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SR NO PROCESS 1 Back To Back 2 Drop Ship 3 SO- Work Order 4 Inter Org 5 ISO 6 Procure to Pay 7 Receipt To Cash 8 AR Adjustments 9 Standard Cost Update 10 Miscellaneous Receipt 11 Miscellaneous Payments 12 Manual Work Order Creation & Completion
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79762627 Accounting Entries 11i

Dec 23, 2015

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Mohamed Awad

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Page 1: 79762627 Accounting Entries 11i

SR NO PROCESS1 Back To Back2 Drop Ship3 SO- Work Order4 Inter Org5 ISO6 Procure to Pay7 Receipt To Cash8 AR Adjustments9 Standard Cost Update

10 Miscellaneous Receipt11 Miscellaneous Payments12 Manual Work Order Creation & Completion

Page 2: 79762627 Accounting Entries 11i

LINKB2B!A1DP!A1SOW

INTER_ORGISOP2PO2CADJ

STD COSTMISC REC

Misc.PaymentsMOW

Page 3: 79762627 Accounting Entries 11i

BACK TO BACK

SR.NO PARTICULARS DR CR SPL NOTESI Back to Back

1 Sales Order EntryNo Accounting

2 Creation of RequisitionNo Accounting

3 Creation of Purchase OrderNo Accounting

4 ReceiptReceiving A/c 100 At PO PriceAP Accrual A/c 100 At PO Price

5 DevliveryRaw Material Sub Inventory A/c 80 At Standard CostPPV A/c 20 Diff between PO - Stnd Receiving A/c 100 At PO Price

6 ReservationNo Accounting

7 PickingStaging Sub Inventory A/c 80 At Standard CostSub Inventory A/c 80 At Standard Cost

8 ShippingCOGS 80 At Standard CostStaging Sub Inventory A/c 80 At Standard Cost

Page 4: 79762627 Accounting Entries 11i

BACK TO BACK

ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

Receiving Option Setup ORGInventory Org Setup ORG

Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaultedInventory Org Setup ORGReceiving Option Setup ORG

Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaultedSub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

Item Org Level A/c willl get defaulted, OMTTSub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

Page 5: 79762627 Accounting Entries 11i

DROP SHIP

SR.NO PARTICULARS DR CR SPL NOTESI Drop Ship

1 Sales Order EntryNo Accounting

2 Creation of RequisitionNo Accounting

3 Creation of Purchase OrderNo Accounting

4 ReceiptReceiving A/c 100 At PO PriceAP Accrual A/c 100 At PO Price

5 DevliveryRaw Material Sub Inventory A/c 80 At Standard CostPPV A/c 20 Diff between PO - Stnd Receiving A/c 100 At PO Price

6 ReservationNo Accounting

7 PickingStaging Sub Inventory A/c 80 At Standard CostSub Inventory A/c 80 At Standard Cost

8 ShippingCOGS 80 At Standard CostStaging Sub Inventory A/c 80 At Standard Cost

Page 6: 79762627 Accounting Entries 11i

DROP SHIP

ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

Receiving Option Setup ORGInventory Org Setup ORG

Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaultedInventory Org Setup ORGReceiving Option Setup ORG

Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaultedSub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

Item Org Level A/c willl get defaulted, OMTTSub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

Page 7: 79762627 Accounting Entries 11i

SO-WORKORDER FLOW

SR.NO PARTICULARS DR CR SPL NOTES1 At the time of material issue

WIP Material A/c 100Subinventory material A/c 100

2 Resource Valuation

WIP Resource valuation A/c 100Resource Absorption A/c 100

3 Overhead Cost (Material)

WIP Material ovehead A/c 10Sub inventory material overhead A/c 10

4 Overhead Cost (Indirect)WIP Overhead A/c 100 Overhead absorption A/c 100

5 WIP Job Completion

Stagging/Completion Sub-inventory A/c Std CostWIP Material A/cWIP Resource valuation A/cWIP Material ovehead A/c WIP Ooverhead A/cWIP Material Variance A/c Diff between Actual - STDWIP Resource Variance A/c Diff between Actual - STDWIP Material Variance A/c Diff between Actual - STDWIP Ooverhead Variance A/c Diff between Actual - STD

