2/19/2018 Accounting Entries in SAP FI module - Your Finance Book

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Accounting Entries in SAP FI module

 FICO (http://your nancebook.com/category/free-sap-training-and-tutorials/ co-module/) 
(http://your nancebook.com/accounting-entries-in-sap/) Last updated on June 24, 2016 .

Accounting entries in SAP are generated for each nancial transaction that is entered by a
company in the process of recording of transactions. These accounting entries in sap are get

posted into nancial module when you save the transaction or post it by using cnt+S key in
your computer.

Some accounting entries in sap are getting posted directly in SAP FI and others are posted
from other modules or sub modules (http://your nancebook.com/sub-modules-in-sap-
controlling-sap-co/) to which SAP Financial module is integrated.

For example we have SAP FI integration with SAP MM and SD module as a result, all
inventory related accounting entries in SAP are posted from MM module to FI module and
revenue related accounting entries are posted from SD module to FI module.

Followings are some of the accounting entries in SAP that get posted to FI;

Accounting Entry during Goods Receipt

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2/19/2018 Accounting Entries in SAP FI module - Your Finance Book

Stock Account  Dr

GR / IR Account Cr

Accounting Entry during Invoice Veri cation

GR / IR Account Dr

Vendor Cr

Accounting Entry when Goods are issued to the Production Order

Consumption of Raw Materials Dr

Stock Account Cr

Accounting Entry when Goods are received from the Production Order

Inventory A/c  Dr

Cost of Goods Produced Cr

Price di erence  Dr/Cr

(Accounting entries in sap posted depending on the di erence between standard cost and
actual cost)

Accounting Entry when Goods are dispatched to customer through delivery

Cost of Goods Sold Dr

Inventory Cr

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2/19/2018 Accounting Entries in SAP FI module - Your Finance Book

Accounting Entry when Goods are issued to a Cost Center or charged o against
expenses

Repairs and Maintenance     Dr

Inventory A/c Cr

Accounting Entry when Goods are stock transferred from one plant to another

Stock A/c Dr (Receiving location)

Stock A/c Cr (Sending location)

Price di erence Dr/Cr

(Accounting entries in sap due to any di erence 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

Accounting Entry 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 nd any mistakes in
these accounting entries then such it can get reversed in SAP FI module and then can get
corrected by passing another accounting entry for the same transaction or through some
other module with the correct gure.
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2/19/2018 Accounting Entries in SAP FI module - Your Finance Book

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