Skip to Content
author's profile photo Former Member
Former Member

Sales invoice Price difference

Hi gurus,

Please help me to solve this scenario.

I sale 10 units material for 100 each price to my customer.

But due to some problem if he returns my material.When we Replace the material there is a Price Difference.

we are using Moving Average Price.

Now I want to sale that material again for 90 each price that will be less than price 100.

The main issue is: “ I can not change the (financial postings)invoice price when I replace the goods, this is legal requirement here”.

How would I handle this price difference.

Please help.

Regards,

George

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Dec 27, 2007 at 08:13 AM

    hi George,

    it is a common practice that when goods are replaced, issue a new sales invoice and cancel the old invoice by issuing a credit note for goods taken back(old invoice). i.e., sales return. by doing this you can setoff/clear the old sales invoice by debiting with credit note raised.

    If you still require further clarification mail to me.

    Vijay

    assign points if useful to you.

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      Hi George,

      Issue a new invoice with 100 for cost of goods and issue a credit note for 10 for re-issue of goods.

      You can do this as following

      Dr cost of goods 90

      Dr discount allowed 10

      Cr inventory 100

      hope this will solve your problem.

      Vijay.

      assing points, only if useful to you

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.