5 PickingStaging Sub Inventory A/c 100 At Standard CostSub Inventory A/c 100 At Standard Cost

6 ShippingCOGS 100 At Standard CostStaging Sub Inventory A/c 100 At Standard Cost

Page 8: 79762627 Accounting Entries 11i

SO-WORKORDER FLOW

ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

WIP ClassOrg/Subinventory

WIP ClassResource Defination Form

WIP ClassOrg/Subinventory

WIP ClassOverheads Defination Form

Org/SubinventoryWIP ClassWIP ClassWIP ClassWIP ClassWIP ClassWIP ClassWIP ClassWIP Class

Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaultedSub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

Item Org Level A/c willl get defaulted, OMTTSub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

Page 9: 79762627 Accounting Entries 11i

INTER ORG/INTERNAL SALES ORDERS

SR.NO PARTICULARS DR CR 1

Intransit Inventory A/c ( Sending Org ) 100Sub Inventory A/c ( Sending Org ) 100

Inter–Organization Receivable( Sending Org ) 100Intransit Inventory A/c ( Sending Org ) 100Sub Inventory A/c ( Receiving Org ) 100Inter–Organization Payable ( Receiving Org ) 100

2

Intransit Inventory A/c ( Sending Org ) 100Sub Inventory A/c ( Sending Org ) 100

Inter–Organization Receivable( Sending Org ) 100Intransit Inventory A/c ( Sending Org ) 100Inter–Organization Receivable( Sending Org ) 15Freight Expense A/c ( Sending Org ) 15Inter–Organization Receivable( Sending Org ) 10Inter–Org. Transfer Credit ( Sending Org ) 10Subinventory A/C (Receiving Org) 100Purchase Price Variance(Receiving Org) 25Inter–Organization Payable (Receiving Org) 125

3

Inter–Organization Receivable (Sending Org) 100Sub Inventory A/c ( Sending Org ) 100Intransit Inventory A/c (Receiving Org) 100Inter - Organization Payable (Receiving Org) 100

Sub Inventory A/c (Receiving Org) 100Intransit Inventory A/c (Receiving Org) 100

4

Inter–Organization Receivable (Sending Org) 100Sun Inventory A/c (Sending Org) 100Sub Inventory A/c (Receiving Org) 100

FOB Point is set to Receipt without Charges & Freight - Using Transaction Type - Intransit

Entry at the time of ISSUE

Entry at the time of RECEIPT

FOB Point is set to Receipt with Charges & Freight - Using Transaction Type - Intransit

Entry at the time of ISSUE

Entry at the time of RECEIPT

FOB Point is set to Shipment without Charges & Freight - Using Transaction Type - Intransit

Entry at the time of ISSUE

Entry at the time of RECEIPT

Direct Inter–Organization Transfer without FOB being Receipt and without transfer credit and freight

Page 10: 79762627 Accounting Entries 11i

Inter - Organization Payable (Receiving Org) 100

5

Inter–Organization Receivable (Sending Org) 120Sub Inventory A/c (Sending Org) 100Inter–Org. Transfer Credit ( Sending Org ) 10Freight Expense A/c ( Sending Org ) 10

Sub Inventory A/c (Sending Org) 100Purchase Price Variance (Receiving Org) 20Inter - Organization Payable (Receiving Org) 120

6 If the Standard Cost is different in Sending & Receving Org

Intransit Inventory A/c (Sending Org) 100Sub Inventory A/c (Sending Org) 100

Sub Inventory A/c (Receiving Org) 120Inter - Organization Payable (Receiving Org) 100Purchase Price Variance (Receiving Org) 20

Direct Inter–Organization Transfer with FOB being Receipt with transfer credit and freight

Entry at the SOURCE

Entry at the DESTINATION

Entry at the time of ISSUE

Entry at the time of RECEIPT

Page 11: 79762627 Accounting Entries 11i

INTER ORG/INTERNAL SALES ORDERS

SPL NOTES ACCOUNT IS PULLED SPECIFIC

At Standard Cost Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORG

At Standard Cost Shipping Network ORGAt Standard Cost Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORGAt Standard Cost Shipping Network ORG

At Standard Cost Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORG

At Standard Cost Shipping Network ORGAt Standard Cost Shipping Network ORG

Shipping Network ORGAt Transaction LevelShipping Network ORGShipping Network

At Standard Cost Sub-inventory Material A/c SetupShipping NetworkShipping Network ORG

