Wrong Posted Purchase Invoice Amount

jsq201

What is the best way to fix the cost for this scenario:

1. User wrongly posted a purchase invoice for an item at $14,000 when the correct cost was $14.00. Inventory period was from a previous period and has been closed.
2. The item sold already and is no longer on inventory.
3. The Accounts Payable user did not catch the error and issued a payment for $14,000.
4. The supplier already cashed the check for $14,000. So let's assume that the $14,000 can be repurposed to pay for other invoices.

evandeveerdonk

Hi Jsq201,

My initial response would be to issue a Purchase Cr. memo, and apply future PI's against that

Ernst