Accounting entries for movement types: 701 & 702

[Former Member]

Hi,

1 ) When we post 701 & 702 entries by the stores User ID, then why it is picked Cost Center. Are these entries booked as expense in the stores Account.&

2) How Frequently can we use these Mvt. Types as we have huge inventory including Customer supply parts,& Own made Parts(In house Manufactured).

[lenastodal]

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Lena
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[BijayKumarBarik]

Depends on organization policy and procedure but better to have practice to post last day of every month or yearly once.