Closed period inventory and Vendor transactions reversal

Dear SAP Gurus
While doing the Purchase order by mistake user has done the PO twice and GR,MIRO also passed twice and the period also closed in which PO,MIGO and MIRO has done.
I request you to how to reverse the Documents through which vendor, Inventory has to get effect. ie inventory has to reduce and vendor payment has to reduce.
Prasad

hi,
go to mmrv and mention ur company code and enter
activate allow posting to previous period indicator
(reverse all the document IR,GR,PO-delete, PR delete)
Edited by: Suresh Shenoy on Jan 18, 2008 6:36 AM

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It looks like clear violation of security setup .
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I have created the posting period in 2005B, forgot to change the Sub-Periods from defaulted Year to Months. So my posting period for 2009 is actually only one period instead of the normal 12 periods in a month.
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Hi Sameer,
Just copy below text and paste it in notepad.....
Perpetual vs. Periodic Inventory System Journal Entries
A. The Sale and Purchase of Products
Perpetual inventory systems show all changes in inventory in the "Inventory" account. Purchase accounts are not used in a perpetual inventory system.
Periodic inventory systems keep the inventory balance at the same value that it was at the beginning of the year. At year end, the inventory balance is adjusted to a physical count. To account for inventory purchases in a periodic inventory system, an account called "Purchases" is used rather than debiting "Inventory".
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                   Beginning inventory      100 units @ $6 = $ 600
                   Purchases                900 units @ $6 = $5,400
                   Sales                    600 units @ $12 = $7,200
                   Ending inventory         400 units @ $6 = $2,400
         Perpetual Inventory System       |    Periodic Inventory System
      1. Beginning inventory 100 units at $600
          Inventory account shows         | Inventory account shows
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      2. Purchase of 900 units at $6 per unit
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             Sales                   7,200|     Sales                  7,200
          Cost of Goods Sold   3,600
No entry
             Inventory               3,600
      4. End-of-period entry for inventory adjustment
          No entry needed.                | Inventory            1,800
          The ending balance of inventory |    Cost of Goods Sold 3,600
          shows $2,400.                   |    Purchases               5,400
      Note: The periodic inventory adjustment in transaction 4 adjusts
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B. Cost of Goods Sold in a Periodic Inventory System
Perpetual inventory systems record cost of goods sold and keep inventory at its current balance throughout the year. Therefore, there is no need to do a year-end inventory adjustment unless the perpetual records disagree with the inventory count. In addition, a separate cost of goods sold calculation is unnecessary since cost of goods sold is recorded whenever inventory is sold.
The inventory account in a periodic inventory system keeps its beginning balance until the end of period adjustment to the physical inventory count. Therefore, a separate cost of goods sold calculation is necessary. The following calculation shows the calculation for the preceding example.
                   Beginning Inventory                  600
                   Net Purchases                      5,400
                   Goods Available for Sale           6,000
                   Ending Inventory                   2,400
                   Cost of Goods Sold                 3,600
                                                     =======
C. Purchase Returns and Allowances and Purchase Discounts
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           Perpetual Inventory System    |    Periodic Inventory System
      1. Ace Company returned $600 of damaged merchandise and received a
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             Inventory          700      |      Purch. R&A            700
      2. In a previous transaction, Ace purchased merchandise on account at
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             Cash                  980   |       Cash                 980
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      1. Sam Company received $600 of damaged merchandise from their customer
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          Sales R&A             700      |    Sales R&A           700
             Acc. Receivable         700 |       Acc. Receivable       700
          Inventory             400
No entry
             Cost of Goods Sold      400
      2. Sam received a customer payment for a prior sale on account of $1,000
         subject to credit terms of 2/10, n/30. The customer made payment
         within the discount period.
          Cash                  980      |    Cash                980
          Sales Disc.            20      |    Sales Disc.          20
             Acc. Receivable        1,000|       Acc. Receivable      1,000
Sales on the income statement should be shown net of its contra accounts. For example, if a company has $980,000 in sales, $3,400 in sales returns and allowances, and $2,200 in sales discounts; net sales would be $974,400.
Thanks
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Edited by: SachinD on Sep 28, 2010 11:54 AM

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If your CO allocation has some external postings (like GL or fixed assets) or generating some intercompany documents, then it needs FI to be open also. It happens sometimes if the allocation goes external so it would need fI period to be open also. If FI is close but CO is open, it would only work for CO specific allocations and others would error out.
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For example, in FBL1N, when we execute for 1st November to 30th November, then it should show opening balance as on 1st November and then transactions between 1st November to 30th November and then closing.
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Hi
The entry can be reverse Only in current period
You are trying the reverse the entrie in close period which is not possible .. how to reverse the closing period document.
Thank you

Use t code FB02. Enter required parameters and press enter. From the menu slect Extras - Document header. This will take you to next screen. In this screen from the menu select GoTo Document Header. Change the reversal date and save.
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out of which 59 qty is rejected and now i want to reverse the production order
It is possible and how ?
This client is in Automotive sector and this happens regularly.
Client want to show the rejection to supplier how to do this without opening back period?
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Dear ,
Goto MMPV to open the Material Period .I think any business process can hev 2 motnhs material periods open .Please discuss the same with your MM consultant .same way you can do for OB52 to open the FI period because u need to cancal the docuements in MBST .
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Edited by: 907719 on 12-Jan-2012 11:19

Hello Arin ,
Greetings for the day!!!
When you reverse a receipt that was previously reconciled in Cash Management, there is no automatic process to alert the user. This is a standard functionality.
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assign points if it is helpful

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Hi All,
I need to create a report query to get below result displayed in report output.
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2)   -    Ledger name
-o/ -Operating Unit
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4)   - Current Open Period
5)   - Date Closed – Last Closed Period
6)   - Date Open – Current Open Period
I tr I tried to create the query below is the same. Please let me know if it looks fine.
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FROM (SELECT fav.application_name ,
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UNION ALL
SELECT *
FROM (SELECT fav.application_name Application_Name,
               hou.name Operating_Unit_Name,
               gl.name Ledger_name,
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               gps.period_name Period_Name,
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It is within the table I believe (I'm not a DBA or a developer) since I created a BLOB column and then used the file browse feature to allow users to attach a resume to the table in order to be able to perform a search of the attached documents.
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The information on that page is great if you're trying to create a link to the document on the initial report.
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Here's a link the the instructions I used to create the initial search report with Oracle Text, mind you I only created the index and query, I didn't add in all the link data since they're using documents on websites and I'm using documents in a table.
http://www.oracle.com/technology/products/database/application_express/pdf/apex_text_application_v1.6.pdf
If you can help me with this I'd really appreciate it.
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Greg
Edited by: gjones77 on Dec 2, 2008 8:14 AM

Closed period inventory and Vendor transactions reversal

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