Urgent case during Go-Live : Material issuance and receive

[S0021072915]

HI experts,

Good day

We have uploaded opening balance and master data for a store as of May 31.

As a soft go life, We would like to use the system (S4hana) for issuance and receive ( because we don't have another system to track the inventory transactions) while we still didn't upload the back log transactions of June 1 to July 31.

Our supposed Go-Live date was Aug. 1,2022

Is that possible?

I really appreciate an expert opinion for the urgent case we currently face.

Thank you so much for the support

Regards

Mahmoud

[sanilbhandari]

Hi

If you are going live as of closing balances of July 31st, 2022, you should upload Financial statements as of that date. Is there a specific reason that you have uploaded balances as of May 31, including inventory. There would be additional complications, since you would have different types of inventory, FG, SFG and Traded Goods which might have been produced in between 1st June and 31st July with corresponding differences, which could either be charged to P&L or capitalized as current assets in Inventory. Again, you have not mentioned, if you use actual costing or not and if there are intercompany movements or not. It is not at all advisable to load inventory balances of earlier date and start posting transactions, when the actual go live date is two months later ! Please talk to your finance colleague as well as provide more information on the set up of actual costing and ML since the impact can be substantial.

Thanks & regards

Sanil Bhandari

[BijayKumarBarik]

Talked to Finance to correct data by adding data till 31st July or cancel all data loaded till 31st May and prepare fresh data till 31st July to upload but cancelling data need business approval and not sure without mock cutover how these data missed!

[S0021072915]

Thanks biju.k Best Regards.

Can we use also : Allow negative stock please?

Is it possible to open 3 different financial periods like : June, July and August?

Thanks for your efforts and kind feedback

Regards

Mahmoud

[BijayKumarBarik]

Do not invite another issue by resolving one issue. No need to activate negative stock and you may have audit team with you- better check but not advisable. Also better check with Finance for correction of accounting entries or follow as suggested earlier above. You only can have two periods open at a time not three periods!