how to Clear Cenvat Suspense account Manually by Passing JV in FI

[Former Member]

"Note: Cenvat Suspense Account should be cleared apprpiately using FI JV's.  " while searching for threads everywhere i read that Cnevat suspense account should be cleared by passing JV.

Accounting Entry at the time of Stock Transfer

No accounting entries for proforma billing document

During Excise invoice Creation

Cenvat suspense account Dr.

To Cenvat Payable Account Cr.

now some balance remains in that cenvat suspense account so my question is that against which GL i clear that cenvat suspense account debit balance

[Former Member · Accepted solution]

Dear Sumit,

if you have posted the J1IS with CENVAT Suspense A/c then get it clear against CENVAT Clearing A/c

via FI JV Process in FB50

As a result, it will create appropriate debit entry in CENVAT Clearing A/c and then go to MIRO and debit vendor by crediting CENVAT Clearing A/c and GR/IR Clearing A/c

Note: - CENVAT Suspense A/c will never come in picture during MIRO. So, its better to debit CENVAT Clearing A/c during J1IS which will avoid the manual postings and JV in CENVAT Clearing and Suspense A/c.

Thanks

Trinath gujari

[Former Member]

Dear Sumit,

Through Cenvat clearing account,!

Cenvat suspense account is used as an intermediary account between creation of Excise invoice through transaction code J1IIN and creating billing document through VF01.

Following link will helpful for you.

https://scn.sap.com/thread/1402964

Regards,

Sumit