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?
Best answer by Narmada
View originalHi
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
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
M28, IP4, IP2 - when print the customer invoice
m24, M1 - When deliver the customer order
BR/Narmada
hi
M28, IP4, IP2 - when print the customer invoice
m24, M1 - When deliver the customer order
BR/Narmada
Thanks a lot for the clarification
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