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ARITRA MUKHERJEE
Oct 25, 2010 10:52 AM
Hi ,
1>How to do MRKO?
2>What are the accounting entries happen in MRKO transaction?Is it KONS(Dr) and KONS(Cr)?If so why?
3>Which price it takes a)Inforecord b)material master??
1. We need to maintian the consignment Info record with relevant Tax code.
2. At PO level, when we give item category as K, Net rpice will be greyed out. Info record price will be taken into consideration during MRKO.
4. Consuption posting
We need to post goods issue from Vendor Consignment stock based on our consuption. This issue will create a liablility(accounting) document
towards vendor.
5. Transaction MRKO
Liability document created in Step4 will be settled using MRKO. We need to select settle radio button in MRKO input selection paramter screen
to settle the liabilities.(invoice will be created in background and document number will be displayed)
Vendor
Payable consuption a/c
KONS is the output type configuration required for printing/transmitting the invoice created in MRKO.
warm regards
Ramakrishna
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Correct AnswerRe: Accounting entries in Consignment
PSA Ramakrishna Reddy Oct 25, 2010 11:26 AM (in response to ARITRA MUKHERJEE)
Dear ARITRA MUKHERJEE
1. We need to maintian the consignment Info record with relevant Tax code.
2. At PO level, when we give item category as K, Net rpice will be greyed out. Info record price will be taken into consideration during MRKO.
4. Consuption posting
We need to post goods issue from Vendor Consignment stock based on our consuption. This issue will create a liablility(accounting) document
towards vendor.
5. Transaction MRKO
Liability document created in Step4 will be settled using MRKO. We need to select settle radio button in MRKO input selection paramter screen
to settle the liabilities.(invoice will be created in background and document number will be displayed)
Vendor
Payable consuption a/c
KONS is the output type configuration required for printing/transmitting the invoice created in MRKO.
warm regards
Ramakrishna
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o Re: Accounting entries in Consignment
ARITRA MUKHERJEE Oct 25, 2010 12:07 PM (in response to PSA Ramakrishna Reddy)
Hi,
KON(Cr)
BSX(Dr)
KBS(Cr)
KBS(Dr)
Is it correct????
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Re: Accounting entries in Consignment
PSA Ramakrishna Reddy Oct 25, 2010 12:27 PM (in response to ARITRA MUKHERJEE)
Hello
If you transferring to own stock, BSX will be triggered at the time of consuption posting
KONS Cr
BSX Dr
Postings are OK
warm regards
Ramakrishna
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Re: Accounting entries in Consignment
ARITRA MUKHERJEE Oct 25, 2010 12:36 PM (in response to PSA Ramakrishna Reddy)
Hi,
???
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Re: Accounting entries in Consignment
PSA Ramakrishna Reddy Oct 25, 2010 1:04 PM (in response to ARITRA MUKHERJEE)
Dear
Vendor A/c Cr
KON Dr (Document displays KBS for two entries)
Warm regards
Ramakrishna
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Re: Accounting entries in Consignment
Erika Szanto Oct 25, 2010 11:55 AM (in response to ARITRA MUKHERJEE)
Hi,
Before you can order a material from a vendor or post a goods receipt to consignment stock, you must maintain the consignment price for the
vendor in an info record. The price is required for material valuation and accounting purposes.
If you order consignment material from several vendors, the system maintains the consignment stock separately for each vendor, since the
individual quantities of the material can have different prices with each vendor.
Please check the information from the SAP Library documentation (http://help.sap.
com) under the path:
Logistics -> Materials Management (MM)
-> Logistics Invoice Verification (MM-IV)
-> Logistics Invoice Verification (MM-IV-LIV)
-> Automatic Settlements
-> Consignment and Pipeline Settlement
Consignment and pipeline settlement is not connected to the purchasing information system, because the purchase order history is not updated
during consignment settlements.
You cannot make any net postings during consignment settlement. This means that you cannot calculate any cash discounts. To take cash
discounts into account, you must include these in the consignment price. This ensures that the cash discount is implicitly posted during the goods
withdrawal and settlement.
Best regards
Erika
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