tab (system will take you to one more screen)

     - In this screen we actually link the valuation class and FI GL account

3) Whenever the material is posted Accounts will be updated automatically based on account assignment to valuation class which is specified in material master. 

This is the way transaction flows from MM to FI.  I hope you understand the logic now.  Please give the points if you like.  its important for me.

Thank you,

Inthiyaz.

[Former Member]

hi,

Integration of SAP FI with MM is done at OBYC.

In MM you purchase goods and to which you pay, the purchasing process has the following steps:

Step1: First you send a Purchase Order to the Vendor.

Here there won't be any accounting entry as this is simply like telling the Vendor what goods you want, its quantity and the date of delivery etc.,

Step 2: You will receive the Goods to the Purchase Order.

When you receive Goods you CAN NOT make the following entry

Inventory A/c Dr

To Vendor A/c

because, some of the goods you have received may be damaged or may not be upto the mark or for any other reason goods may reject, so before posting it to Vendor A/c we keep it in separate place till we verify the goods. And the actual entry will be:

Inventory A/c Dr (Transaction Key BSX @ OBYC)

To GR/IR A/c (Transaction Key WRX @ OBYC)

Here the goods received is Debited to inventory and Credited to a temporary A/c i.e., GR/IR a/c

Step 3: You will post an Invoice to the Goods received.

Here you will post the invoice after you are satisfied with the goods received, the entry will be

GR/IR A/c Dr

To Vendor A/c

Now the goods are moved from GR/IR A/c and Vendor is Credited. Now you got the final entry of Goods to Vendor Account i.e. 

Inventory A/c Dr

To Vendor A/c

i.e., Inventory A/c was Debited and Vendor A/c was Credit and GR/IR A/c is Dr and also Credited hence its balance became 'Zero', and it has to be Zero always.

Step 4: And make Payment to Vendor.

Vendor A/c Dr

To Bank Clearing A/c

Step 5: At the time of Bank Statement upload:

Bank Clearing A/c Dr

   To Bank Main A/c

Sharmila

[Former Member]

Hi Sanjay,

When a MM document is posted at the same time a FI dcumente is created (posted). Go to the TCode MB03 = display material document then click on accounting documents you will find  the FICO documents. Again click on those and you can see document  details.

I hope this will be useful for you.

John