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Year end closing Inventory

Hello All,

I am seeing some difference in physical inventory and SAP stock till 31-Mar-17

I want to know, how do I reconcile this difference.

just by goods issue and Goods receipt or any other method? Please advise.

Please also advise on financial impact.

Thanks & Regards,

Hitul

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4 Answers

  • May 11, 2017 at 08:46 AM

    Hi,

    Have you managed to figure out why there is a difference appearing in the Physical Inventory and the Inventory in the books?

    Based on what the difference comes from will decide further course of action. An accountant would be a better person to take a decision as to what and where the difference should be booked.

    Regards,

    Jitin

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  • May 15, 2017 at 08:03 AM

    Hello,

    We are not able to find the differences for some items.

    What would be the next step without finding differences.

    Thanks & Regards,

    Hitul

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  • May 15, 2017 at 12:07 PM

    Hi,

    If you post Inventory posting document based on Inventory counting, the system automatically adjust stock variance ( + Means system will increase the existing stock, - means system will decrease the stock).

    Create test environment and do inventory posting and check your balances.

    Regards,

    Nagarajan

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  • May 16, 2017 at 07:10 AM

    Hi Nagarajan,

    I didn't get you exactly.

    Inventory posting document means Goods issue and Goods receipt?

    Please correct me, if am wrong.

    Thanks & Regards,

    Hitul

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