Problem in Purchase Invoice print report.........

Madhavi_Pandey

Hi Experts,


When i post an Purchase Invoice and show its entry, print voucher report it will show double debit and double credit,why its happening?????Why double amount are coming?????


Purchase of Component A/C......Dr 2000
Component A/C......Dr 2000
To Party's Account(Vendor A/C) 2000
To Direct cost Appiled Account 2000( total will be 4000 which is not correct)
(Being..................................................)
I think the possible reason is two setup one is for Inventory(Item) account and 2nd is for Purchase Leger account.Can we stop posting in Inventory(Component) account and Direct cost Appiled Account,i want only single debit and single credit..................

Purchase of Component A/C......Dr 2000
To Party's Account(Vendor A/C) 2000
Suggest me the solution,thanks in advance
(Being..................................................)

j.marselo

debit to Purchase account is an expense. credit to direct cost applied account is also expense.
purchase and direct cost applied accounts are knocking-off

the actual lines are Debit to Inventory (you wrote as 'component a/c') and Credit to Vendor Payable (you wrote as 'party's account (vendor a/c) )

ssingla

Mark "Automatic Cost Posting" boolean as false in the Inventory Setup.

P.S. Discuss with Finance team of client and your seniors (Functional Consultant - Finance) before you make the mod.