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What is the procedure in SAP for Initial stock uploading? Mention the accounting entries also.
Initial stock uploading in SAP from the legacy system is done with inventory movement type 561( a MM transaction which is performed).
Material valuated at standard price: For a material valuated at standard price, the initial entry of inventory data is valuated on the basis of standard price in the material master. If you enter an alternative value at the time of the movement type 561, then the system posts the difference to the price difference account.
Material valuated at moving average price: The initial entry of inventory data is valuated as follows : If you enter a value when uploading the initial data, the quantity entered is valuated at this price. If you do not enter a value when entering initial data, then the quantity entered is valuated at the MAP present in the material master.
The accounting entries are: Inventory account is debited and Inventory Historical upload account is credited.
Initial stock uploading in SAP from the legacy system is done with inventory movement type 561( a MM transaction which is performed).
Material valuated at standard price: For a material valuated at standard price, the initial entry of inventory data is valuated on the basis of standard price in the material master. If you enter an alternative value at the time of the movement type 561, then the system posts the difference to the price difference account.
Material valuated at moving average price: The initial entry of inventory data is valuated as follows : If you enter a value when uploading the initial data, the quantity entered is valuated at this price. If you do not enter a value when entering initial data, then the quantity entered is valuated at the MAP present in the material master.
The accounting entries are: Inventory account is debited and Inventory Historical upload account is credited.
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