How to correct the stock properly ?

[Former Member]

Hello,

How is the process for stock corrections ?

It could be a unplanned increase or decrease of the stock ?

How is the impact in finance ?

Thanks for your replies ?

Regards,

[former_member533946 · Accepted solution]

Hello,
> 
> How is the process for stock corrections ?
> It could be a unplanned increase or decrease of the stock ?
> How is the impact in finance ?
> Thanks for your replies ?
> Regards,

Hi dear,

1) Ideally stock corrections are to be made by Physical inventory process.

2) For the unplanned increase or decrease u can use transaction codes related to consumtions.

If it is unplanned decrease u can reduce the qty by scrapping MB1A - Movememnt type 551 or by doing consumption on cost center MB1A - Movememnt type 201.

If it is unplanned increse u can use MB1A-552 or MB1A-202.

3) U can also adjust the stock directly by using MI10 transaction.Here u can maintain the stock as per storage location u have to maintain stock quantity only.

[former_member187989]

First question is more generic,please more specific.

Second question,

Yes,it could be unplanned increase or decrease,for this

You can use 201,202 or 701, 702 or 501 or 502 or 561 or 562 etc., movement types.

It all depends on for why do you want to do increase or decrease stocks.

Movement type - 701

If you want correct physical stocks then you can use MI10,Enter quantity physically available,Do not tick

zero count.On posting document,quantity replaces current stock.In this case 701 movement is performed

Movement type - 702

If you want nullify entire stock,use t.code MI10,tick mark zero count,do not enter quantity.

Movement type - 561

If stock is not uploaded, missed out in initial balance upload,Use MB1C - 561 movement.

If you want to correct opening stock,use 562 movement to reverse it,then do correct posting using 561 movements.

Third question

Impact in finance is generally stock account & inventory offsetting

account is affected.

For physical inventory adjstments

loss or gain of stock will happen,in this case stock a/c will be debited or credited against revenue or expenditure a/c .

[JL23]

The usual way is to create a physical inventory document with MI01, enter the count with MI04 and then post the differnce with MI07.

alternative you can use the movement 201/202 goods issue/reversal of GI to costcenter

or 551/552 scrapping/reversal of scrapping

to adjust the quantity in your location.

Valuated is such a adjustment with the price stored in material master, so either standard price or moving average according to your price control

[Former Member]

as per my knowledge u have to create physical document.....enter count details and enter differences......in background 701,701 movement types will be trigger....so automatically material document wiil be created based on u r differences...

[Former Member]

Hello,

Thanks for your reply.

What do you mean when you wrote " alternative you can use the movement 201/202 goods issue/reversal of GI to costcenter

or 551/552 scrapping/reversal of scrapping" ?

That concerns the MIGO ?

I don't understand ?

Regards,

[Former Member]

@SAPmariel

See post posting your stock corrections-

Option 1. Create physical inventory document with MI01, enter physical count with MI04 and post the differences using MI07 (with reason code as applicable)

Option 2: Go to MIGO. Do Goods Issue if actaul count is More than the system Cout else do Goods Issue is actual count is less than system. In both the cases mention " OTHER" as reference.