Hello Experts,
following documents are punched in the system.
Purchase Order
Goods Receipt Po
Landed Cost
A/P Invoice
Outgoing Payment
Plus, we have sold some of the above products.
After all this we noticed a data entry mistake in purchase side.
There are two items with following details.
A0001 XYZ
B0001 ABC
in purchase order they are entered in the following way
ItmCode ItmName Qty
A0001 XYZ 40
A0001 ABC 40
Actually they should have been like this
ItmCode ItmName Qty
A0001 XYZ 40
B0001 ABC 40
In order to rectify this two things striked me
1. Reverse all the documents
2. use inventory tracking and posting to adjust the stock quantities and then revalue the same.
Which is the recommended way ?
Or is there any other way to correct this ?
Please guide me. I'm stuck.
Thanking you
Malhaar