Accounting Entries for MM, FI related

o What should be my accounting entry in procurement?

For Domestic Procurement of Raw Material
During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr.
Cenvat Clearing Cr.
During Invoice Verification
Cenvat Clearing Dr.
GR/IR Clearing Dr.
Vendor Payable Cr.

For Domestic procurement of Capital Goods

During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr. (50%)
Cenvat On-hold Dr. (50%)
Cenvat Clearing Cr.
During Invoice Verification
Cenvat Clearing Dr.
GR/IR Clearing Dr.
Vendor Payable Cr
Subsequent of Capital Goods
Cenvat Account Dr. (50%)
Cenvat On-hold Cr. (50%)

For Import Procurement of Raw Material

During Customs Duty Clearing invoice

Custom Clearing Dr.
Custom Payable Cr.
During GR
Material Stock Dr.
GR/IR clearing Cr.
During Excise Invoice Credit
Cenvat Account Dr.
Custom Clearing Cr.
During Invoice Verification
GR/IR Clearing Dr.
Vendor Payable Cr.

For Excise Duty Credit of Raw Material without PO

Cenvat Account Dr.

Cenvat Clearing Cr.
 For Excise Duty Reversal through Excise JV

Cenvat Clearing Dr.

Cenvat Account Cr.

o What should be my accounting entry when the goods are issued through MM and excise
invoice is created (J1IS & J1IV)?
During Excise Invoice Creation
Cenvat Suspense Account Dr.
Cenvat payable Cr.

For TR6C Challan

PLA Account Dr.
PLA on hold Account Cr.

During Fortnightly Utilization

Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.

Note: Cenvat Suspense Account should be cleared appropriately using FI JV's.

o What should be my accounting entry in subcontracting reversal / Recredit?

For Subcontracting Challan Reversal
Cenvat Reversal Dr.
Cenvat Account Cr.
For Subcontracting Challan Recredit
Cenvat Account Dr.
Cenvat Reversal Cr.

o What should be my accounting entry in SD ?

For Factory Sale

During Billing Document

Customer Account Dr.
Sales Account Cr.
Cenvat Suspense Account Cr.

During Excise Invoice Creation

Cenvat Suspense Account Dr.
Cenvat payable Cr.

For TR6C Challan

PLA Account Dr.
PLA on hold Account Cr.

During Fortnightly Utilization

Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.

For Stock Transfer through SD

No Accounting entries for Performa Billing Document

 During Excise Invoice Creation
Cenvat Suspense Account Dr.
Cenvat payable Cr.

For TR6C Challan

PLA Account Dr.
PLA on hold Account Cr.

During Fortnightly Utilization

Cenvat payable Dr.
Cenvat Account Cr.
PLA Account Cr.

Note: Cenvat Suspense Account should be cleared appropriately using FI JV's.

http://sap-iq.blogspot.com/2009/09/accounting-entries-for-mm-fi-related.html

http://sapinfohelps.blogspot.com/search/label/SAP%20FI-AA

http://sap-f6.blogspot.com/2009/05/sap-period-end-closing-activities.html