Purchase Account Managment

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Purchase Account Managment

Transcript of Purchase Account Managment

HiYou activate the purchase account management function in the company code.In some countries purchase accounts must be managed to document the value at which externally procurred materials are posted.The purchase account is posted at the time goods receipts and incoming invoices are posted, with the same amount as the stock account. The offsetting entry is posted to a purchase offsetting account. The purchase account is generally not posted upon goods receipts for purchase orders with account assignment.A freight purchase account also exists. This is used to document delivery costs posted for externally procured materials.Purchase account management is currently used in the following countries:BelgiumSpainPortugalFranceItalyFinlandIn Customizing you can1. Specify the company codes in which purchase account management is active.2. Then maintain the automatic account determination function for the following transactions:EIN Purchase accountEKG Purchase offsetting accountFRE Freight purchase accountIn India also you can activate this in case of Trading compnies where you need to track the Amount of Purchase on account basis.For ConfigSPRO-> IMG-> Materials Management-> Valuation and Account Assignment-> Account Determination Without Wizard-> Purchase Account ManagementActivate Purchase Account in Company CodeCalculation of Value for Purchase AccountSeparate Accounting Document for Purchase Account PostingsConfigure Automatic PostingsAt the time of GR ,Debit Stock accountCredit GR/IR clearing accountDebit Purchase accountCredit Purchase offsetting account