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Former Member

Could SAP B1 handle " Periodic inventory System " ?

if SAP can handle Periodic inventory system, how to do this ?

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    author's profile photo Former Member
    Former Member
    Posted on May 05, 2010 at 04:37 AM

    hi expert,

    really thanks for your suggestion.

    after uncheck " perpetual inventory system", there is no effect on Stock a/c and closing stock a/c.

    so, how can SAP B1 handle periodic inventory system ?

    it seems only ignore the inventory accounting impact from stock transaction.

    all the effect on Stock a/c and closing stock a/c. have to handle by the end-users out of SAP ?

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    • Former Member Former Member

      Hi James

      Transactin wise accounting entries is understand.

      Posting of account entries for Stock Value at end of each period, you didn't mentioned .

      Is these entries below are correct for posting of stock values

      Creation of GL A/c Code for Opening Stock a/c in Expenditure Drawer code 500000

      Creation of GL A/c Code for Closing Stock a/c in Revenu Drawer code 400000

      Creation of GL A/c Code for Stock a/c in Asset Drawer code 100000

      When posting of Opening balance :-

      Directly posting to gl code 100000

      JE: Stock a/c code 100000 Dr

      To Opening Balance A/c Cr

      When Periodic Stock Post:- on Being date of period

      JE Opening Stock a/c code 500000 Dr

      To Stock A/c code 100000 Cr

      When Periodic Stock Post:- on Closing date of period

      JE Stock a/c code 100000 Dr

      To Closing Stock a/c code 400000 Cr

      If above entries are corect, When generating P&L at the end of year, Opening Stock and Closing Stock Values are accumulating Balance will show in P&L a/c

      Prasad

  • author's profile photo Former Member
    Former Member
    Posted on May 05, 2010 at 04:06 AM

    Hi Jamesss,

    SAP B1 can handle Periodic inventory system, for this keep uncheck "Use Perpetual Inventory" in Administration->System Initialization->Company Details. So automatically other options will deactivate accordingly.

    Regards,

    Sachin

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