Important Accounts for Invoice Verification
When you post an invoice, the system selects the accounts to be posted.
Account assignment is based partly on your entries when you create an invoice
and partly on information stored in the system.
A D V E R T I S E M E N T
Your entries provide the following information:
- Is the invoice posted as a net or as a gross amount?
- Which vendor account must be posted?
- Which G/L accounts must be posted?
- Which amounts must be posted?
The material master record provides the following information:
- Which valuation class does the material belong to?
- What type of price control is the material subject to?
- Which account must be posted for the material?
- Is the stock available smaller than the quantity invoiced?
Posted documents provide the following information:
- What is the purchase order price?
- Has there been a goods receipt for the purchase order?
- To post invoices correctly, your system administrator must define the accounts
in the chart of accounts and the actions to be taken for the different postings
when the SAP system is being installed in your company.
The SAP accounts are defined in a chart of accounts. The following accounts
are particularly important for Invoice Verification:
There is a separate account in the sub-ledger for each vendor that all amounts
concerning this vendor are posted to . Making a posting to the vendor account is
not the same as making a payment; payment is only made when the Financial
Accounting department posts the vendor's payment to a bank account.
In the R/3 System, you do not set up a separate account for each material.
Instead, different materials with similar features are grouped together in a
common account (for example, raw materials: acids). The account relevant for a
material is defined in the material master record when a material is created.
The system only posts to the stock account when a price difference occurs for an
GR/IR Clearing Accounts
The GR/IR clearing account is an "intermediate" account between the stock
account and the vendor account. At goods receipt, the net invoice amount
expected is posted to the stock account. The offsetting entry is posted to the
GR/IR clearing account. This posting is then cleared by an offsetting entry on
the vendor account at invoice receipt.
The system makes postings to special tax accounts when invoices include tax.
Price Differences Accounts
Price differences have to be posted to a price difference s account if price
differences have occurred in an invoice and when invoices are posted net and no
posting can be made to the stock account.
Cash Discount Clearing Account
When you post an invoice net, the cash discount amount is taken into account in
the invoice, it reduces the value of the items; the offsetting posting is made
to the cash discount clearing account, which is then cleared when payment is
Freight Clearing Account
The stock account is debited with the planned delivery costs at goods receipt
and the system makes the offsetting posting to a freight clearing account. This
posting is then cleared by an offsetting entry to the vendor account at invoice