Write off Stock at Subcontractor End

Hi Experts,
We want to write off the stock lying at stock subcontractor end in SAP thru Physical Inventory Adjustment.  No storage location is assigned to subcontractor stock in SAP. Therefore we are finding it difficult to do it thru MI01, MI04, MI07.
Please guide how it is possible
Regards
( Rajneesh Gulati )

Why do Physical Inventory, presumably the SC is telling you, you aren't physically checking.  Why not just process a goods issue to destruction, Movement Type 551 etc., through MIGO for O stock category ?
Cheers,
Nick

Similar Messages

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    Hi Friends,
    Few parts are shown at Subcontractors End in the System which has actually been consumed(returned). Now we want to remove those stock from Subcontractors stock. How can we write off those stock???
    These are very old stocks, is there any other method to consume those materials??
    Please help
    Thanks in Advance,
    Ritesh

    there are diffrent ways to reduce this stock
    either do it by mb1a move typoe 551 and spectiaop stock O
    or by physical inventory  cycle MIO1
    hope this helsp

  • Write Off Stock Provided To Vendor

    Hi all
    Could anyone please tell me what movement type to use to write off stock that is showing as provided to vendor.
    Thanks

    If you are using Physical Inventory route you can create an PI document using T Code MI01 do the rest of process as usual and then post difference with Mvt Type 702.
    Amit

  • Shortage of stock at subcontractor end

    Hi all,
    I have a scenario like, i have issued 100 pc to a sub-contractor vendor through 541, after count vendor said, he has only 95 pcs, my requirement is to remove that 5 qty from his stock. so what will be the entry.
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    Hi,
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    Regards
    Mahesh

  • Stock Write-off Report

    Dear Friends,
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    Regards
    Prakash

    Hi Prakash
    Could you please clarify the following
    1. Is this write-off stock means stock posted to scrapping (551 mvmt)?
    2. What do you mean by IPC and ICC?
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  • Stock Write Off

    Hi All
    I need some help on which movement type to use to write off stock directly to a GL account without assigning a Cost Centre.
    Vishnu

    561 Initial entry of stock - unrestricted-use stock
    563 Initial entry of stock - quality inspection
    564 Initial entry of stock - blocked stock
    During initial entry of stock balances, you enter the physical warehouse stock frigures or the book inventory from your old system into the SAP System for productive operation. This data entry usually takes place by means of batch input.
    Possible special stock indicators: E, K, M, O, Q, V, W (565: only E, K, Q)

  • Write On\Off Stock Without Corresponding IM Movements

    Hey There,
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    From what I know the correct way to write off stock is to move the stock into the Differences bin and then do the 712 movement to complete the WM movment and do the corresponding IM movment. To write on stock, you should just reverse the processes.
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    Many Thanks,
    Colm

    I am getting confused
    You and me both!!
    I am as certain as I can be that after doing my 702 write off there were no TOs or TRs created and the WM stock is sitting in the exact same storage type in LS26 as it was before I wrote off the stock and there doesn't appeart to be any other negative stocks in LS26 corresponding to my write off.
    I have discussed it further with the business and for the write-off issue, they are happy to write stock back on using a 701 movement and then write it off correctly using the 712 movements. e.g.
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    WM 10
    IM    0
    701 Write On
    WM 10
    IM 10
    712 Write Off
    WM 0
    IM 0
    This will satisfy them for the write offs as from an IM point of view it will be a write on followed by a write off and from a WM point of view the stock will then leave correctly.
    However, we can not do the same thing for our stock that was wrote on as it has already been moved on from an IM point of view so the orginal question is still there. Is there a way we can write on stock from a WM point-of-view without updating the IM stock.

  • Asset Write-off in Advance..

    Hi All,
    Can anybody explain me about an asset write-off procedure before the End-of-Date of that asset value date.
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    Thanks in Advance...

