Accounts & Compliance (NoteItEasy)

Hello viewers! If you are also one among those who dont know the difference between material movements 201 and 261, here I am to clarify the same. Every movement type entry in MB51 is mapped to the corresponding ledgers. Lets go ahead. To understand the difference between the above mentioned movement types, first we need to discuss about two storage locations namely stores and shop floor. Stores location is where all the materials including raw materials are received and stored. Shop floor is a storage location under the control of production department but not stores department. Issues of materials for consumption from stores can be of two types i.e, direct consumption by the cost centre (Indirect materials), consumed in the production process (Direct Materials). In case of indirect materials where the materials are consumed by the user department directly and are not direct materials, then for such material consumptions the stores department passes 201 movement type. In case...

Welcome back! In this blog I'll brief you about MB51 which feel I as the heart of the material module in SAP. Basically for every movement of material in the factory it should be entered in SAP as per the suitable material movement which are as under: 1. Movement Type 101 & 102 If any material is given with the movement type 101, it indicates receipt of material to the factory either on account of purchase or on account of stock transfer from other factory (GRN preparation). Movement type 102 indicates reversal entry of movement type 101. 2. Movement Type 201 & 202 If any material is given with the movement 201, it indicates direct consumption of material from stores department to the respective user department. Such movement is used in case of indirect materials and consumables like spares, diesel to generator etc. 3. Movement Type 261 & 262 Movement type 261 indicates consumption of materials from production department. i.e, material issued to produc...

Welcome back! In this blog we will be discussing the Tcodes relating to material module like purchase of materials, consumption of materials, sale of materials and all other movements of materials. For audit of any manufacturing concern using SAP the main Tcode which is helpful and provides all the material movements and is also heart of the material module is MB51 which will be discussed in detailed version in another blog along with movement types and description. 1. To see material movements (MB51) The Tcode MB51 provides us all the information of both quantity and value of materials procured and their consumption or sale or scrapping of materials. To be precise, once the materials enters the plant, how it is moved or used internally can be tracked through MB51 for every material. 2. To view a material movement document (MB03) With the Tcode MB03 you can view the journal entry for the material movements for the material document generated in MB51. Say, an item of raw mat...

Hello! In this blog I'll be giving you the details of basic SAP TCodes to carry-out the audit. Firstly I want to divide the discussion into two parts. 1. Related to Finance and Accounts 2. Related to Material Module In this blog we will be discussing the Tcodes related to Finance and Accounts. 1. View Journal Entry (FB03) With FB03 you can view the journal entry passed in SAP showing the account debited and the account credited and other details. Here is the preview of the same: Third digit is zero.  Steps 1. Enter the document number. 2. Enter the company code. 3. Enter the Financial year to which the document pertains to. ( There may be same document numbers in SAP in different financial years ). 4. Press Enter Key. Here is the preview after opening a journal entry. To know more details about the transaction, click on HAT symbol beside "Display Currency" option, which shows document type, SAP Id of the user passed the...