Skip to main content

Hi Experts,

Could you kindly let me know what are the posting types need to be set up to process a Customer Order Invoice with tax?

Do I need to set up M24 posting type  too. If so, at which point M24 is triggering?

 

 

 

 

 

Hi @Thej,

Refer below posting controls for sales invoice with taxes.

 

M24 is related to cost of sales of the delivered goods and its triggering when customer order delivers in IFS application. Refer below posting control and business event for easy reference.

Hope this information useful for you.

 

Best Regards

Narmada


@Narmada ,

Accordingly, below accounting entries are triggering when we print the invoice. 

 

IP 2    Customer Claims, Invoice Cr.

IP4 Tax Disbursed                         Cr.

            Account Receivable           Dr.

( To record the sales Transaction)

 

M1 Inventory                                  Cr.

M24 Cost of Goods sold               Dr.

 

( To record the cost of sale value)

 

Please correct me if I am wrong.

 

 

 


hi @Thej,

M28, IP4, IP2 - when print the customer invoice

m24, M1 - When deliver the customer order

BR/Narmada


hi @Thej,

M28, IP4, IP2 - when print the customer invoice

m24, M1 - When deliver the customer order

BR/Narmada

@Narmada ,

 

Thanks a lot for the clarification


Reply