We are not maintaining inventory in SAP. We need to enter Closing stock value at the month end. The same should be the opening stock for next month.The closing stock amount should reflect both in P&L and Balance sheet.please advice us how to post.
Jimmy Michael replied
you could consider to use G/L account opening balance or journal entry. The stock account is in the asset drawer and the asset drawer is a balance sheet account. Meanwhile the opening balance account is on the P&L. you could use taxation and extraordinary item drawer, operating cost drawer or else depends on the database localization you have. To know it, just run this query:
select lawsset from CINF