Invoice Posting

[Former Member]

After doing MIRO (Invoice Receipt) , Do we have to Post Vendor Invoice too in FB60?

Thanks

[Former Member]

Hi,

Can you also explain how gl accounts will hit in Order to Cash.

Thanks in advance

[Former Member]

Check T Code VKOA. GL Accounts are assigned to Acct. Key (there are other options also in various tables in the initial screen of VKOA) and thats how SD billing documents hit GL accounts.

[Former Member]

You make payment with transaction code F-53 and manual check payment. or you run F110 - automatic payment program.

Accounting entries for payment posting are:

Vendor A/c................Dr

Bank/Cash account ...................Cr

[Former Member]

If we post invoice through MIRO that have a PO, then how does it going to hit expense gl account, In FB60, we credit vendor and debit inventory or expense account.

Please Clarify.

Thanks.

[Former Member]

In Purchase Order item (T Code ME23N), there is an Account Assignment tab. The G/L account which should be debited is specified there.

[Former Member]

When you do Goods Receipt with MIGO the following entry will be posted

Expense A/c or Inventory A/c .......... DR

GR/IR Account .....................CR

When you do Invoice Receipt (MIRO) the following entry will be posted

GR/IR Account ..........DR

Vendor A/c ...................CR

in this process GR/IR account is cleared and left out with

Expense A/c / Inventory A/c..shows debit balance

Vendor A/c shows Credit balance

like in FB60 posting

[Former Member]

If an invoice has been posted by MIRO for a PO, no invoice should not be posted through FB60 for the same one.

FB60 is how you post invoices that do not have PO

MIRO is how you post invoices, that have a PO.

Hope that helps..

Thanks,

Nandita

[Former Member]

No. Post Vendor Invoice is for Goods Receipts without PO.

Cheers.

[former_member197269]

No

FB60 is for FI invoice while MIRO is for MM invoices.

Hope this helps

Pls assign points as way to say thanks