Physical inventory Pavan Golesar. Actual Physical Inventory Process Physical Inventory PreparationPhysical Inventory Preparation: ( MI01 ) Create a physical.

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Presentation transcript:

Physical inventory Pavan Golesar

Actual Physical Inventory Process Physical Inventory PreparationPhysical Inventory Preparation: ( MI01 ) Create a physical inventory document. Blocking Materials for Posting Print and distribute the physical inventory document.

Actual Physical Inventory Process (Cont.) Physical Inventory CountPhysical Inventory Count: ( MI04) Counting stocks Entering the result of the count on the physical inventory document printout.

Actual Physical Inventory Process (Cont.) Physical Inventory AnalysisPhysical Inventory Analysis: ( MI07 ) Entering the result of the count into the system Initiating a recount, if necessary Posting inventory differences.

Summary The physical inventory procedure is carried out in three steps: 1. Creating a Physical Inventory Document 2. Entering the Physical Inventory Count 3. Posting inventory differences

Posting Inventory Difference When you post the inventory differences, the system adjusts the book inventory values and book values so that they correspond with the actual stocks and stock values.