Accounting entries

[Former Member]

Hi

What are the accounting entries for the sales Invoice and credit memo. and what is the importance of the control field "Negative posting" in VOFA.

Plz elaborate with example.

Thanks & Regards

Debasish

[former_member204513 · Accepted solution]

Hi Gupta,

Negative posting Indicator that causes the transaction figures to be reset for a document item.

If the indicator is set, then the transaction figure update is changed.A correspondingly set posting on the debit side reduces the credits side of the account. A credit posting reduces the debit side of the account.

Use

The indicator can be entered in billing types for credit memos and cancelations. It only has the required effect in FI, if the company code permites negative postings.

I hope it will help you

Regards,

Murali.

[Former Member · Accepted solution]

Thanks Murali. The same thing is explained in Sap help, but i am unable to understand how it is practically applicable.

Hope to receive some examples from your side.

Thanks and regards

Debasish