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Third Party Miro accounting Entries

Former Member
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Hi all

what is the accounting entries after MIRO in third party process

Where material delivered from Vendor to Customer directly and vendor bill to company

Edited by: sandipamore on Sep 21, 2011 8:45 AM

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
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This message was moderated.

former_member182609
Active Contributor
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You can do stastical GR for third party PO.

Accounbting entries  Vendor account (-Ve) credit

                               GR/IR                 Debit

You have third part account assignment in PO.

When you do GR

Debit to third party account

Credit GR/IR account

jpfriends079
Active Contributor
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Hello

Accounting entries for 3rd Party Sales:

After MIRO

Vendor Account - Cr

GR/IR Clearing A/c - Dr

After VF01

Customer Account - Dr

Sales Revenue A/c - Cr

Regards

JP

Former Member
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Hi

thanks for the reply

But our client has newly insisted to include inventory valuation as wel

Because while goods are in transit how we will show this in SAP

could you pls give light on this area

appreciate if any one can guide how to go with inventory part (GR) in this scenario?

jpfriends079
Active Contributor
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For statistical GR, you can take help of MM teammate.

For goods transit, as goods are supplied by Vendor in 3rd Party sales.
You can explore the process, "Sales Processing Using Third Party (With Shipping Notification)".