FI-HR Integration Symbolic accounts are a way to bring together financial amounts from different sources that are all bound for the same General Ledger (G/L) account or accounts. FI. Symbolic accounts map wage types on the HR side to G/L account numbers on the FI side. For every wage type you will have to assign the Symbolic account. The symbolic account will decide to which type of account (Expense Account, Balance sheet Account, Customer, Vendor) the postings will be made in Finance. In the Wage types Posting, you will define whether account will be debited or credited.
Transcript
FI-HR Integration
Symbolic accounts are a way to bring together financial amounts from different sources that are all bound for the same General Ledger (G/L) account or accounts.
FI. Symbolic accounts map wage types on the HR side to G/L account numbers on the FI side.
For every wage type you will have to assign the Symbolic account.
The symbolic account will decide to which type of account (Expense Account, Balance sheet Account, Customer, Vendor) the postings will be made in Finance.
In the Wage types Posting, you will define whether account will be debited or credited.
Basic Pay DrHRA DrInsurance DrOvertime DrOthers DrPF Dr
To Salary payableTo PF PayableTo Tax payable
1. When PO is created : ---- No Entry -----
2. When GR is posted Inventory Account dr (Transaction Key BSX in OBYC) To GRIR account (T.Key WRX in T-code OBYC)
3. When Invoice is posted GRIR account Dr. Vendor account Cr.
4. Payment made to Vendor Vendor A/c Dr To Bank Clearing A/c Cr.
Stock posting (BSX)
Offsetting entry for stock posting (GBB)
Price differences (PRD)
GR/IR clearing (WRX)
V: Moving average price The goods received are valuated with the purchase order price. The moving average price is calculated by dividing the total value with the total stock and is used as a clearing price for goods issued.
� S: Standard price The standard price is entered into the material master record. The goods received are valuated with the standard price. Any differences between the valuated goods received and the purchase order amount is posted to a price difference account.
Movement Types
101 – GR against Purchase Order
561 – Initial Stock Upload
261 – GI against Production order
601 – GI against Sales Order
Price differences (PRD)
None for goods and invoice receipts against purchase orders
PRF for goods receipts against production orders andorder settlement
PRA for goods issues and other movements
PRU for transfer postings (price differences in the caseof external amounts)
1. Sales Order Created ---No Entry---
2. PGI done (Goods issue) Cost of Goods Sold Dr (Configured in OBYC GBB T-Key) To Inventory Account
3. Billing document released to Accounting Customer Account Dr. To Sales Revenue Account (ERL T-key in Pricing procedure) Note : The GL account is assigned to this ERL in VKOA
4. Payment Received Bank Clearing A/c Dr Customer A/c Cr.
Offsetting entry for stock posting (GBB)
AUA: for order settlement
AUF: for goods receipts for orders (without account assignment)and for order settlement if AUA is not maintained
BSA: for initial entry of stock balances
VAX: for goods issues for sales orders withoutaccount assignment object (the account is not a cost element)
VBR: for internal goods issues (for example, for cost center)
