✒️SAP CO El cálculo de provisiones
SAP CO El cálculo de provisiones
Hi All,
Please let me know the functionality of tcode FBS1.
I have created a accrual document using FBS1 and in Reversal Date field have mentioned date of reversal, now will this document will get reversed automaticaly or do i need to reverse it manualy ?
Need your help in resolving the issue.
Thanks
Andy
This T.Code (FBS1) is used for posting Provision Entries.
Every provision entry, need to be reversed when we book actual cost in the next month.
We reverse this provision entries thru F.81, which will reverse the entries based on the reversal date given in the Provision entry (FBS1).
Eg: Step 1: FBS1 (Posting Date: 28-02-2010, Reversal Date: 5th of Every Month)
SALARY A/C Dr 100000
TO SALARY PAYABLE 100000
Step 2: F.81 (This will reverse the above entry on 05-03-2010, bcos reversal date is given as 5th of every month.
SALARY PAYABLE Dr 100000
TO SALARY A/C 100000
OTHER:
The bottom line for using accrual and then do the reversal, is when you are not sure about the exact expenditure or income amount, but you do the posting based on estimation (popularly called provisions). This has to be reversed when you will post the actual expense or revenue. Otherwise, you will have duplicate entries.
For example, you company is paying taxes quarterly to tax authorities. You can post(accrue) the taxes monthly, estimated based on the taxes paid last year for the same period (or based on certain percentage formula), and you will reverse those the next month. You can do the same for the next 2 months as well. You will post the actual expense when you will know the exact amount of tax to be paid quarterly.
The accrual accounting principle is that you don't just reflect the expense or revenue when the cash is settled, but when the business activity is performed.
 
 
 
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