    Hi Pal,
    Thanks for your reply..
    Here, we are having around 70 assets. For that we can do like this??
    If we will do 100% dep. now itself, the remaining amount  will post to the depreciation account na?? With this no problem??
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  • Write-off the MM inventory stock

    Dear expert,
    I want write-off the MM inventory stock which is expired, please give the step & procedure.
    Regards,
    PK

    Dear Learn New,
    PI Process -
    Creation of Physical Inv Doc by MI01
    Entering ZERO COUNT (Tick of ZC Box in PI Document by T CD - MI04
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    You can alternatively withdraw stock for Scrapping by movement type 551.
    Thanks
    Raghavan

  • Ref in MBIA for stock write off required to be reflected in GL

    Dear Forum,
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    Thanks!
    Regards,

    Hi Shukitz,
    Thanks for the prompt response. Are you referring to the Doc Header Text, I tried putting the approval no. there but it does not get reflected in the GL Account. Is the item text different and where can I find the same in MB1A?
    Thanks once again for the help!
    Regards

  • Write off loan balance in SAP

    Dear friends,
                       We have custom infotype to store employee loan balance and trying to set up a write off to clear the loan balance using IT0015.  I am not able to reduce the loan balance which exists in custom infotype.  Any help is greatly appreciated.

    1. Custom infotype is for Stock purchase plan.   And it has Original loan amount, current loan balance, fees,commisiion.  Loan balance stored in a wage type.   Deduction amount is entered in IT0014 per pay period.  If employ pays the loan, there is option to enter loan repaid amount manually in custom infotype then deduction, pay period amount and reimbursement wage types were automatically  created in IT0015.      When we run the payroll , we can see loan balance wage type in payroll results.     Now they want to write off loan balance.     Can you please advise how we can achieve it.   I need to complete this issue by end of tomorrow.  Your help is greatly appreciated.
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  • R12 - Accounts Payable & PO Accrual Reconciliation Report - write offs

    Hi,
    As a relative novice to Oracle I need some help.................
    My question regards the above which is essentially a "goods received not invoiced" report.
    I have a number of items on the report which I would like to write off for two reasons:
    (1) I have a small balance left which is basically the difference between the PO and the accounts payable column - in the region of 1p to 5p (therfore a housekeeping exercise)
    (2) Items that we've never received an invoice for (we've received the stock for free!). ie there is only an entry in the PO column of the report.
    For the above I would like a method of writing off these balances from the report.* This should therefore create a credit in my P&L account.
    Your thoughts please.
    Thanks in advance.
    Jon

    This is the forum for the SQL Developer tool. You need to ask your question in an eBusiness suite forum.

