GR to Cost Centre

[Former Member]

Hi,

We have some material which were PR/GR as cost center in the past since the material number were not applied. Now, we have applied the part numbers for these goods. Do we have a way to tranfer the existed physical Inventory of cost center to stock item with the new part number?

[Former Member]

Hi

You can use 561 movement type, intial upload of inventory.

Ravi

[Former Member]

Hi Ravi,

Thank for the fast response. By the way, do I need to adjust the balance in the G/L account as now the item is received as a material number instead of under cost centre

[Former Member]

if u have already consumed purchased material against cost center,

it is not required to adjust..

[Former Member]

Hi Santosh,

If the material is yet to be consumed, do I need to adjust the G/L account accordingly?

If so, how should I do it?

Thank you in advance.

[Former Member]

If u want to consume that material to PO cost center then there is no need to adjust.

If u want to show in stock u have to adjust stock & accounts..

[Former Member]

Hi

If the stock were consumed against that cost center I think there is no need to do intial entry also, from now onwards u have to treat this as new material.

I agree with santosh. If the stock was not consumed then u need to do intial entry and do the GL adjustments accordingly.

Thanks

Ravi

[Former Member]

Hi Ravi,

Could you provide a generic steps of adjusting the G/L account?

Thank you in advance