Visit the SAP Forum

Languages : English | Dutch | French | Portugese | Italian



INTERVIEW EBOOK
Get 30,000 Interview Questions & Answers in an eBook.

Interview Success Kit - Get Success in Job Interviews



Send your Resume to 6000 Companies
START YOUR WEBSITE
India's Best Web Hosting Company

Logistics General : Material Master


Home »sap-materialmanagement » Important Accounts for Invoice Verification


Important Accounts for Invoice Verification

When you post an invoice, the system selects the accounts to be posted. Account assignment is based partly on your entries when you create an invoice and partly on information stored in the system.

Your entries provide the following information:


- Is the invoice posted as a net or as a gross amount?
- Which vendor account must be posted?
- Which G/L accounts must be posted?
- Which amounts must be posted?




The material master record provides the following information:


- Which valuation class does the material belong to?
- What type of price control is the material subject to?
- Which account must be posted for the material?
- Is the stock available smaller than the quantity invoiced?

Posted documents provide the following information:


- What is the purchase order price?
- Has there been a goods receipt for the purchase order?
- To post invoices correctly, your system administrator must define the accounts in the chart of accounts and the actions to be taken for the different postings when the SAP system is being installed in your company.

The SAP accounts are defined in a chart of accounts. The following accounts are particularly important for Invoice Verification:

Vendor Accounts


There is a separate account in the sub-ledger for each vendor that all amounts concerning this vendor are posted to . Making a posting to the vendor account is not the same as making a payment; payment is only made when the Financial Accounting department posts the vendor's payment to a bank account.

Stock Accounts


In the R/3 System, you do not set up a separate account for each material. Instead, different materials with similar features are grouped together in a common account (for example, raw materials: acids). The account relevant for a material is defined in the material master record when a material is created. The system only posts to the stock account when a price difference occurs for an invoice.

GR/IR Clearing Accounts


The GR/IR clearing account is an "intermediate" account between the stock account and the vendor account. At goods receipt, the net invoice amount expected is posted to the stock account. The offsetting entry is posted to the GR/IR clearing account. This posting is then cleared by an offsetting entry on the vendor account at invoice receipt.

Tax Accounts


The system makes postings to special tax accounts when invoices include tax.

Price Differences Accounts


Price differences have to be posted to a price difference s account if price differences have occurred in an invoice and when invoices are posted net and no posting can be made to the stock account.

Cash Discount Clearing Account


When you post an invoice net, the cash discount amount is taken into account in the invoice, it reduces the value of the items; the offsetting posting is made to the cash discount clearing account, which is then cleared when payment is made.

Freight Clearing Account


The stock account is debited with the planned delivery costs at goods receipt and the system makes the offsetting posting to a freight clearing account. This posting is then cleared by an offsetting entry to the vendor account at invoice receipt.

A D V E R T I S E M E N T

A D V E R T I S E M E N T

S A P - R E S O U R C E S


Get Free SAP Resources:

Are you looking for:
  • SAP Jobs
  • Free SAP eBooks
  • SAP Softwares
  • SAP Tutorials
  • ERP Implementation Examples
Enter Email Address:
(Enter your email address above and we will instantly send you the download link to you, when you confirm your email.)
Search SAP Resources:
discussionDiscussion Center
Discuss
Discuss

Query

Feedback
Yahoo Groups
Y! Group
Sirfdosti Groups
Sirfdosti
Contact Us
Contact
Sign in

User Name:
Password:
Forget password? | Register


INTERVIEW EBOOK

Get 30,000 Interview Questions & Answers in an eBook.

Interview Success Kit - Get Success in Job Interviews


Send your Resume to 6000 Companies

SAP Resources

  • SAP Articles
  • SAP Books
  • SAP Certifications
  • SAP Companies
  • SAP Study Materials
  • SAP Events
  • SAP Faqs
  • SAP Jobs
  • SAP Job Consultants
  • SAP Links
  • SAP News
  • SAP Sample Papers
  • SAP Interview Questions
  • SAP Training Institutes
  •  
    SAP Tutorial

  • Introduction
  • SAP History
  • SAP Facts
  • SAP Tables
  • SAP Function
  • SAP Report
  • Reasons To Use SAP
  • SAP Landscape
  • SAP Transaction Code
  • SAP Lotus Notes Integration
  • Business Connector and XML
  • Enterprise Release 4.7

  • SAP Training Institutes

  • SAP Training Institutes
  • Job Consultants Address
  • SAP Companies Address

  • Business Process Cycle

  • Analyze
  • Design
  • Implement
  • Operate
  • Optimize
  • Skills And Education

  • Logistics Module

  • Sales and Distribution
  • Quality Management
  • Materail Management
  • Plant Maintenance
  • Financial Modules (FI/CO)
  • Project system
  • Production Planning
  • Service Management

  • SAP NetWeaver

  • Introduction
  • Object Model
  • Interoperability
  • Creating Web Apps
  • Java Connector
  • Advantages & Conclusion
  • Life Cycle Management
  • Composite Application Framework

  • SAP Tools

  • SQL Trace Tool
  • SAP CRM
  • SAP SRM
  • SAP SCM
  • SAP ERP
  • SAP BW

  • SAP Modules

  • SAP FI Module
  • SAP CO Module

  • SAP Technical

  • SAP ITS Architecture
  • Financial Management
  • Manufacturing Planning and Execution
  • Customer Order Management
  • Lackbox Processing
  • SD and Financial Accounting Integration
  • SAP - HR (Human Resource)

  • SAP Miscellanous

  • Web Application Server(WAS)
  • Data Archiving
  • Mobile Engine
  • SAP Script
  • SAP Transactions
  • SAP Business Warehouse(BW)

  • SAP Reference

  • SAP Facts
  • SAP Tables
  • SAP Function
  • SAP Report
  • SAP Landscape

  • SAP Others

  • SAP Treasury
  • SAP Finance
  • SAP WAS
  • SAP Data Archiving
  • SAP ALE
  • SAP EDI
  • SAP Exchange
  • SAP X-APPS
  • SAP Applications Components
  • SAP Software
  • Dunning
  • SAP IDES
  • SAP Payroll Basics
  • SAP BASIS and Security Authorization
  • SAP Backup
  • SAP Router

  • ABAP Tutorials

  • Introduction
  • ABAP Transaction
  • ABAP Function
  • ABAP File Processing
  • ABAP Objects
  • ABAP Syntax
  • ABAP Queries
  • SAPMail Using ABAP
  • ABAP Programming Hints

  • SAP Projects & Codes

  • Finding the user-exits
  • Purchase Order Display
  • Batch Input
  • Dynamic Open SQL
  • Creating Extract Dataset
  • Reading database tables
  • Load table from a UNIX file
  • Create subscreen

  • SAP Resources

  • SAP Books
  • SAP Links

  • Interview Question



  • Common Interview Que.
  • ABAP Interview Que.
  • ERP Interview Que.
  • HR Interview Que.
  • MM Interview Que.
  • PP Interview Que.
  • ALE Interview Que.
  • EDI Interview Que.
  • Basis Interview Questions
  • SAP-SD Interview Questions
  • FI&CO Interview Questions
  • BW Interview Questions
  • CRM Interview Questions
  • Interview Questions

  • Careers at SAP

  • Careers in SAP (SAP Jobs)
  • Advertise
  •