At Standard Cost Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORG

Shipping Network ORGShipping Network ORG

At Standard Cost Sub-Inventory Material A/c Setup ORGAt Standard Cost Shipping Network ORG

At Standard Cost Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORGAt Standard Cost Sub-inventory Material A/c Setup ORG

transfer credit and freight

Page 12: 79762627 Accounting Entries 11i

At Standard Cost Shipping Network ORG

Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORG

Shipping Network ORGAt transaction level ORG

At Standard Cost Sub-inventory Material A/c Setup ORGShipping Network ORGShipping Network ORG

At Standard Cost Shipping Network ORGAt Standard Cost Sub-inventory Material A/c Setup ORG

At Standard Cost Sub-inventory Material A/c Setup ORGShipping NetworkShipping Network

Page 13: 79762627 Accounting Entries 11i

OPTION AVAILABLE

Page 14: 79762627 Accounting Entries 11i

PROCURE TO PAY

SR.NO PARTICULARS DR CR SPL NOTES1 Creation of Requisition

No Accounting

2 Creation of Purchase OrderNo Accounting

3 ReceiptReceiving A/c 100 At PO PriceAP Accrual A/c 100 At PO Price

4 DevliveryRaw Material Sub Inventory A/c 80 At Standard CostPPV A/c 20 Diff between PO - Stnd Receiving A/c 100 At PO Price

5 Invoice matching with POAP Accrual Liability A/c 100 At PO PriceInvoice Price Variance A/c 10 Diff between Invoice - POAP Liability A/c 110 AT INV Price

6 On making PaymentLiability A/c 110 At Invoice PriceCash 110 At Invoice Price

Page 15: 79762627 Accounting Entries 11i

PROCURE TO PAY

ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

Receiving Option Setup ORGInventory Org Setup ORG

Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaultedInventory Org Setup ORGReceiving Option Setup ORG

Receiving Option Setup ORGInventory Org Setup ORGFinancial Options/Supplier Site

Financial Options/Supplier SiteBank A/c Setup

Page 16: 79762627 Accounting Entries 11i

Order To Cash Cycle

SR.NO PARTICULARS DR CR 1 Sales order entry

No Accounting

2 Sales Order Pick

From Sub Inventory A/c 100To Sub Inventory A/c 100

3 Sales Order Issue

COGS 100To Sub Inventory A/c 100

4 Transaction level

Receivable A/c 120Tax A/c 10Frieght A/c 10Revenue A/c 100

Receipts

5 Receipts with no remittance method

Cash 100Unapplied A/c 100

Unapplied A/c 100Receivables A/c 100

Cash A/c 100Unidentified A/c 100

Unidentifed A/c 100Unapplied A/c 100

6 Receipts with remittance method.

Confirmed receipts A/c 100Unapplied A/c 100

Remitted receipts A/c 100Confirmed receipts A/c 100

Cash 100Remitted receipts A/c 100

7 Receipts with discount/unearned discounts

Cash 90Discount earned A/c 10

SUMMARY!A1

Page 17: 79762627 Accounting Entries 11i

Receivable A/c 100

Cash 90Discount unearned A/c 10Receivables A/c 100

Page 18: 79762627 Accounting Entries 11i

Order To Cash Cycle

SPL NOTES

At Standard CostAt Standard Cost(Staging)

It can be fetched from five placesAt Standard Cost

Before application of the receipt

After application of the receipt to the transaction

In case of receipt without customer or transaction

when customer indentfied

At the time receipt entry

On remittance to bank

On clearence of cheque

At the time earned discounts

Page 19: 79762627 Accounting Entries 11i

At the time of unearned discount

Page 20: 79762627 Accounting Entries 11i

ACCOUNT IS PULLED SPECIFIC

Sub-inventory Material A/c SetupSub-inventory Material A/c Setup

Master Item/Org/Order Type/Line Type/Shipping ParamsSub-inventory Material A/c Setup

Transaction typeTax codesTransaction typeTransaction type

Receipt classReceipt class

Receipt classReceipt class

Receipt classReceipt class

Receipt classReceipt class

Receipt classReceipt class

Receipt classReceipt class

Receipt classReceipt class

BankReceivable activity

Page 21: 79762627 Accounting Entries 11i

Transaction Type

BankReceivable activityTransaction type

Page 22: 79762627 Accounting Entries 11i

OPTION AVAILABLE

ORGORG

Master org/shipping parameters/order type/Inv org

sales rep/customer siteTransaction type/sales reps/customer bill to site/Standard linessales rep/customer bill to site/standard linessales rep/customer bill to site/standard lines

