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Integration of FICO With Other Modules

1) The integration between FI (Financial Accounting) and MM (Materials Management) occurs through transaction code OBYC. Key steps include posting inventory and GRIR accounts when a goods receipt is posted and then vendor accounts when an invoice is paid. 2) Movement types, transaction/event keys, and valuation classes are used to define posting rules and update material master and stock account values. 3) The integration between FI and SD (Sales and Distribution) occurs through transaction code VKOA. Key steps include posting cost of goods sold and inventory accounts for a goods issue and then customer and revenue accounts when a billing document is released.

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Soumya Chowdary
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61 views

Integration of FICO With Other Modules

1) The integration between FI (Financial Accounting) and MM (Materials Management) occurs through transaction code OBYC. Key steps include posting inventory and GRIR accounts when a goods receipt is posted and then vendor accounts when an invoice is paid. 2) Movement types, transaction/event keys, and valuation classes are used to define posting rules and update material master and stock account values. 3) The integration between FI and SD (Sales and Distribution) occurs through transaction code VKOA. Key steps include posting cost of goods sold and inventory accounts for a goods issue and then customer and revenue accounts when a billing document is released.

Uploaded by

Soumya Chowdary
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Integration of FICO with Other Modules

What are the steps for integration of FICO with other modules SD, MM etc. ? Some basic information : FI-MM: The integration between FI-MM happens in T-code OBYC. 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. Points to know : Movement Types, Assignment of Movement types to T-keys (T-code OMJJ), Value string (I also need some information on this) , OMWN and OMWB transactions. --There is a close integration b/w FI & MM, actually document flows from MM to FI in the following areas such as, 1. Movement Types: Used to enable the system to find the predefined posting rules determining how the accounts of financial accounting system are to be posted & to update the stock fields in the matrl master data.(Goods Receipt, Goods Issue, etc)

2. Valuation Class: Assignment of material to grp of gl account, used to determine the gl accounts that are updated as a result of goods movement. 3. Transaction/Event key: Used to control the storage or filing of documents & assignment of documents.Used to differeniate b/w various transactions such as goods movement tht occur in inventory. 4. Material Type: Each material should assign mtrl type in mtrl master record used to update whether changes made in qty are updated in material master record & change in value also updated in stock account. FI-SD Integration: The integration is done in T-code VKOA 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.

Points to Know : Good to understand the pricing procedure and how the different transaction keys are used like ERL, ERS etc.

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