Update RG 23 Part II registers through General Journal

lally
lally Member Posts: 323
edited 2009-07-11 in NAV/Navision Classic Client
Hi,

when customer Purchases the Items from Suppliers , some time they will send the Modvat copy when supplier send the materials.


But some time Supplier will not send the Modvat copy.


For this we done on e thing.


That was we block the code to update RG 23 Part II at the time of Purchase receipt.



we suggested to client pass that values through GENERAL JOURNAL wehn u receive the Modvat copy.


Is it the correct solution.


Please correct me if i am wrong.
lally

Comments

  • ssingla
    ssingla Member Posts: 2,973
    What is correct can be finalized between yourself/your company and the Excise/accounts personnel of the client company. We can suggest that whether you can do it or not which is surely yes.
    Further the way I like to customize it to build a step in between receipt and invoicing wherein the excise deptt. post the RG transaction. If invoice is not cleared/posted by excise deptt. for cenvat credit then the accounts deptt. should not be able to post the purchase transaction. This ensures that the balance of cenvat in RG records and accounts is reconciled.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • lally
    lally Member Posts: 323
    Thanks,

    so i hope General Journal is the one solution..............
    lally

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