CROSS COMPANY CODE POSTINGS
Company code :BIL BSL
Outstanding expenses of BSL paid by BIL
To
Bank 25000 To BIL 25000
Paying company code : BIL
Credit
Bank :BIL 25000
Debit
outstanding exp :BSL 25000
Use
the Transaction code :F-02
Give the document date :Today’s date
Type :SA
Company code :BIL
Posting key :50
Account no. :200105 SBI CA
Enter
Amount :25000
Business area :BILH
Text :outstanding
expense payment on behalf of BSL
Posting key :40
Account no :100500
out standing exp.
New company code :BSL
Enter
Amount :*
Business area :BILH
Text :+
From the menu select document à Simulate
Double click third line item
Business area :BILH
Text :+
Select next item button
Business area :BILH
Text :+
Select save button or Ctr+S
Posting by
Company code :BIL
Cross company code no. :15 08
FI
posted by
Company code :BSL
Cross company code no. :2 08
By viewing the cross company code document
number – We know which company code has initiated the posting.
Select continue button
Accrual orders (Imputed cost calculation)
This is used for month end provision only
in CO
This is used for irregular expenses
like Bonus
Cost element category should be 3
Accrual/ Deferral per surcharge
Define CO.No.range in interval for business
Transaction :KAZ1 – Actual cost
center accrual
FI
Month end provision
- Accrual / Deferral document
- Bonus provision for Nov
30.11.2008 Bonus
A/c Dr.10000
To Out standing exp. 10000 Dept A
- Reverse next month 1st 01.12.2008
01.12.2008 Outstanding Exp. Dr.10000
To Bonus A/c 10000 Dept A
- Bonus provision for Dec.
31.12.2008 Bonus
A/c Dr
To Out standing exp 20000 Dept A
- Open item management
A). Bonus
provision for Nov.
30.11.2008 Bonus A/c Dr10000
To
Outstanding exp. 10000 Dept A
B). Bonus
provision for Dec.
31.12.2008 Bonus Dr.10000
To
Outstanding exp 10000 Dept A
Month end provision
Number of
companies will not prepare profit & loss and Balance sheet every month, the
will not make provision in the books every month in year end, companies follow
accrual basis of accounting. They make provisions for the whole year.
Expenditure for all the months Less (other than March)
Expenditure for
March More
In SAP when we
take production an accounting entry will be generated automatically – Finished
goods valuation will be based on costs for the month.
Stock valuation
will be accrual orders Lower in
all month other than March
Accrual orders Higher
in March
Create overhead
structure
Salaries 100000
Bonus -10% on
salaries 1000 Debit
cost center credit cost center
Dep Dummy (No
accounting entry)
In
the month end Dept
A
Bonus 1000
allocation to Dept A costs will
be allocated to
production orders – There by Dept A will be zero- production valuation will be
correct.
Dept
Dummy
Bonus 1000
In the year end – in FI when we make bonus
provision for the whole year.
31.03.2009 Bonus A/c Dr
To
Outstanding 1200000 Dept Dummy
Dept dummy values in the year end
31.03.2009
Dept dummy 1200000 April to March 10000*12 = 120000
====== =====
In the year end Dept dummy values will be
zero.
Creation
of GL master bonus account – personnel cost (FS00) group:-
Give the GL Account No. :400105
Company code :BIL
Select with template button
Give the GL account no. :400100 (salaries)
Company code :BIL
Enter
Change short and GL account long text to
Bonus account
Save
Select edit cost element button (F8)
Valid from date :01.04.2008 to 31.12.9999
Enter
Cost element category :Select 3 accrual
deferral per surcharge
save
Creation
of cost center – Dept dummy (KS01)
Give the cost
center : Dept dummy
Reference cost
center : Dept A
Controlling area :BIL
Enter
Change name to
Dept dummy
Change description
to cost center: Department dummy
Select save button
Ignore the warning
message press enter
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