Introduction
Business process cycle from P2P & O2C is important for any FICO Consultant for a better growth.This blog helps you to understand Purchasing & Sales business flow.
Procure to Pay
The procure to pay cycle is a process in which business inquire, request, receive and then pay for raw goods and services
Generating Purchase Requisition – ME51N
Making Inquiry – LM12
Purchase order Creation – ME21N
Release of Purchase order – ME28
Goods received from Vendor – MIGO (MM & FI Integration)
Raw Material Inventory a/c Dr – (Transaction key BSX in OBYC )
GR/IR Clearing account a/c Cr – (Transaction key WRX in OBYC )
Goods Issued for Consumption (MM-FI-PP Integration)
Raw material Consumption a/c Dr
Raw material Inventory account a/c Cr
Production receipt (MM-FI-PP Integration)
Finished goods Inventory a/c Dr
Change in Stock a/c Cr
Invoice Verification – MIRO
GR/IR Clearing account a/c Dr
Vendor a/c Cr
Payment to Vendor – F110 for Automatic payment & F-53 Manual payment
Vendor a/c Dr
Bank a/c Cr
Order to Cash
Order to cash is a set of business processes that involve receiving and fulfilling customer requests for goods or services.
Inquiry from Customer – VA11
Sending Quotation – VA21
Sale order Crtock a/c Dr (Transaction key GBB in OBYC )
Finished goods Inventory a/c Cr ( Transaction key BSX in OBYC )
Customer Invoeation – VA01
Delivery of Finished goods – VL01N (SD-MM-FI Integration)
Change in Sicing – VF01
Customer a/c Dr
Sales a/c Cr – (Accounting key ERL in VKOA )
Receipt of Payment – F-28
Cash/Bank a/c Dr
Customer a/c Cr
We will be able to learn on how Accounting entries flows from SAP MM , SAP PP & SAP SD to SAP Finance. With this one can understand the complete business process of particular product.
Do like and share if you find the blog useful !!
Okumaya devam et...
Business process cycle from P2P & O2C is important for any FICO Consultant for a better growth.This blog helps you to understand Purchasing & Sales business flow.
Procure to Pay
The procure to pay cycle is a process in which business inquire, request, receive and then pay for raw goods and services
Generating Purchase Requisition – ME51N
Making Inquiry – LM12
Purchase order Creation – ME21N
Release of Purchase order – ME28
Goods received from Vendor – MIGO (MM & FI Integration)
Raw Material Inventory a/c Dr – (Transaction key BSX in OBYC )
GR/IR Clearing account a/c Cr – (Transaction key WRX in OBYC )
Goods Issued for Consumption (MM-FI-PP Integration)
Raw material Consumption a/c Dr
Raw material Inventory account a/c Cr
Production receipt (MM-FI-PP Integration)
Finished goods Inventory a/c Dr
Change in Stock a/c Cr
Invoice Verification – MIRO
GR/IR Clearing account a/c Dr
Vendor a/c Cr
Payment to Vendor – F110 for Automatic payment & F-53 Manual payment
Vendor a/c Dr
Bank a/c Cr
Order to Cash
Order to cash is a set of business processes that involve receiving and fulfilling customer requests for goods or services.
Inquiry from Customer – VA11
Sending Quotation – VA21
Sale order Crtock a/c Dr (Transaction key GBB in OBYC )
Finished goods Inventory a/c Cr ( Transaction key BSX in OBYC )
Customer Invoeation – VA01
Delivery of Finished goods – VL01N (SD-MM-FI Integration)
Change in Sicing – VF01
Customer a/c Dr
Sales a/c Cr – (Accounting key ERL in VKOA )
Receipt of Payment – F-28
Cash/Bank a/c Dr
Customer a/c Cr
We will be able to learn on how Accounting entries flows from SAP MM , SAP PP & SAP SD to SAP Finance. With this one can understand the complete business process of particular product.
Do like and share if you find the blog useful !!
Okumaya devam et...