We are looking at the integration that has already been done for a company called 1000 company code and chart of accounts is INT chart of accounts. See, our company is Doctor Reddy Lab DRL. DRLB is our company code, and DRCA is our chart of accounts. Similarly, in SAP the standard company codes [...]
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Integration between FI and MM, so I told you that different types of materials will be there material type, ROH, etc. Each material type will be again given a valuation class. Valuation class is a component which is going to make the system to post the accounting entries through this valuation [...]
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So our next topic is integration. Here, now what is meant by integration? Here integration, if you remember the integration between FI and SD, we have seen. The integration between FI and SD means any invoice that any data that has been generated in sales and distribution module, is going to [...]
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So after the completion of the configurations, we have to do just 2 more configuration steps. And, one is, we need to activate the country India version settings. Go to Logistics general, tax on goods movements, Go here. India. First is basic settings, go to maintain company code settings. [...]
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So the other day, we were going through withholding tax, accounts receivable, accounts payable, Financial accounting (new), withholding tax, extended withholding tax. What we have done, we have done the basic settings. In basic settings, check withholding tax countries. We had India and [...]
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Now let me go through the partial payment. Same process. You need not test it. If you are comfortable with the partial payment in case of customer, the same process here. Take here. You can take partial clearing. Out of 1 lakh 35,000, say first we have paid 35,000. 20405 is my bank account. [...]
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Yesterday, we started the accounts payable and posted the entries. We have created the GL account, inventory of raw materials and five recon accounts we have created. Now let us create the vendor account. Master records FK01, FK02 to change, FK03 to display. Company code DRLB, account group. [...]
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Here, See, this is the procurement cycle. Procurement cycle, see, requirement to determination means what is the material that is required by see, account payable deals with what Procurement of materials and, maintenance of vendors, making payments to vendors, and of course, it’s a [...]
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Cash discount, when we are going to give discount to the customer, what is the accounting entry? So here, when sale is made, customer account return to sales. Now when payment is received, bank account return 97,000, discount account return 3 and to customer, we give 100%. This is the [...]
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So the sales invoice looks like basic price, discount,, Add sales tax, then there is the sale price, then add transportation charges, this is the kind this will be done through the sales and distribution module. Your taxes etc will be calculated. But here, the tax, what we are going to [...]
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