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    Accounting Entries in SAP FICO

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    satya narayana
    This document outlines various accounting entries in SAP FICO, including goods receipt, service entry, invoice verification, vendor payments, foreign vendor payments, outgoing and incoming checks, direct deposit, bank charges, advance payment to vendors, and advance receipt from customers. For each transaction type, it lists the accounts that are debited and credited along with short descriptions.

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    © All Rights Reserved
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    Accounting Entries in SAP FICO

    Uploaded by

    satya narayana
    60 views3 pages
    This document outlines various accounting entries in SAP FICO, including goods receipt, service entry, invoice verification, vendor payments, foreign vendor payments, outgoing and incoming checks, direct deposit, bank charges, advance payment to vendors, and advance receipt from customers. For each transaction type, it lists the accounts that are debited and credited along with short descriptions.

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    This document outlines various accounting entries in SAP FICO, including goods receipt, service entry, invoice verification, vendor payments, foreign vendor payments, outgoing and incoming checks, direct deposit, bank charges, advance payment to vendors, and advance receipt from customers. For each transaction type, it lists the accounts that are debited and credited along with short descriptions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    60 views3 pages

    Accounting Entries in SAP FICO

    Uploaded by

    satya narayana
    This document outlines various accounting entries in SAP FICO, including goods receipt, service entry, invoice verification, vendor payments, foreign vendor payments, outgoing and incoming checks, direct deposit, bank charges, advance payment to vendors, and advance receipt from customers. For each transaction type, it lists the accounts that are debited and credited along with short descriptions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Accounting Entries 

    in SAP FICO
    Here are complete SAP Accounting entries of debit and credit entries that help how to
    do accounting postings in SAP Financial Accounting modules.
     Goods Receipt Accounting Entries ( MIGO )
    GRIN Goods Receipt SAP Accounting
    Entries
    Particulars Debit  Credit 
    Goods Receipt /
    Inventory A/C DR  –
              GR/IR
    Clearing A/C  –  CR
              Freight
    Clearing A/C  – CR
             Other Expense
    Payable A/C  – CR
     
    Service entry Accounting Entries (  ML81N )
    Service Entry SAP Accounting Entries
    Particulars Debit Credit
     Expense A/C  DR  –
          GR/IR Clearing A/C  –   CR
     
    Invoice Verification SAP  Accounting Entries ( MIRO )
    Invoice Verification Accounting Entries
    Particulars    Debit   Credit 
    GR/IR Clearing Account  DR  –
    Freight Clearing Account  DR –
    Cenvat Input Clearing Account  DR –
    VAT Receivable Account  DR –
    Custom Duty Clearing Account  DR  
    Vendor Account (Accounts Payable) – CR
     
    Vendor Payments SAP Accounting Entries
    Vendor Payments Accounting Entries
    Particulars    Debit   Credit 
    Vendor Account (Accounts Payable) DR –
    Bank Account Account – CR
     
    Foreign Vendor Payments SAP Accounting Entries  – ( F-53 )
    Foreign Vendor Payments Accounting Entries
    Particulars    Debit   Credit 
    Vendor Account (Accounts Payable) DR –
    Bank Account Account – CR
    Foreign Vendor Payments Accounting Entries
    Exchange Rate Difference Account ( Loss ) DR –
    Exchange Rate Difference Account ( Gain) – CR
     
     Outgoing Checks SAP Accounting Entries  – FF67
    Outgoing Checks Accounting Entries
    Particulars Debit Credit
    Outgoing Checks Account DR –
    Bank Account – CR
     
    Incoming Checks SAP Accounting Entries  – FF67
    Incoming Checks Accounting Entries
    Particulars    Debit   Credit 
    Bank Account DR –
    Incoming Checks Account – CR
      Direct Deposit in Bank SAP Accounting Entries  – FF67
    Direct Deposit in Bank Accounting Entries
    Particulars Debit   Credit 
    Bank Account DR –
    BRS   Account – CR
    Bank Charges SAP Accounting Entries  – FF67
    Bank Charges Accounting Entries
    Particulars    Debit   Credit 
    Bank Charges Account DR –
    Bank Account – CR
     
      Advance Payment to Vendors ( Down Payment DP ) – F-48
    Advance payment to vendors Accounting Entries

    Particulars    Debit   Credit 

    Advance payment vendor ( Vendor Account ) DR –


    Bank Account – CR
          
      Advance Receipt from Customers  Accounting Entries  – F-29
    Advance Receipt from Customers Accounting Entries
    Particulars Debit Credit
    Bank Account DR –

    Advance Payment from Customer ( Customer


    A0/C )

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