Issue while correcting purchase Invoice

abhinavmehra

At a time of Posting Purchase Invoice wrong amount is entered in Amount column however Quantity is correct.

Now I need to correct the amount value of this purchase Invoice, Keeping in mind that the reversal should affect the value of the inventory & my Vendor.

For an Ex:- When i purchase Amt is 1000 USD

Now i need to make it as 700 USD in Invoice.


Kindly let me know how can i correct my wrong Invoice Posting (Amount).


Thanks in Advance

anjanprakash

Hello there..

The ideal and best recommended way is to issue a proper credit memo for the invoice booked and raise an other Invoice properly.

Correcting the transaction by passing direct entries to JV or GJ is not recommended and will have many repercussions.

Regards,
Anjan