Academic Tutorials



English | French | Portugese | German | Italian
Home Advertise Payments Recommended Websites Interview Questions FAQs
News Source Codes E-Books Downloads Jobs Web Hosting
Chats

Material Management
Material Management Introduction
Material Management Transaction
Material Management TCodes1
Material Management TCodes2
Material Management Tables
Material Management Differences
Material Management Negative Stocks
Material Management Fields
Material Management Business Process
Material Management Number Range
Material Management Storage Location
Material Management Delete Storage
Material Management Price Control
Material Management Split Valuation
Material Management Material Valuation
Material Management Base Unit
Material Management Batch Handling
Material Management Config Setting
Material Management Stock Calculation
Material Management LIS
Material Management Logistic Invoice Verification
Material Management Invoice
Material Management Vendors
Material Management Purchase
Material Management Pricing Procedures
Material Management Purchase Order
Material Management GR
Material Management Configuration Tips
Material Management FI
Material Management Cross Company Transaction
Material Management Physical Inventory
Material Management Inventory Concepts
Material Management Archiving Material Master

HTML Tutorials
HTML Tutorial
XHTML Tutorial
CSS Tutorial
TCP/IP Tutorial
CSS 1.0
CSS 2.0
HLML
XML Tutorials
XML Tutorial
XSL Tutorial
XSLT Tutorial
DTD Tutorial
Schema Tutorial
XForms Tutorial
XSL-FO Tutorial
XML DOM Tutorial
XLink Tutorial
XQuery Tutorial
XPath Tutorial
XPointer Tutorial
RDF Tutorial
SOAP Tutorial
WSDL Tutorial
RSS Tutorial
WAP Tutorial
Web Services Tutorial
Browser Scripting
JavaScript Tutorial
VBScript Tutorial
DHTML Tutorial
HTML DOM Tutorial
WMLScript Tutorial
E4X Tutorial
Server Scripting
ASP Tutorial
PERL Tutorial
SQL Tutorial
ADO Tutorial
CVS
Python
Apple Script
PL/SQL Tutorial
SQL Server
PHP
.NET (dotnet)
Microsoft.Net
ASP.Net
.Net Mobile
C# : C Sharp
ADO.NET
VB.NET
VC++
Multimedia
SVG Tutorial
Flash Tutorial
Media Tutorial
SMIL Tutorial
Photoshop Tutorial
Gimp Tutorial
Matlab
Gnuplot Programming
GIF Animation Tutorial
Scientific Visualization Tutorial
Graphics
Web Building
Web Browsers
Web Hosting
W3C Tutorial
Web Building
Web Quality
Web Semantic
Web Careers
Weblogic Tutorial
SEO
Web Site Hosting
Domain Name
Java Tutorials
Java Tutorial
JSP Tutorial
Servlets Tutorial
Struts Tutorial
EJB Tutorial
JMS Tutorial
JMX Tutorial
Eclipse
J2ME
JBOSS
Programming Langauges
C Tutorial
C++ Tutorial
Visual Basic Tutorial
Data Structures Using C
Cobol
Assembly Language
Mainframe
Forth Programming
Lisp Programming
Pascal
Delphi
Fortran
OOPs
Data Warehousing
CGI Programming
Emacs Tutorial
Gnome
ILU
Soft Skills
Communication Skills
Time Management
Project Management
Team Work
Leadership Skills
Corporate Communication
Negotiation Skills
Database Tutorials
Oracle
MySQL
Operating System
BSD
Symbian
Unix
Internet
IP-Masquerading
IPC
MIDI
Software Testing
Testing
Firewalls
SAP Module
ERP
ABAP
Business Warehousing
SAP Basis
Material Management
Sales & Distribution
Human Resource
Netweaver
Customer Relationship Management
Production and Planning
Networking Programming
Corba Tutorial
Networking Tutorial
Microsoft Office
Microsoft Word
Microsoft Outlook
Microsoft PowerPoint
Microsoft Publisher
Microsoft Excel
Microsoft Front Page
Microsoft InfoPath
Microsoft Access
Accounting
Financial Accounting
Managerial Accounting
Network Sites


Complete Purchase Cycle Till FI


Previoushome Next






Complete Purchase Cycle Till FI

Let us go about purchase cycle:

A D V E R T I S E M E N T

1. Purchase Requistation : First Purchase requisation has to made to purchase department wheever the product need by the user or production depaartment.They are created by tcode me51k.

2. Once the purchase requested, then the purchase department will search for the materail, where available and when available. That is called Material determination.

3. After the search of material is over, then look for who are the parties , who is going to supplies the material in competitive rate. Then select the correct vendor is known as material determination.

4. After that Tender process done through Tcode-ME41.

5. After finilisation of Tender, the vendor selected and purchase order issued. The Creation of Purchase Order is ME21N. There will not be any finance entry while creating the Purchase Order.

