Purchase credit memo for price correction

Wolfie

I have a purchase credit memo to process from a supplier to reduce the price we have been paying on a certain item.

How do I match the memo against the invoices for the item?

When I use "Appl.-to Item Entry" it treats the credit memo as a return, with the result that the stock quantity changes.

Thanks,
Stewart

Kowa

Use Type::Item (Charge) and Line/ Item Charge Assignment to apply the (negative) charges to the receipts. That will reduce the unit cost amount.

Wolfie

Hi Kai,
Thanks for the tip. I am using Nav 2009. I can't apply an item charge to an invoice for an item. It gives me an error message. Does that sound right?

Alex_Chow

Wolfie wrote:

Hi Kai,
Thanks for the tip. I am using Nav 2009. I can't apply an item charge to an invoice for an item. It gives me an error message. Does that sound right?

No, it doesn't sound right. You have to ensure the item charge is properly setup. You can see how to apply the item charge to the item receipts using the Help.

In addition, you have to ensure you have the proper GPPG setup for the item charges or else the purchases account would go off to the wrong place.