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Reversal/Credit Invenory Cost and Quantity Received

  • 1.  Reversal/Credit Invenory Cost and Quantity Received

    Posted 10 days ago
    We received several inventory items and they were received as we normally do through receiving transactions as a shipment invoice type in a purchasing batch with no purchase order attached, only the inventory items.  However, when such inventory items were received, the items were mixed up and enter as the wrong items and quantity.  My inventory cost for each item is now wrong because the unit cost and quantity received does not match the corresponding item received.  Is there a way i can reverse this and is so, how do I go about doing this?

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    Sheila Edmonds
    Village of Pinehurst
    Pinehurst NC
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: Reversal/Credit Invenory Cost and Quantity Received

    GPUG ALL STAR
    Posted 9 days ago
    Hi @Sheila Edmonds

    Yes, you will need to do a ​Purchase "Return" and return all of the wrong Items and then re-enter the Shipment/Invoice.





    Yes, this is painful, but this is the only way to correct the items 'the right way'.  HOWEVER there may be other ways using an inventory transaction but I DO NOT RECOMMEND that because it can affect future reporting on what was purchased, etc.



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    Jo deRuiter
    🌟 GPUG ALL STAR
    💫Granite Award Winner
    Atlanta Chapter Leader
    Aisling Dynamics Business Solutions
    Business Applications Practice Manager
    jo.deruiter@aislingdynamics.com
    9518674366
    aislingdynamics.com
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    Academy - Online Interactive Learning from Experts


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