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Accounting Entries 11i

Apr 06, 2018

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Anup Mishra
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  • 8/3/2019 Accounting Entries 11i

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    SR NO PROCESS LINK

    1 Back To Back B2B!A1

    2 Drop Ship DP!A1

    3 SO- Work Order SOW

    4 Inter Org INTER_ORG

    5 ISO ISO

    6 Procure to Pay P2P

    7 Receipt To Cash O2C

    8 AR Adjustments ADJ

    9 Standard Cost Update STD COST

    10 Miscellaneous Receipt MISC REC

    11 Miscellaneous Payments Misc.Payments

    12 Manual Work Order Creation & Completion MOW

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    SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC

    I Back to Back

    1 Sales Order Entry

    No Accounting

    2 Creation of Requisition

    No Accounting

    3 Creation of Purchase OrderNo Accounting

    4 Receipt

    Receiving A/c 100 At PO Price Receiving Option Setup ORG

    AP Accrual A/c 100 At PO Price Inventory Org Setup ORG

    5 Devlivery

    Raw Material Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    PPV A/c 20 Diff between PO - Stnd Inventory Org Setup ORG

    Receiving A/c 100 At PO Price Receiving Option Setup ORG

    6 Reservation

    No Accounting

    7 Picking

    Staging Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    8 Shipping

    COGS 80 At Standard Cost Item

    Staging Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    BACK TO BACK

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    OPTION AVAILABLE

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted, OMTT

    Org Level A/c willl get defaulted

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    SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC

    I Drop Ship

    1 Sales Order Entry

    No Accounting

    2 Creation of Requisition

    No Accounting

    3 Creation of Purchase OrderNo Accounting

    4 Receipt

    Receiving A/c 100 At PO Price Receiving Option Setup ORG

    AP Accrual A/c 100 At PO Price Inventory Org Setup ORG

    5 Devlivery

    Raw Material Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    PPV A/c 20 Diff between PO - Stnd Inventory Org Setup ORG

    Receiving A/c 100 At PO Price Receiving Option Setup ORG

    6 Reservation

    No Accounting

    7 Picking

    Staging Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    8 Shipping

    COGS 80 At Standard Cost Item

    Staging Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    DROP SHIP

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    OPTION AVAILABLE

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted, OMTT

    Org Level A/c willl get defaulted

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    R.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC

    1 At the time of material issue

    WIP Material A/c 100 WIP Class

    Subinventory material A/c 100 Org/Subinventory

    2 Resource Valuation

    WIP Resource valuation A/c 100 WIP Class

    Resource Absorption A/c 100 Resource Defination Form

    3 Overhead Cost (Material)

    WIP Material ovehead A/c 10 WIP Class

    Sub inventory material overhead A/c 10 Org/Subinventory

    4 Overhead Cost (Indirect)

    WIP Overhead A/c 100 WIP Class

    Overhead absorption A/c 100 Overheads Defination Form

    5 WIP Job Completion

    Stagging/Completion Sub-inventory A/c Std Cost Org/SubinventoryWIP Material A/c WIP Class

    WIP Resource valuation A/c WIP Class

    WIP Material ovehead A/c WIP Class

    WIP Ooverhead A/c WIP Class

    WIP Material Variance A/c Diff between Actual - STD WIP Class

    WIP Resource Variance A/c Diff between Actual - STD WIP Class

    WIP Material Variance A/c Diff between Actual - STD WIP Class

    WIP Ooverhead Variance A/c Diff between Actual - STD WIP Class

    5 Picking

    Staging Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    6 Shipping

    COGS 100 At Standard Cost Item

    Staging Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup SUB-INV

    SO-WORKORDER FLOW

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    OPTION AVAILABLE

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted

    Org Level A/c willl get defaulted, OMTT

    Org Level A/c willl get defaulted

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    R.NO PARTICULARS DR CR SPL NOTES

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

    Entry at the time ofISSUE

    Intransit Inventory A/c ( Sending Org ) 100 At Standard Cost

    Sub Inventory A/c ( Sending Org ) 100 At Standard Cost

    Entry at the time ofRECEIPT

    InterOrganization Receivable( Sending Org ) 100 At Standard Cost

    Intransit Inventory A/c ( Sending Org ) 100 At Standard CostSub Inventory A/c ( Receiving Org ) 100 At Standard Cost

