subsequent credit

[Former Member]

hi,

when the invoice unit price is wrongly printed, vendor will send in credit note and we will post as subsequent credit.

PO $10 * 10pc = $100

IV $12 * 10pc = $120

miro

dr price diff $120

cr vendor $120

dr grc $100

when credit note of $20 receive, i need to do subsequent credit.

subsequent credit with reference to PO, change amount to $20.

miro create subsequent credit

dr vendor $20

cr ?? $20

may i know which account to be credited? i cannot use price difference as it is auto post account.

thanks

[former_member660933 · Accepted solution]

Hi,

During subsequent credit system will pick up stock account automatically.

[former_member660933]

Hi,

During subsequent credit system will pick up stock account automatically.

[former_member660933]

Hi,

PO for Material with MAP= 10*10

During GR

Dr - Stock account 100USD

Cr - GR/IR account 100USD

During IV ( IV for 10 qty and price total 120USD )

Dr - Stock account 20USD

Dr - GR/IR account 100USD

CR - Vendor account 120 USD

During Subsequent credit ( for 20 USD and qty same 10 )

CR- Stock account 20 USD

Dr - Vendor account 20 USD

Regards,

Shailesh

[Former Member]

hi,

both stock account and price difference account are not allowed manual posting.

this is my question of which account to be credited.

thanks