Physical Inventory and Stock Corrections

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Physical inventory card

• Create: MI01 (single), MI31 (batch input), print MI21; Fiori: Create Physical Inventory Document.
• Posting block stops movements until counts are entered; freeze book inventory fixes the book quantity.
• Physical cut-off: post everything before creating documents; keep late arrivals aside.
• Count: MI04 or Enter Inventory Count; change MI05; no document MI09; blank is not zero.
• Recount large differences with MI11; review MI20 by value first.
• Post: MI07 or Post Inventory Differences; 701/702, 703/704, 707/708.
• Valued at the plant price; offset to inventory difference; reason codes and tolerance groups.
• Known cause? Post 311, 309, 344 or 551 instead of a count difference.
• Cycle counting: OMCO indicators, MIBC ABC run, MICN / RM07ICN1 for items due.
• Test: controlled stock, before/after, negative tests, reconcile the difference account.