Construction Exp
Accursal
Accrual Posting in SAP:
Accrual posting involves recognizing revenue and expenses when they are
earned or incurred, regardless of when the amount is actually received or
paid.
Post the Accrual Postings -FBS1
Input Line Items:
Enter the relevant line items for the accrual. For example:
1. Debit the Construction Expenses account.
2. Credit the Accrued the Construction Expenses Account
[Link] the Document:
After verifying all entries, click the Post button to record the
accrual in the system.
Document display (FB03)
Reverse accrual document (with T-Code F.81) on 1st of
next month
On the first working day of the next month, use transaction
code F.81 to reverse the accrual.
Enter the document number of the accrual to be reversed and confirm
the reversal
Reversal - this involves the automatic cancellation of certain adjusting
journal entries made during the end-of-period closing process.
Document Entry FB03
Posting the Vendor Invoice (F-43)
Posted the Vendor Invoice on 10th September 2024
Input Line Items:
Enter the relevant line items for the Vendor Invoice. For example:
1. Debit the Inventory of the Raw Materials account.
2. Credit the Accrued the Vendor Account
Post the Document:
After verifying all entries, click the Post button to record the
Vendor Invoice in the system.
Document display (FB03)
Check Vendor Line Item
Posting the Vendor Payment (F-53)
Fill in the following fields:
Document Date: The date of payment.
Company Code: The code for your company.
Payment Currency: Specify the currency used for payment.
Cash Account: Select the account from which payment will be
made.
Payment Amount: Enter the total amount to be paid .
Input Line Items:
Enter the relevant line items for the Vendor Payment. For
example:
1. Debit the Vendor Account.
2. Credit the Cash A/C
Document display (FB03)