SAP Go-Live activities: Initial Data Takeover Journal Entries

The stock upload will generate the following entry in the system:

Finished goods stock a/c ...................Dr
Semi-Finished goods stock a/c ............Dr
Raw Material stock a/c .....................Dr
Packing Material stock a/c .................Dr
Stores and spares a/c .......................Dr
Data take over a/c ..........................Cr

The accounting entry for Accounts Receivable open item upload is:

Customer a/c (not GL) ............Dr
Data takeover a/c .................Cr

 

The accounting entry for Accounts Payable open item upload is:

 

Data takeover a/c .................Dr

Vendor a/c (not GL) ...............Cr

Update the FI entry for asset through transaction OASV:

Plant and Machinery a/c .................Dr 
Accumulated depreciation a/c ..........Cr   
Data takeover a/c ........................Cr   

Upload General Ledger account balances:

Data takeover a/c .......Dr   (Balancing figure)
Cash a/c ..................Dr

Bank a/c ..................Dr
Advances ..................Dr
Share capital a/c .........Cr
Short term Loan a/c .....Cr
Long term loan a/c .......Cr