grc and stock account

[Former Member]

hi,

i have 2 issue to seek advice.

after invoice posted, following correction.

1) if use credit memo/invoice with reference to PO. with qty change, the double entry will be dr vdr cr GRC. may i know how system treats the difference of GRC? the difference goes to which account?

2) if use subsequent dr with reference to PO, no qty change, the double entry will be cr vdr dr stock. meaning GRC already netoff during invoice posted. now the changes is directly updating stock account (stock acc which associated to valuation class)?

thanks

[Former Member]

Hi,

For your questions:

1. The difference of credit memo will be booked into the account of purchase price variance!

2. Your understanding is correct!

Regards

Tao