on 09-18-2014 12:38 PM
Dear Support
Please be so kind to assist wiht the following issue: I need to reverse landed cost from a open A/R Invoice # 72223
Purchase Order # 125025
Goods Receipt # 16426
Landed Cost 15332
A/P 72223
If i select the A/P invoice and copy to A/P Credit memo and preview the journal remarks first, the following error occurs
"Quantiy falls into a negative inventory"
My Question however are if I do proceed with this function, will this rectify the landed cost?
Please view the screen shots attached for investigation as well as the journal remarks on each document
Inventory Posting List:
The reason for not posting to the stock account is because the AR Invoice was been done before the landed cost has been processed:
At the time of landed cost there were no stock on hand, this has been the reason why the amount has been posted to the Price difference ledger account and not the stock account.
Your response will be much appreciated
Kind regards,
Ilze Fourie
Hi,
Can you attach screen shot?
Thanks & Regards,
Nagarajan
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Hi,
Please check this thread and let me know your feedback.
How to Reverse Landed Cost | SCN
Thanks & Regards,
Nagarajan
Hi Nagarajan
As per the Thread:
You can not cancelled or reversed JV created by landed cost.
But there is way to reverse the landed cost. you have to reverse the A/P invoice made from that landed cost. the difference of landed cost will automatically transfer to material cost account.
Would you propose that I copy to AP CREDIT MEMO? Would this automatically reverse the landed cost, or how to you propose I proceed?
Your response will be much appreciated!
Kind regards,
Ilze Fourie
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