incorrect credit memo postings

[Former Member]

Hi,

when invoice posted , postings as Vendor cr , GI/IR dr. But when cancel the invoice or posting credit memo , postings as Vendor dr , GI/IR cr , price diff dr.

can you please clarify why the postings made to price diff acct only at the time of credit memo.

Regards,

laxman

[Former Member · Accepted solution]

When you cancel an invoice, the system posts a credit memo for the data

in the invoice. The postings are made in accordance with the credit memo

posting logic.

This means that the postings in the invoice are not necessarily

reversed. This is especially the case when an invoice is to be cancelled

for a purchase order for which several invoices have already been

posted.

Similarly, when you cancel a credit memo, the postings made in the

credit memo are not necessarily reversed.

Please review the attached notes 116250, 46564 & 128 which explains the

logic of the posting for invoice verification.

116250 MR08/MR8M:Cancellation+exchange rate diffrnces(KDM)

46564 Cancelling/reversing an invoice/credit memo: Postin

128 Exchange rate differences between GR/invoice

[Former Member]

answered