Credit memo is doing wrong

hansika

CREATED A NEW ITEM .


I purchase that item .

Date = 31/01/09
Qty = 100
Rate = 1000 Here i just received only , I did not create Invoice

I have one ledger entry only

so Invenotry stock = 100 In item card

I sold that item

Date = 05/02/09( DD/MM/YY)

Qty = 100

Rate = 2000 I created SHIP & INVOICE

So INventory = 0 In item card


Now i received INvoice On 06/02/09.

I created the Invoice acutal Direct unit cost = 15 /- ( but i entered the as 10 )

So based on this Line amount is wrong,

Excise amount is wrong
Vat amount is wrong.

By mistake i post that one so all tables effectd Like G/L table, Customer ledger, Excise entry, Detail tax entry.


So now i realized that posted wrong amount .

Now i want reverse that one .

So in many forums Experts told if u posted the wrong amount use Credit memo to reverse that transactions.

So now i created that credit memo and posted that one.

So all tables reversed .
Here system reversed that Item ledger entry also

so In inventory field = - 100 In item card after i post the credit memo.

So it is totally wrong . I think system should not reverse that inventory transaction.


Now what is the solution to correct that credit memo.

gsiracusa

Create a new purchase invoice and post it using the correct data.

AdamRoue

Well you have only done half the job.

Post the correct purchase invoice and see what the inventory does then!

SD-JR

Hi,

Or if you want to post a credit memo with having an impact on the stock turn off the P&P setup "Return Shipment on Credit"

ssingla

SD-JR wrote:

Hi,

Or if you want to post a credit memo with having an impact on the stock turn off the P&P setup "Return Shipment on Credit"

I wonder this will have an impact as ILE will be created. The only difference it makes is that it will not create a separate document for shipment.

ssingla

hansika wrote:

So it is totally wrong . I think system should not reverse that inventory transaction.
Now what is the solution to correct that credit memo.

You might require to block the posting (you need to customize) but it is not a standard requirement so not provided in the database.
Why will a accountant reverse a wrongly posted purchase invoice and not post the correct invoice???? The steps needs to be completed before you start looking at the results in the item ledger.

clairebear04

this is an interesting discussion. thanks for sharing \:D/

simulation rachat de credit

AdamRoue

Intersting that the system is doing nothing wrong and the business process needs reviewing or for another reason?