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Former Member

subsequent credit

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

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3 Answers

  • Best Answer
    Posted on Nov 11, 2008 at 02:20 PM

    Hi,

    During subsequent credit system will pick up stock account automatically.

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  • Posted on Nov 11, 2008 at 02:08 PM

    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

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  • Posted on Nov 11, 2008 at 02:20 PM

    Hi,

    During subsequent credit system will pick up stock account automatically.

    Add a comment
    10|10000 characters needed characters exceeded

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