Cash Sales Process & Accounting Entries

[Former Member]

Hi All,

I want to map Cash sales process in sap. I'm confused about the accouting entries for cash sales.

Customer has already paid the cash at the time of 'Cash Sales order' then when we create Invoice what should be the accouting entries.. ? which account should be debited or credited ?

Please help..

Rgds,

Priya

[Former Member · Accepted solution]

Hi Krishna,

Thanks. My Problem is KOFI00 account is getting determined instead of KOFIAC.

Please correct me if i'm wrong. I feel KOFIAC shud get determined in billing document.

Cash Account Determination is also maintained correctly for BV Billing Type.

I feel, GL Account should get determined from OV77 & not from VKOA.

Please suggest

Rgds,

Priya

[former_member204407 · Accepted solution]

Hi,

In cash sales account determination procedure-KOFI00 and G/L account determined from VKOA.

Check in revenue account determination settings also

Check in revenue account determination>define and assign account determination procedure>assign account determination procedure.

Here assign KOFI00 to your billing type-BV also mention cash account u2013EVV,

Save it.

Also make sure that maintain a/c key like-V-KOFI-INT-YOUR SALES ORG-EVV

Save it and try.

Regards,

Krishna.

[Former Member]

Thanks a lot

[Former Member]

This message was moderated.

[Former Member]

Hi Priya,

In cash sale scenario the system knows to pick the KOFIAC- Cash Account GL as oppose to the other KOFI00-revenue account GL. It is assigned to the Billing Document type ex: BV(Of course you have to assign the relevant and proper GL accounts so it can be hit and picked up.)

u can check this link as well.

http://wiki.sdn.sap.com/wiki/display/ERPLO/Account+Determination

Regards,

Deepak Sharma

[former_member204407]

Hi,

In cash sales process there is no accounts receivable posting from the billing document as the customer has already settled the invoice.Instead the invoice amount is posted directly in to Cash account( EVV)

also check this link

Regards,

Krishna.

Edited by: kris_hna on Aug 30, 2011 1:08 AM

Edited by: kris_hna on Aug 30, 2011 1:10 AM