6. Once the purchase order issued, then by the terms of PO, the vendor will supply the materials. The Receipt of Good (GR) , done through MIGO or if it is an service entry done through ML81N.

The Entry will be

Inventory account - dr-
GR/IR Clearing a/c - cr-
Purchase a/c - dr-
Purchase offset a/c -cr-

GR/IR clearing is a intermediate account, will be used to connect cost and vendor.

In GR/IR clearin a/c - 1. Assesable Value
2. Sales Tax
3. Surcharge
ie., Other than Cenvat Clearing will be there.

7. After the receipt of material, the Good Receipt along with Invoice Bill submitted to the Excise person handling Central Excise matters, to take Credit of duty for the product.

The entry will be

1. Cenvat Clearin a/c - cr
RG23a Part II a/c - dr
RG23a Part II cess a/c - dr.

8. From the Excise person , the bill move towards the person who passing the bills for payment. He will do the Invoice Receip First through MIRO. Here two document will be created, one for MM and one for FI.

The entry will be

Vendor a/c - Cr-
Gr/IR Clearing a/c - dr
Cenvat Clearing a/c- dr.

9. After finalisation of Invoice receipt, the bill is for Payment process mode through F-53.

The entry will be
Vendor a/c - dr
Bank a/c - cr.

BOM Is Not Exploding In P.O.

While creating subcontract order, BOM is not exploding in P.O even though we are maintaining BOM for end product. How to solve this problem?

Please check the following things :

1. In Material master MRP4 view - Field "Individual/Coll" should have value "2" or "Blank" & In BOM (Transaction code CS03) item detail section - Field "Explosion Type" should have value "LB" ("Individual/Coll" should have value "2" or "Blank") .

2. PIR should have PIR Info category "3" , i.e., Subcontracting PIR must available for header material which we receive back from subcontractor.

3. Special Procurement Key must be "30" in material master MRP2 View.

4. Purchasing Item Category must be "L" and production BOM must be maintained, if you want to explode BOM in PO.

5. Please check BOM valid period is effective from in Tcode cs03

6. Please check your PO date against the valid date of the BOM valid period.

Where is Cost Derived When Doing Goods Receipt

Explain what are the cost account when doing the goods receipt. For example when doing GR, system post as follows.

Dr Stock (is this the cost of sales?)
Cr GR/IR (what exactly is GR/IR)

and when do IV it post

Dr GR/IR
Cr Vendor etc.

Goods Receipts/Invoice Receipts for Purchase Order:
Transaction OMW1 allows you to set whether the Price Control is a mandatory "S" or "V".
- V indicate that you want the system to value the stocks with the latest price.
- S indicate that you want the system to value the stocks with a fixed price method.

Price Control V - Moving Average Price
Assume Material Master current price is 10
Goods Receipts for Purchase Order - Movement Type 101
Material Document Posting created - inventory increases

Accounting Document Posting created
Debit 12345 Inventory 12
Credit 67890 GR/IR 12

New Moving Average Price = ( GR value + Total value ) / ( GR quantity + Total stock )

Invoice Recipts for Purchase Order - MR01

Accounting Document Posting created
Debit 67890 GR/IR 12
Debit 12345 Inventory 3
Credit 45678 Vendor 15

New Moving Average Price = ( Inventory difference of 2 + Total value ) / ( Total Stock)

Price Control S - Standard Price
Material and Accounting Document is the same.
The one with the lower value will be posted with a price variance entry.

Goods Receipts for Purchase Order - Movement Type 101
Material Document Posting created - inventory increases

Accounting Document Posting created
Debit 12345 Inventory 10
Debit 23456 Price Variance 2
Credit 67890 GR/IR 12

No change in Standard Price

Invoice Recipts for Purchase Order - MR01

Accounting Document Posting created
Debit 67890 GR/IR 12
Debit 23456 Price Variance 3
Credit 45678 Vendor 15
NO change in standard price*



Be the first one to comment on this page.




  Material Management eBooks

No eBooks on Material Management could be found as of now.

 
 Material Management FAQs
More Links » »
 
 Material Management Interview Questions
More Links » »
 
 Material Management Articles
More Links » »
 
 Material Management News
More Links » »
 
 Material Management Jobs
More Links » »

Share And Enjoy:These icons link to social bookmarking sites where readers can share and discover new web pages.
  • blinkbits
  • BlinkList
  • blogmarks
  • co.mments
  • connotea
  • del.icio.us
  • De.lirio.us
  • digg
  • Fark
  • feedmelinks
  • Furl
  • LinkaGoGo
  • Ma.gnolia
  • NewsVine
  • Netvouz
  • RawSugar
  • Reddit
  • scuttle
  • Shadows
  • Simpy
  • Smarking
  • Spurl
  • TailRank
  • Wists
  • YahooMyWeb

Previoushome Next

Keywords: introduction,purchase management,inventory management,invoice verification,purchase order,batch management,stock,transfer posting,number range,vendor master,logistic information system

