Freight entries

[Former Member]

While configuring OBYC i need to give Transaction keys to FI people. I have a doubt what this FR1,2,3,4  will do

What type of accounts should be assigned...Expenditure or liablity account what type of account will it be??

What is this provision - FR2 how and when it will be useful??

Please suggest

[former_member213924 · Accepted solution]

Freight clearing (FR1), provision for freight charges (FR2), customs duty clearing (FR3), provision for customs duty (FR4)

These transactions are used to post delivery costs (incidental procurement costs) in the case of goods receipts against purchase orders and incoming invoices. Which transaction is used for which delivery costs depends on the condition types defined in the purchase order.

You can also enter your own transactions for delivery costs in condition types.

FR2 used for Octroi clearing.

These transaction keys we use with condition types in pricing procedure.

Regards,

Samir Rana

[Former Member · Accepted solution]

Can i say that this is only an liability account.....Is there any difference between liability and expenditure account..

[former_member213924 · Accepted solution]

Freight GL SHould be as a Balance Sheet (Liabilities) account not required any cost center or assigning in OKB9.

Entry on MIGO: When Freigh to be included in material cost.

Inventory Dr 100

GR/IR Clearing Account cr  90

Freight Clearing Account cr 10

MIRO:

GR/IR Clearing Account 90 Dr

Freight Clearing Account 10 Dr

Vendor Account 100

This is the entry.

Note: Vendor is liability and unless miro is not done GR IR/Freight Clearing account are considered as liability.

Regards,

Samir Rana