Does the Migo generate FI postings or do we manually do the posting.
If we do it manually what is the T.Code to do it.
2. How do we reverse an Invoice?
We go to miro and enter a credit memo.
How do we post the reversal entry?
In SAP, the moment you save the MIGO transaction, it automatically generates FI document. It will create following entry:
Raw Material Stock A/c Dr
To GR/IR Clearing A/c
In MIGO transaction itself, you can post Excise by choosing Capture and Post Excise Invoice. The FI document will be as follows:
RG23A Basic Excise Duty A/c Dr
RG23A Education Cess A/c Dr
To CENVAT Clearing A/c
After doing MIGO, you execute MIRO. In this transaction also, SAP will generate FI document automatically. The entry will be as follows:-
GR/IR Clearing A/c Dr
CENVAT Clearing A/c Dr
VAT Setoff A/c Dr
To AP-Vendor A/c
Reversion of entry of material purchase can be in entered on rejection of material partially or wholly. In this case, you will have to raise a debit note on the vendor. But before raising debit note, you have to first ensure that the Invoice verification of the material (to be rejected) is complete at the time of purchase.
Purchase documents cannot be reversed directly like pure financial document entry. To reverse the material document,
following procedure should be followed.
1) Create Return Delivery (MIGO)
2) Reverse the Excise Duty Posted (J1IS)
3) Raise the debit Note. (MIRO)
Cancel Invoice In MR8M
While cancelling invoice in mr8m, I'm getting a message that FI documents to be cancelled manually. What does this means?
If the cancellation / reversal of MIRO invoice is done through MR8M, only the MM invoice / documents gets reversed but the FI document will not be reversed or cancelled.
We have to follow the following procedure.
1. Goto T.Code MIRO
2. Select Credit Memo in the transaction field.
3. Fill up all the details in the fields for the invoice to be reversed.
4. Give the P.O. no
5. Select the line item to be reversed.
6. Simulate and save.
The impact will be as CR - GR/IR clearing a/c DR - Vendor a/c
By this procedure, the purchase order history in P.O. will also get updated and there is no requirement of any manual clearing. Only in the Vendor a/c, the DR. and CR should be knock off.
How to configure Automatic Clearing of GR/IR?
Follow the following steps:
Define Adjustment accounts for GR/IR Clearing
Path: IMG-F/A-G/L/A-Business Transactions-Closing-Regrouping-Define adjustment accounts for GR/IR clearing
Double Click on BNG Transaction Key
System will ask you chart of accounts update it.
Again update the following
Reconciliation account: Enter the GL code i.e. GR/IR clearing account (Goods Receipt/Invoice receipt)
Adjustment account: Enter the GL code i.e. GR/IR correction account
Targ. Acct : Enter the GL code GR/IR Invoiced but goods not yet received
Again Double click on GNB Transaction Key
System will ask you chart of accounts update it.
Update the following: -
Reconciliation account: Enter the GL code i.e. GR/IR clearing account (Goods Receipt/Invoice receipt)
Adjustment account: Enter the GL code i.e. GR/IR correction account
Targ. Acct : Enter the GL code GR/IR Shipped not invoiced
Do the above steps.
The goods receipt/invoice receipt (GR/IR) clearing account is a provision account, and is posted to whenever you receive goods that have not been invoiced yet or whenever you receive invoices for goods that have not been delivered yet.
In this activity you define the numbers of the adjustment and target accounts for the automatic postings for the GR/IR clearing account.
Transfer postings have to be made at the balance sheet date to reflect the goods invoiced but not delivered and the goods delivered but not invoiced.
Transaction code F.19 analyzes the GR/IR clearing account and posts adjustments entries for outstanding amounts to adjustment accounts. It makes the offsetting entry to the account for goods delivered but not invoiced or to the account for goods invoiced but not delivered (target account).
by Allan Eduardo Favaron
SAP FI Consultant
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