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MM Question

Have bought stock without material price in the material master, i don't know what to do to update them since they are now in their storage location. The GR has been done already and we have issued all stocks but the remainder how do i deal with the scenario?

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2 Answers

  • Posted on Jul 12, 2016 at 04:06 PM

    Dear Banda,

    As per the standard, you've to follow the following steps.

    1. Reverse all the goods issued

    2. Reverse GR

    3. Re-Process the GR with the actual price (It will update the correct price in the material master)

    4. Re-issue all the goods

    In case if the above steps are not possible due to various valid reasons, please update the price manually through MR21 transaction. It will have financial impacts. It will only update the current inventory value and not the goods which are already consumed. Also discuss with your FI consultant for the accounting entries because Price difference account will be hit when you do MR21.

    Please check and revert back for any further help.

    Best Regards

    Senthil Nathan Karunanithi

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  • Posted on Jul 18, 2016 at 02:24 PM

    Dear Banda,

    Kindly revert back with your reply.

    Best Regards

    Senthil Nathan Karunanithi

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