    InterOrganization Payable ( Receiving Org ) 100 At Standard Cost

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

    Entry at the time ofISSUE

    Intransit Inventory A/c ( Sending Org ) 100 At Standard Cost

    Sub Inventory A/c ( Sending Org ) 100 At Standard Cost

    Entry at the time ofRECEIPT

    InterOrganization Receivable( Sending Org ) 100 At Standard Cost

    Intransit Inventory A/c ( Sending Org ) 100 At Standard Cost

    InterOrganization Receivable( Sending Org ) 15

    Freight Expense A/c ( Sending Org ) 15

    InterOrganization Receivable( Sending Org ) 10

    InterOrg. Transfer Credit ( Sending Org ) 10

    Subinventory A/C (Receiving Org) 100 At Standard Cost

    Purchase Price Variance(Receiving Org) 25

    InterOrganization Payable (Receiving Org) 125

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

    Entry at the time ofISSUEInterOrganization Receivable (Sending Org) 100 At Standard CostSub Inventory A/c ( Sending Org ) 100 At Standard Cost

    Intransit Inventory A/c (Receiving Org) 100

    Inter - Organization Payable (Receiving Org) 100

    Entry at the time ofRECEIPT

    Sub Inventory A/c (Receiving Org) 100 At Standard Cost

    Intransit Inventory A/c (Receiving Org) 100 At Standard Cost

    4 Direct InterOrganization Transfer without FOB being Receipt and without transfer credit and freight

    InterOrganization Receivable (Sending Org) 100 At Standard CostSun Inventory A/c (Sending Org) 100 At Standard Cost

    Sub Inventory A/c (Receiving Org) 100 At Standard Cost

    Inter - Organization Payable (Receiving Org) 100 At Standard Cost

    5 Direct InterOrganization Transfer with FOB being Receipt with transfer credit and freight

    Entry at the SOURCE

    InterOrganization Receivable (Sending Org) 120Sub Inventory A/c (Sending Org) 100 At Standard Cost

    InterOrg. Transfer Credit ( Sending Org ) 10

    Freight Expense A/c ( Sending Org ) 10

    Entry at the DESTINATION

    Sub Inventory A/c (Sending Org) 100 At Standard Cost

    Purchase Price Variance (Receiving Org) 20

    Inter - Organization Payable (Receiving Org) 120

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

    Entry at the time ofISSUEIntransit Inventory A/c (Sending Org) 100 At Standard Cost

    Sub Inventory A/c (Sending Org) 100 At Standard Cost

    Entry at the time ofRECEIPT

    Sub Inventory A/c (Receiving Org) 120 At Standard Cost

    Inter - Organization Payable (Receiving Org) 100

    Purchase Price Variance (Receiving Org) 20

    INTER ORG/INTER

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    ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

    Shipping Network ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network ORG

    Shipping Network ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network ORG

    Shipping Network ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network ORG

    Shipping Network ORG

    Shipping Network ORG

    At Transaction Level

    Shipping Network ORGShipping Network

    Sub-inventory Material A/c Setup

    Shipping Network

    Shipping Network ORG

    Shipping Network ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network ORG

    Shipping Network ORG

    Sub-Inventory Material A/c Setup ORG

    Shipping Network ORG

    Shipping Network ORG

    Sub-inventory Material A/c Setup ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network ORG

    Shipping Network ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network ORG

    At transaction level ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network ORG

    Shipping Network ORG

    Shipping Network ORGSub-inventory Material A/c Setup ORG

    Sub-inventory Material A/c Setup ORG

    Shipping Network

    Shipping Network

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    R.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

    1 Creation of Requisition

    No Accounting

    2 Creation of Purchase Order

    No Accounting

    3 Receipt

    Receiving A/c 100 At PO Price Receiving Option Setup ORG

    AP Accrual A/c 100 At PO Price Inventory Org Setup ORG

    4 Devlivery

    Raw Material Sub Inventory A/c 80 At Standard Cost Sub-inventory Material A/c Setup SUB-INV Org Level A/c willl get defaulted

    PPV A/c 20 Diff between PO - Stnd Inventory Org Setup ORG

    Receiving A/c 100 At PO Price Receiving Option Setup ORG

    5 Invoice matching with PO

    AP Accrual Liability A/c 100 At PO Price Receiving Option Setup ORG

    Invoice Price Variance A/c 10 Diff between Invoice - PO Inventory Org Setup ORG

    AP Liability A/c 110 AT INV Price Financial Options/Supplier Site

    6 On making Payment

    Liability A/c 110 At Invoice Price Financial Options/Supplier Site

    Cash 110 At Invoice Price Bank A/c Setup

    PROCURE TO PAY

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    SUMMARY!A1

    SR.NO PARTICULARS DR CR SPL NOTES

    1 Sales order entry

    No Accounting

    2 Sales Order Pick

    From Sub Inventory A/c 100 At Standard Cost

    To Sub Inventory A/c 100 At Standard Cost(Staging)