HTML Quizzes
HTML Quiz
XHTML Quiz
CSS Quiz
TCP/IP Quiz
CSS 1.0 Quiz
CSS 2.0 Quiz
HLML Quiz
XML Quizzes
XML Quiz
XSL Quiz
XSLT Quiz
DTD Quiz
Schema Quiz
XForms Quiz
XSL-FO Quiz
XML DOM Quiz
XLink Quiz
XQuery Quiz
XPath Quiz
XPointer Quiz
RDF Quiz
SOAP Quiz
WSDL Quiz
RSS Quiz
WAP Quiz
Web Services Quiz
Browser Scripting Quizzes
JavaScript Quiz
VBScript Quiz
DHTML Quiz
HTML DOM Quiz
WMLScript Quiz
E4X Quiz
Server Scripting Quizzes
ASP Quiz
PERL Quiz
SQL Quiz
ADO Quiz
CVS Quiz
Python Quiz
Apple Script Quiz
PL/SQL Quiz
SQL Server Quiz
PHP Quiz
.NET (dotnet) Quizzes
Microsoft.Net Quiz
ASP.Net Quiz
.Net Mobile Quiz
C# : C Sharp Quiz
ADO.NET Quiz
VB.NET Quiz
VC++ Quiz
Multimedia Quizzes
SVG Quiz
Flash Quiz
Media Quiz
SMIL Quiz
Photoshop Quiz
Gimp Quiz
Matlab Quiz
Gnuplot Programming Quiz
GIF Animation Quiz
Scientific Visualization Quiz
Graphics Quiz
Web Building Quizzes
Web Browsers Quiz
Web Hosting Quiz
W3C Quiz
Web Building Quiz
Web Quality Quiz
Web Semantic Quiz
Web Careers Quiz
Weblogic Quiz
SEO Quiz
Web Site Hosting Quiz
Domain Name Quiz
Java Quizzes
Java Quiz
JSP Quiz
Servlets Quiz
Struts Quiz
EJB Quiz
JMS Quiz
JMX Quiz
Eclipse Quiz
J2ME Quiz
JBOSS Quiz
Programming Langauges Quizzes
C Quiz
C++ Quiz
Visual Basic Quiz
Data Structures Using C Quiz
Cobol Quiz
Assembly Language Quiz
Mainframe Quiz
Forth Programming Quiz
Lisp Programming Quiz
Pascal Quiz
Delphi Quiz
Fortran Quiz
OOPs Quiz
Data Warehousing Quiz
CGI Programming Quiz
Emacs Quiz
Gnome Quiz
ILU Quiz
Soft Skills Quizzes
Communication Skills Quiz
Time Management Quiz
Project Management Quiz
Team Work Quiz
Leadership Skills Quiz
Corporate Communication Quiz
Negotiation Skills Quiz
Database Quizzes
Oracle Quiz
MySQL Quiz
Operating System Quizzes
BSD Quiz
Symbian Quiz
Unix Quiz
Internet Quiz
IP-Masquerading Quiz
IPC Quiz
MIDI Quiz
Software Testing Quizzes
Testing Quiz
Firewalls Quiz
SAP Module Quizzes
ERP Quiz
ABAP Quiz
Business Warehousing Quiz
SAP Basis Quiz
Material Management Quiz
Sales & Distribution Quiz
Human Resource Quiz
Netweaver Quiz
Customer Relationship Management Quiz
Production and Planning Quiz
Networking Programming Quizzes
Corba Quiz
Networking Quiz
Microsoft Office Quizzes
Microsoft Word Quiz
Microsoft Outlook Quiz
Microsoft PowerPoint Quiz
Microsoft Publisher Quiz
Microsoft Excel Quiz
Microsoft Front Page Quiz
Microsoft InfoPath Quiz
Microsoft Access Quiz
Accounting Quizzes
Financial Accounting Quiz
Managerial Accounting Quiz
Testimonials | Contact Us | Link to Us | Site Map
Copyright © 2008. Academic Tutorials.com. All rights reserved Privacy Policies | About Us
Our Portals : Academic Tutorials | Best eBooksworld | Beyond Stats | City Details | Interview Questions | Discussions World | Excellent Mobiles | Free Bangalore | Give Me The Code | Gog Logo | Indian Free Ads | Jobs Assist | New Interview Questions | One Stop FAQs | One Stop GATE | One Stop GRE | One Stop IAS | One Stop MBA | One Stop SAP | One Stop Testing | Webhosting in India | Dedicated Server in India | Sirf Dosti | Source Codes World | Tasty Food | Tech Archive | Testing Interview Questions | Tests World | The Galz | Top Masala | Vyom | Vyom eBooks | Vyom International | Vyom Links | Vyoms | Vyom World
Copyright © 2003-2014 Vyom Technosoft Pvt. Ltd., All Rights Reserved.