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MM Question

Former Member
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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?

Accepted Solutions (0)

Answers (2)

Answers (2)

former_member202646
Participant
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Dear Banda,

Kindly revert back with your reply.

Best Regards

Senthil Nathan Karunanithi

former_member202646
Participant
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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