Bank Defination FormBank Defination Form

Bank Defination FormBank Defination Form

Bank Defination FormBank Defination Form

Bank Defination FormBank Defination Form

Bank Defination FormBank Defination Form

Bank Defination FormBank Defination Form

Bank Defination FormBank Defination Form

Page 23: 79762627 Accounting Entries 11i

Adjustments in AR

SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC1 Adjustments

Adjustment A/c 100 Receivable activityReceivable A/c 100 Transaction type

Page 24: 79762627 Accounting Entries 11i

OPTION AVAILABLE

Sales Rep/Customer Site

Page 25: 79762627 Accounting Entries 11i

STANDARD COST UPDATE

SR.NO PARTICULARS DR CR SPL NOTES1 Inventory Std cost update

Sub Inventory A/c 100Cost Adjustment A/c 100

2 Intransit material Std Cost Update

Intransit Inventory A/c 100Cost Adjustment A/c 100

3 WIP Material Std Cost Update

WIP Material A/c 100WIP Material Variance A/c 100

Page 26: 79762627 Accounting Entries 11i

STANDARD COST UPDATE

ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

Sub-inventory Material A/c Setup ORG

At the Standard Cost update request level

Shipping Network ORG

At the Standard Cost update request level

WIP Accounting ClassWIP Accounting Class

Page 27: 79762627 Accounting Entries 11i

Miscellaneous Receipts in AR

SR.NO PARTICULARS DR CR SPL NOTES1 Miscellaneous Receipt at receivables

Accounting

Cash 100 Entered Reciept AmountMisc Cash A/c 100

2 Miscellaneous Issue/Receipt At Inventory

Issue

Misc Issue A/c 100Sub Inventory A/c 100

Receipt

Sub Inventory A/c 100Misc Receipt A/c 100

Page 28: 79762627 Accounting Entries 11i

Miscellaneous Receipts in AR

ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

Bank Account Definition Bank(Internal)Receivable activity Distribution set

At Misc Issue form level Org/Subinventory level ORG

Org/Subinventory level ORGAt Misc receipt form level

Page 29: 79762627 Accounting Entries 11i

MISC PAYMENTS

SR.NO PARTICULARS DR CR

1 On entering a Misc.Invoice

Charge A/c 100Liability A/c 100

2 On making the Payment

Liability A/c 100Cash 100

3

On PaymentLiability A/c 100Cash Clearing A/c 100

On ClearingCash Clearing A/c 100Cash 100

On making Payment (when Cash Mgmt is implemented)

Page 30: 79762627 Accounting Entries 11i

MISC PAYMENTS

SPL NOTES ACCOUNT IS PULLED SPECIFIC

Distribution Set/PO charge A/cFrom the supplier site

From the Supplier siteFrom the Bank A/c's Definition

From the supplier siteFrom the Bank A/c's Definition

From the Bank A/c's DefinitionFrom the Bank A/c's Definition

A dummy Misc.Vendor is created for this purpose and the details are captured in the DFF.

Page 31: 79762627 Accounting Entries 11i

OPTION AVAILABLE

Financial Options

Financial Options

Financial Options

Page 32: 79762627 Accounting Entries 11i

Manual WorkOrder

SR.NO PARTICULARS DR CR 1 At the time material issue

WIP Material A/c 100Sub Inventory A/c 100

2 Resource Valuation

WIP Resource valuation A/c 100Resource Absorption A/c 100

3 Overhead Cost (Material)

WIP Material ovehead A/c 10Sub inventory material overhead A/c 10

4 Overhead Cost (Indirect)WIP Overhead A/c 100 Overhead absorption A/c 100

5 Outside Processing (In case of fixed standard cost to resource)

WIP OSP A/c 100Variance A/c 95Resource A/c 5

Page 33: 79762627 Accounting Entries 11i

Manual WorkOrder

SPL NOTES ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

WIP ClassAt Standard Cost Sub-inventory Material A/c Setup ORG

WIP ClassResource Definition Form

WIP ClassOrg/Subinventory ORG

WIP ClassOverheads Defination Form

WIP ClassResource Defination Form Org ParamaetersResource Defination Form Receiving Options