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Re: Inter-company Payment does not create IC-Clearing Account ?

Hi Setiadi,

 

Is this expenses belongs to 1001 company code why did you posted inter company invoice here. It should be it should be direct invoice posting under company code 1001. Entry as follows.

 

In 1001 Books :-

G&A Supply equipment's.........Dr .........1,50,0000.00

   To Vendor .............Cr...........1,50,000.00

 

No entry in 1000 Books.

 

If 1000 CC paid to above Vendor as inter company payment ,entries are as follows.

In 1000 Books :-

Inter company 1001 .......Dr........1,50,000.00

  To Bank Clearing account........Cr......1,50,000.00

 

In 1001 Books :-

Vendor account.........Dr

   To Inter company clearing account 1000........Cr for above amount.

 

Second method where single invoice received by 1000 CC for both company expenses,while booking the invoice mentioned JV will pass.

In 1000 Books :-

Expenses .........Dr ........100.00

Inter company 1001.....Dr.........300.00

   To Vendor ............. Cr......400.00

 

In 1001 Books :-

Expenses .........Dr.......300.00

  To Inter company 1000........Cr......300.00

 

Payment will be made by 1000 CC and no inter company adjustment entry required. Inter company adjustment entry already passed in Invoice.

Entry in 1000 CC.

Vendor ...........Dr.......300.00

  To Bank clearing account..........CR....300.00

 

I hope you understand the above SAP standard process.

 

Regards

Mani







 

 

 

 


 

 

 


 

 


 

 

 

 

 


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