Errro in MIGO - Account determination for entry CIPL BSX 0001 ___ 7904 not

[Former Member]

Hi,

I have created a new Valuation Class (7904). While doing the MIRO the following error is encountered:

Account determination for entry CIPL BSX 0001 ___ 7904 not possible.

The error is most probably due to the G/L Account. Pls. let me know how can I assign the G/L Code to the newly created Valuation Class.

Regards

[Former Member · Accepted solution]

Hi

In T.code OBYC for transaction BSX you have to enter the details like the valuation class 7904, valuation modifier,GL account.

BSX is for inventory posting and double click on BSX and enter your chart of accounts and enter the details

Regards

Aravind

[Former Member · Accepted solution]

Thanks Aravind & Zaid,

I am able to see the desired Screen.

Pls. also let me know how to create a new G/L Account & what all assignment need to be done.

(Pls. don't mind. I am into MM, just exploring the problem because our FI guy is on Leave)

Regards,

[former_member601419 · Accepted solution]

you create a g/l in fsoo and you link it in OMWB or related. Just map it there next to the valuation class.

Points will be appreciated.

Regards,

Zaid Azam

[Former Member · Accepted solution]

Hi karn,

GL account can be created using T.code FS00.

There are 5 tabs in this screen. Let me take u thru the minimal things first.

1st tabtype/descriptionenter the account group--select balance sheet accounts(if you have one)

Select balance sheet account

Name it as Finished goods inventory or Raw material depending on your requiremt

2nd tab-

select only balan in loc currency--sortkey-001 and Line item displ

in 3rd tab select field status group G001 and post automatically only check box.

Your GL account is ready

Regards

Aravind

[Former Member · Accepted solution]

Thanks Zaid,

I have reached to the desired screen thur FSP0.

Will be pls. brief me the Mandatory Fields for the same (while creating the G/L)

Regards,

[former_member601419 · Accepted solution]

Hello please read explanation about every tab in Fs00

Points will be appreciated.

Thanks,

Zaid

Creating G/l accounts

Here’s an explanation of the fields that appear on the g/l account.

Account currency : Enter the currency in which the account should be managed. This would be USD

Only Balances in Local currency Set this indicator only if you want the balances in the account to be updated in the local currency. This indicator affects how clearing will work in this account if it is to be managed on an open item basis. Open item basis means that you want to view all individual items that make up the balance of the account and clear individual line items so that you can view both open and cleared line items. Open item management is a further reconciliation function. This indicator should usually be set for clearing accounts. If the account is not managed on the open item basis, this indicator is no needed. You must activate this indicator on your GR/IR account in order to allow goods receipts transactions to post correctly.

Exchange Rate Difference key ( Currently not applicable for us )

This key determines which account valuation gains or losses are posted to for the account you are creating. This indicator is typically set for accounts that are not managed on an open item basis and are kept in a foreign currency instead of the local currency. The exchange rate difference key is configured in table T030S

Tax category.

This indicator controls what types of taxes can be posted to with this account. The possible entries based on the standard tax categories in the system are as follows.

- Indicates that only input tax postings are allowed with this account. Input taxes are sales and use taxes paid by the company.

+ Denotes that only output tax postings are allowed with this account. Output taxes are sales taxes charged by the company to its customers.

• Specifies that both input and output tax postings are allowed to this account.

< Signifies input taxes on account. This symbol should only be used for tax accounts.

&#61656; Signifies output taxes on a tax account. This symbol should only be used for tax accounts.

Posting without tax allowed Set this indicator to allow both taxable and nontaxable postings to this account. If you specify a tax category in the earlier field without selecting this indicator, you will not be able to post nontaxable items.( without a nontaxable category indicator) to this account.

Recon Acct for Acct type This field denotes that the G/L account being created is a reconciliation account for one of the sub ledgers. The available selections for this field are listed below

A Select this indicator if you are setting up a reconciliation account for the Fixed Assets sub ledger

D Select this indicator if you are setting up a reconciliation account for the Customer sub ledger.

Alternative Account No. The alternative account number is used when you are using a country chart of accounts for the company code in addition to the regular chart. Enter the account number of the G/L account in the country chart of accounts.

Open item management. Select this box if you want to manage the account with open item management. Open item basis means that you want to view all individual line items that make up the balance of the account and clear individual line items with offsetting line items so that you can view both open and cleared items and amounts in an account. Open item managed should be used if an offsetting entry is made for every line item posted in the account ( the account is reconciled and cleared against another account). A good example for the use of open item managed is for clearing accounts such as GR/IR account.

Line Item Display. Select this box if you want to be able to see account balances by individual postings to the account. Be careful not to set this indicator on accounts with very large number of postings. If you selected Open item management indicator, this indicator should also be set. However setting this indicator does not require that you make the account open item managed.

Sort Key The sort key determines what is populated in the allocation field of the G/l line item postings for the account. The system uses the allocation field to sort postings when displaying the line items of the account. The allocation field is populated automatically by the system with the information from either the document header or line item, or it can be populated manually by the user at the document entry. The allocation field also be used as a tool to help in the reconciliation process.

Authorization Group. If you want to limit who can make master data changes to this account, populate this field with the authorization group that is needed to change the account. The authorization group is tied to a authorization objects, which are tied to user profiles in the system. Should work with Andre when setting up authorization groups and profiles.

Accounting Clerk( not really necessary for us)

In this field you want can enter the identifier to assign the accounting clerk who will reconcile this account. For example this might be used to report who is to reconcile certain accounts

Field status Group The field status group controls whether postings to cost centers, internal orders, profitability segments, and so on are required, not allowed or optional. The settings can be changed in Obc4.

Post automatically only . Select this indicator if you do not want users posting manually to this account. When the indicator is selected, only the system can post this account based on the configuration in the account assignment tables. ( FBKP).

Supplement Auto postings.

With this indicator selected, you can manually update the account assignments ( cost centers, internal orders and so on) for line items that are generated automatically by the system. The field status group on the account will determine what account can be updated manually.

House Bank

If you are creating G/l accounts for a bank account, select the house bank that the G/L account belongs to in this field .

Account Id If you have selected a house bank then select the account ID for the house bank that this G/L account belongs to.

[Former Member · Accepted solution]

Thanks Aravind,

I am able to create the G/L now.

And the Error in MIGO is also solved.

Now u also brief me what precaution should we take while creating a new Valuation Class.

I have used OMSK & OMWB

Thanks a lot to u Zaid & Aravind again.

[former_member601419]

Hello

You can assign through FBKP- automatic postings Materials management Then BSX , here you can assign the G/l to Valuation class.

You can also do thorugh OMWB and OBYC like Aravind said. In OMWB you can run the where used list to see the G/ls linked to a valuation class.