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Accounting entries for movement types: 701 & 702

Former Member
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Hi!

Can any tell what are the standard SAP accounting entries for movement types: 701 & 702.

regs,

ramesh B

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Answers (4)

Answers (4)

Former Member
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y

Former Member
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701 & 702 movements are for inventory adjustments and used in physical inventory. We use ours as part of adjusting stock after counting to post stock on and off. We have changes the postings. The best thing to do is use transaction OMWB and simulate the movement and then check the accounts being hit.

Former Member
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701 and 702 are IM inventory movments at my company.

701 would debit invnetory accout (defined by valuation class in MMaccount determination)

Credit - a stock difference accout (defined in MMaccount determination)

702 is the reverse - credit inventory / debit stock difference.

Former Member
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Hi

Movement type 701 and 702 are for special stocks, hence there would be no Accounting entries passed while these are executed. However if you are moving stocks from unrestricted to special stocks then there will be a charge off entry for Inventory. and its reversal.

Anand