Accounting entries in SAP are generated for each financial transaction posted by the company based on the customization done. These entries are getting posted into the financial module when you save the transaction or post it into the system.
Some accounting entries in SAP are getting posted directly in the financial (FI) module and others are posted from different other modules or sub modules to which the financial module is integrated.
For example, due to FI integration with MM and SD modules, all inventory related entries are posted from MM to FI and revenue related entries are posted from SD to FI.
Followings are some of the accounting entries in SAP that get posted to financial module ;
Accounting Entries in SAP
During Goods Receipt:
Stock Account Dr
GR / IR Account Cr
Invoice Verification:
GR / IR Account Dr
Vendor Cr
When Goods are issued to the Production Order:
Consumption of Raw Materials Dr
Stock Account Cr
Goods are received from the Production Order:
Inventory Account Dr
Cost of Goods Produced Cr
Price difference Dr/Cr
(Accounting entries in sap posted depending on the difference between standard cost and actual cost)
when Goods are dispatched to customer through delivery:
Cost of Goods Sold Dr
Inventory Cr
Goods are issued to a Cost Center or charged off against expenses:
Repairs and Maintenance Dr
Inventory A/c Cr
Goods are stock transferred from one plant to another:
Stock A/c Dr (Receiving location)
Stock A/c Cr (Sending location)
Price difference Dr/Cr
(Accounting entries in SAP due to any difference between the standard costs between the two locations)
Accounting Entry for revaluation of Stock:
Stock A/c Dr/Cr
Inventory Revaluation A/c Cr / Dr
When Work in Progress is calculated:
Work in Progress A/c Dr
Change WIP A/c Cr
After posting, you can not delete these accounting entries in SAP. If you find any mistakes in these entries, then it can get reversed in the SAP financial (FI) module and then can get corrected by passing another accounting entry for the same transaction or through some other module with the correct figure.
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