  • Project Billing "write-off" options

    I'm attempting to determine the best method of "writing off" transactions on direct projects that have been reported as billable, accrued revenue but will never be billed. Please consider the following narrative as an example:
    A consultant (consultant x) charges April time and expense to project 10001 in a billable capacity (charged transactions to a billable task). The transactions are cost distributed, revenue distributed and an invoice is subsequently produced. All cost and revenue transactions are produced, interfaced and ultimately posted to the general ledger in April. The month of April is closed in PA and the invoices for the April billing cycle are produced. Project 10001's draft invoice includes those charges reported by consultant x and is distributed to the project manager for approval. The project manager reviews the invoice review and determines that consultant x's transactions will never be billed and instructs the accounting group to write off the transactions.
    Challenge: we need a way to "write-off" (reduce revenue and change billing status) transactions that will allow for consistent reporting and measurement. Specifically, we need to be able to determine all write-off's (revenue/billing reductions) in a given period that relate to original transactions from an earlier or different period. In short, we want to establish a policy and procedure for consistently processing and reporting these types of conditions.
    Proposed Options:
    1) use the "special" non-billable adjustment option from either expenditure inquiry or invoice review to change the billing status from billable to non-billable.
    Pros:
    a) transactions will remain on the project in the capacity they were reported by the employee
    b) an adjustment record will be created in the PA_Expend_Item_adj_Activities table which will include the adjustment activity code (i.e. Billable Reclass, Non-billable reclass, billing hold, billing hold release, etc.)
    c) history of who created original transactions and adjustments is available (full audit trail)
    d) a reversing revenue entry will be created in the PA_Cust_Rev_Dist_Lines_all table which will allow us to track the dates (gl period) of the revenue adjustment and compare it to the original transaction dates.
    Cons:
    a) to the average users the transaction on a billable task flagged as non-billable with no corresponding revenue may look unusual because there is no description explaining why the adjustment existed. the only way to determine that revenue existed and was subsequently reversed is to look at item details- revenue details.
    b)The revenue write-off will be charged to the same accounts (revenue and inventory) that the original transaction was booked to but in reverse. we don't have the ability to deflect the "write-off" to a bad debt account versus a direct write-off of revenue.
    c) The employee's utilization calculations will be impacted by changing the billing status of the transactions and reducing the corresponding revenue. we may need to update the utilization report to reflect these types of transactions differently.
    2) use the "special" transfer adjustment option to transfer the transaction from the originating billable task to a non-billable destination task on the project in question.
    Pros:
    a) the average user will easily see that the transaction in question has been reversed and b) the revenue subsequently written off by the negative revenue on the reversal transaction
    c) an adjustment record will be created in the PA_Expend_Item_adj_activities table which will include the applicable adjustment activity code(s) (Transfer Back-out, Transfer Originating, Transfer Destination).
    d) history of who created original and adjustments is available.
    a reversing revenue entry will be made via e) the negative reversal entry created in the PA_Cust_Rev_Dist_Lines_All table.
    Cons:
    a) the original transaction is being altered (transferred) by accounting. the integrity of the transaction as it was submitted by the source employee may be compromised.
    b) there is no easy way for the average end user to know where the transaction was transferred to. the information is available via ad hoc reporting from database tables but looking at expenditure inquiry for a given project you will not be able to determine where the transaction went if it was transferred to another task and many tasks exist or if it was transferred to another project entirely.
    c) The revenue write-off will be charged to the same accounts (revenue and inventory) that the original transaction was booked to but in reverse. we don't have the ability to deflect the "write-off" to a bad debt account versus a direct write-off of revenue.
    d) The employee's utilization calculations will be impacted by changing the billing status of the transactions and reducing the corresponding revenue. we may need to update the utilization report to reflect these types of transactions differently.
    e) As a common practice, each project will need at least one "non-billable" task to capture such write-off transfers.
    3) use a write-off event (both revenue and billing) to reduce the project by the aggregate amount of all transactions in question.
    Pros:
    a) employee specific transactions and ultimately utilization results will not be impacted by the independent event transaction.
    b) by modifying our autoaccounting rules we will be able to book the "write-off" to an account other than a revenue account. (I believe, more research necessary)
    Cons:
    a) No link back to actual transactions.
    b) original transactions will remain untouched and will appear as though they were billed and will show up on the invoice and detail reports to the client along with an aggregated event for the total write-off amount.
    Any thoughts or opinions you can provide about the best practice in Oracle will be greatly appreciated.
    null

