Accounting Entries during Third Party Sales Process

When Sales Order is Created

1
No FI Entry
When Purchase Requisition is Created
2
No FI Entry
When Purchase Order is Created
3
No FI Entry
When MIGO is done
4 (GBB-VAY) COGS-Third Party A/C - Dr.
(WRX) GR/IR Clearing A/C - Cr.
When MIRO is done
5.1 GR/IR Clearing A/C - Dr.
Vendor A/C - Cr.
When MIRO is done without MIGO
5.2 COGS-Third Party A/C - Dr.
Vendor A/C - Cr.
When Invoice is created in VF01
6 End Customer A/C - Dr.
Sales Revenue A/C - Cr.
When payment is realised from End Customer
7 Bank/Cash A/C - Dr.
End Customer A/C - Cr.
When Vendor is finally paid
8 Vendor A/C - Dr.
Bank/Cash A/C - Cr.