    3 Sales Order Issue

    COGS 100 It can be fetched from five places

    To Sub Inventory A/c 100 At Standard Cost

    4 Transaction level

    Receivable A/c 120

    Tax A/c 10

    Frieght A/c 10

    Revenue A/c 100

    Receipts

    5 Receipts with no remittance method

    Cash 100 Before application of the receipt

    Unapplied A/c 100

    Unapplied A/c 100 After application of the receipt to the transaction

    Receivables A/c 100

    Cash A/c 100

    Unidentified A/c 100 In case of receipt without customer or transaction

    Unidentifed A/c 100 when customer indentfied

    Unapplied A/c 100

    6 Receipts with remittance method.

    Confirmed receipts A/c 100 At the time receipt entry

    Unapplied A/c 100

    Remitted receipts A/c 100 On remittance to bank

    Confirmed receipts A/c 100

    Cash 100 On clearence of cheque

    Remitted receipts A/c 100

    7 Receipts with discount/unearned discounts

    Cash 90 At the time earned discounts

    Discount earned A/c 10

    Receivable A/c 100

    Cash 90 At the time of unearned discount

    Discount unearned A/c 10

    Receivables A/c 100

    Order To Cash Cycle

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    ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

    Sub-inventory Material A/c Setup ORG

    Sub-inventory Material A/c Setup ORG

    Master Item/Org/Order Type/Line Type/Shipping Params Master org/shipping parameters/order type/Inv org

    Sub-inventory Material A/c Setup

    Transaction type sales rep/customer site

    Tax codes Transaction type/sales reps/customer bill to site/Standard lines

    Transaction type sales rep/customer bill to site/standard lines

    Transaction type sales rep/customer bill to site/standard lines

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Receipt class Bank Defination Form

    Bank

    Receivable activity

    Transaction Type

    Bank

    Receivable activity

    Transaction type

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    R.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC OPTION AVAILABLE

    1 Adjustments

    Adjustment A/c 100 Receivable activity

    Receivable A/c 100 Transaction type Sales Rep/Customer Site

    Adjustments in AR

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    R.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFI

    1 Inventory Std cost update

    Sub Inventory A/c 100 Sub-inventory Material A/c Setup ORG

    Cost Adjustment A/c 100 At the Standard Cost update request level

    2 Intransit material Std Cost Update

    Intransit Inventory A/c 100 Shipping Network ORG

    Cost Adjustment A/c 100 At the Standard Cost update request level

    3 WIP Material Std Cost Update

    WIP Material A/c 100 WIP Accounting Class

    WIP Material Variance A/c 100 WIP Accounting Class

    STANDARD COST UPDATE

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    OPTION AVAILABLE

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    SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFIC

    1 Miscellaneous Receipt at receivables

    Accounting

    Cash 100 Entered Reciept Amount Bank Account Definition

    Misc Cash A/c 100 Receivable activity

    2 Miscellaneous Issue/Receipt At Inventory

    Issue

    Misc Issue A/c 100 At Misc Issue form level

    Sub Inventory A/c 100 Org/Subinventory level ORG

    Receipt

    Sub Inventory A/c 100 Org/Subinventory level ORG

    Misc Receipt A/c 100 At Misc receipt form level

    Miscellaneous Receipts in AR

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    OPTION AVAILABLE

    Bank(Internal)

    Distribution set

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    SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED

    1 On entering a Misc.Invoice

    A dummy Misc.Vendor is created for

    this purpose and the details are

    captured in the DFF.

    Charge A/c 100 Distribution Set/PO charge A/c

    Liability A/c 100 From the supplier site

    2 On making the Payment

    Liability A/c 100 From the Supplier site

    Cash 100 From the Bank A/c's Definition

    3

    On making Payment

    (when Cash Mgmt is implemented)

    On Payment

    Liability A/c 100 From the supplier site

    Cash Clearing A/c 100 From the Bank A/c's Definition

    On Clearing

    Cash Clearing A/c 100 From the Bank A/c's Definition

    Cash 100 From the Bank A/c's Definition

    MISC PAYMENTS

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    SPECIFIC OPTION AVAILABLE

    Financial Options

    Financial Options

    Financial Options

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    SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS PULLED SPECIFI

    1 At the time material issue

    WIP Material A/c 100 WIP Class

    Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup ORG

    2 Resource Valuation

    WIP Resource valuation A/c 100 WIP Class

    Resource Absorption A/c 100 Resource Definition Form

    3 Overhead Cost (Material)

    WIP Material ovehead A/c 10 WIP Class

    Sub inventory material overhead A/c 10 Org/Subinventory ORG

    4 Overhead Cost (Indirect)

    WIP Overhead A/c 100 WIP Class

    Overhead absorption A/c 100 Overheads Defination Form

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

    WIP OSP A/c 100 WIP Class

    Variance A/c 95 Resource Defination Form

    Resource A/c 5 Resource Defination Form

    Manual WorkOrder

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    OPTION AVAILABLE

    Org Paramaeters