erp till 2nd august

8/9/2019 ERP Till 2nd August

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5-Jul-10

finance:

financial accounting

controlling - overhead costs etc.fixed assets mgmt.enterprise controlling - managerial

project system - pert cpm

emerging fields:workflow - leave approvals etc.

industry solutions - education health care.. specific to industries.

sales and distributions

operations:materials mgmt. - procurement, inventory mgmt.

production planning - discrete manufacturing, process manufacturingservice mgmt. - consulting firm and other services companies - billing - CA law firms

quality mgmt. - inspection and statistical controls.plant maintenance - repair, services and replacements.

human resources - payroll,

Materials management:Master data about materials

inventory mgmt.purchasing

material masterphysical inventory

logistics invoice verificationmrp.

service entry sheet

servie mastervaluation

product catalog

foreign trade/ customs

Components of sales & Distribution

Master DAta

Sales support

salesbilling

credit mgmt.shipping transport


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sales information system

foreign trade

Components of Financial Accounting

Financial AccountingAccounts Receivables

General ledgeraccounts payable

fixed assets

special purpose ledge

banks

7-Jul-10

Business process integrationthree toolsorg. Data

RulesMaster data

sub division:

FIMM

S&D

org. data is not about organogram.. rather it defines the various sets and entitiesinvolved in any kind of transaction. based on the kind of queries/ reports we need for

analysis, some fields has to be preset .. like branch code in account number.

rules are of two types - implicit and explicit.

FI: org structure1. Client - in case of cloud computing, the database of many companies may be

controlled by a single software. or even for things like working/ baseline.. etc..

2. company - optional - consolidate the accounts of all the subsidiaries at this level.3. company code -4. Chart of accounts - legends for accounts - various heads.

5. fiscal year variant - variables for chart of accounts - differs with place to placebased on the financial years for the respective country.

6. credit control area - similar to limits based on customer id and account number.

consolidation of accounts can be done at company level/ business area level(individual business level)

7. account groups

8. field status variant

9. fiscal year variant10. tax version


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legend - asset liability equity income expenditure

debit - down, up, up, up, downcredit - vice versa

19-Jul-10

1.

taxi4hire

one day ago:taxihire sends a bil for 200today pay 200

explore the documents

2.Taxi4Hire

*one day ago: Taxi4hire sends a bill for 200you pay in two installments

one day ago pay 100

today pay 100

explore the documents FB03

3.partial payment with discount

*you have struck a deal with taxi4hire - 5% discount on every invoice above 100.Taxi4hire also provides the cleaning and security services to pen inc

*you receive invoices as follows

-three days ago: 150 for travel-2 days ago 50 for cleaning

-one day ago: 200 for security

* you pay as follows-one day ago 200

-today: rest of the payment

OBXU for configuration of discount item

21-Jul-10

third exercise of the previous clas

Dr Travel 142.5Cr Taxhire 142.5


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Db Creamy 50Cr Taxihire 50

Db Security 190

Cr Taxi4hire 190

*************

In this method Enter the net amount when you are entering in payment window

Db Travel 150Cr Vendr 142.5

Cr income from discount 7.5

Db Cleaning 50Cr Vendor 50

Db security 200

Cr Vendor 190Cr income from discount 10

*********

n another scenario, the vendor will give the invoice for the whole amount..but we will force a discount..

28-Jul-10

Invoice with tax

4. The govt. has changed the rule that payee should deduct a tax of 10% of each

payment

one day ago: you receive an invoice from taxi4hire for 200

today you pay 180 and earmark 20 for tax

one day from today you pay the govt. 20 (

Route:

acounts..

financial accounting..general ledger..


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posting..

enter G/L

5 Reverse transactions

one day ago: Tax4Hire sends a bill for 200

you reverse the transaction today

6. Reverse transaction (FB08)

one day ago: Taxi4hire sends a bill for 200

today : you make the payment 190

one day from today you reverse the transactions

in partial payment 1st reverse the payment document(partially paid) and then

reverse the original invoice

If full payment is done then use FBRA

7. Recurring payment(in reference document)Acco

FAGL AC

Posting

Reference doc

Recurring Doc

you have leased a house from tanager leasing and you should pay 200 on the 5th of

every month

8. payment programme

AccoFA

GL ACAcc payble

Doc EntryInvoice

10 days ago: Taxi4hire sends a bill for 200. Following are the terms of payment:- 2% discount if paid within 14 days


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- no discount if paid beyond 14 days

Today you make the payment.

obxu

2-Aug-2010

Accounts payable reconciliation 300330

Accounts Receivable reconciliation 110330Accrued Tax - Input 321330

Accrued Tax - Output 320330Bank (Checking Account) 100330

Common Stock 330 350330

Cost of Goods sold expense 790330Discount Account 783330Goods Receipt/ Invoice receipt account 310330

Hire Expense 782330

Information Technology Expense 770330Miscellaneous Expense 781330

Operating Supplies Inventory 203330

Purchase price difference account 760330Rent Expense 780330

Retained Earnings 330330

Supplies Expense 740330Trading Goods Consumption/Expense 721330Trading Goods Inventory 201330

Utilities Expense Account 750330

Vendors:Taxi4Hire330 100271

Tanager Leasing 330 100106Santhosh330 100085

class

payment programme

9. payment programme

20 days ago: taxi4hire sends a bill for 200. following are the terms of payment

2% discount if paid within 14 daysrest to be paid within 30 days

10 days ago: you make the payment $100today you make rest of the payment.


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10.Manual underpaymentone day ago: receive invoice for $100

this is disputed. you claim the value should be $80

so you pay $80

this should not accompany income from discount

11.Automatic underpaymentone day ago: receive invoice for $100

this is disputed. you claim the value should be $80so you pay $80 (under payment)

do the configuration so that under payment will work automatically.

12.Vendor returns money

7 days ago: taxi4hire sends a bill for $2003 days ago: you make the payment

today: taxi4hire send back $10 because they had over charged.

erp till 2nd august

Documents