    Diana,
    Here's another response from a (very) senior Projects consultant. Her comments are in CAPS, so they can be dinstinguished from your comments:
    "I recommend following the approach she outlines in Section 2, with the following additions:
    SECTION 2) use the "special" transfer adjustment option to transfer the Transaction from the originating billable task to a non-billable Destination task on the project in question. CORRECT.
    A) SET UP THE WBS TO HAVE A TOP LEVEL NON-BILLABLE TASK, ON EVERY PROJECT, WITH A TASK NUMBER OF :"WRITE-OFF".
    B) WRITE AUTOACCOUNTING RULE , BASED ON TASK NUMBER, TO ENSURE THAT ANY TRANSACTIONS CHARGED (TRANSFERRED) TO "WRITE-OFF" TASK WILL BE POSTED TO A "WRITE-OFF/BAD DEBT" ACCT IN GENERAL LEDGER.
    C) CREATE A DFF AT THE EXPENDITURE ITEM LEVEL WHICH CAN BE POPULATED AT THE TIME OF TRANSFER, TO INDICATE WHERE THE TRX IS BEING TRANSFERRED TO. IT IS TRUE THAT TRANSFER ACTIVITY REPORT WILL TELL YOU THIS AS WELL, BUT IF YOU
    WANT TO SEE IT ONLINE DURING EXPEND. INQ, THEN DFF IS FINE.
    D) AS TO CONCERNS ABOUT "THE INTEGRITY" OF THE TRANSACTION AS IT IS SUBMITTED BY THE EMPLOYEE BEING COMPROMISED, THIS IS CERTAINLY POSSIBLE, BUT IF THIS IS A SERIOUS BUSINESS CONCERN, THEN I WOULD CONSIDER CREATING AN ALERT TO THE EMPLOYEE WHO ENTERED THE ORIGINAL TRX, ADVISING THEM OF THE CHANGE AND REQUESTING THEIR REVIEW AND OR APPROVAL OF THE TRANSFERRED TRX. I CAN SEE THIS BECOMING QUITE CUMBERSOME THOUGH, AND, OVERALL, ACCOUNTING DEPARTMENTS MANIPULATE TRANSACTIONS FOR ACCOUNTING PURPOSES ALL THE TIME AS STANDARD PRACTICE, SO I'M NOT SURE WHY THIS IS AN ISSUE HERE.
    E) AND LASTLY, IT IS TRUE THAT AS A COMMON PRACTICE, EACH PROJECT WILL NEED A
    'WRITE-OFF" TASK AS A STANDARD PART OF IT'S WBS-- SO WHAT? IT'S JUST ONE MORE TASK IN YOUR WBS. BUILD IT INTO YOUR PROJECT TEMPLATES, AND MAKE IT NOT CHARGEABLE UNTIL WRITE OFFS BECOME NECESSARY. AS TO UTILIZATION, THERE IS NOT ENOUGH INFO IN THE CLIENT QUESTION TO ADDRESS THAT ISSUE PROPERLY.
    THAT'S ABOUT IT. HOPE THIS HELPS.
    BEST REGARDS, PAT"
    null

  • Asset write off in the current fiscal year.

    Hi Experts,
    I want to write off an asset in next 4 periods of the current fiscal year 2007. For example:
    Asset 11000
    APC value: 10000
    APC Date: 01.01.2005
    The useful life will end in fiscal year 2008.
    The book value left at the begining of the current fiscal year 2007 Rs. 4000.00
    In the current fiscal year this asset has already been depreciated for previuos 3 periods.
    Now Business wants to write off ( fully depreciated ) this asset in next 4 periods equally and then if the book value and tax value is nil, they want to scap the asset.
    Now can you please tell me how to make this happened. Its very urgent. If you need any more information, most welcome.
    Rgds,
    BABA

    Hi,
        You would have to set the asset to manual depreciation(Depr.Key MANU)
    and generate a posting via ABMA for each of the periods.
    Kind regards

  • Asset write-off in prior month.

    Is it possible to write off assets from an earlier month end date e.g the NBV of assets with a month end date of 31/05/09 or can you only write off within the current month?
    If this is possible, how will SAP deal with the depreciation and how will it charge any depreciation posted after that date?

    Hi Jeremy Lumb
    Yes you can retire an asset in prior period where depreciation has already been posted. The system will recalculate the total depreciation for year in the retirement year and make adjustments (positive value) in the next period. You can then run depreciation again so the adjusted value will be posted .
    Hope this helps.
    Thanks
    Sanjeev

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