Purchase Credit Notes

GSStanley
GSStanley Member Posts: 1
in NAV Three Tier
Hi,

Could somebody give me some advice on the following

We are going to receive a part credit for a stock item

It's a credit on the cost of the items not the quantity.

We received 20 items and we are going to get a part credit and refund for 15.

What's the best way to process the credit so as reduce cost but not quantity

Many Thanks

Answers

  • Kishorm
    Kishorm Member Posts: 921
    As long as you're not concerned about affecting the costing of the item (or it's standard cost anyway) then you should just post the credit using a G/L account posting.

    If costing is important then you can post a credit +15 qty for the original cost and another line -15 qty for the reduced cost. If the original item is still in inventory then you can also apply the +15 qty to the original received item ledger entry.

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