vendor return adjustment entry

[Former Member]

Hi Friends,

Please refer PO history there is reversal entry of 1800 qty. As finance was having invoice for total qty they have posted total invoice. Please let me know how finance need to pass correction entry as we don't want to pay to vendor for returned qty.

Thanks,

Kiran Chandekar

[Former Member]

Hello Kiran,

In the case when PO, MIGO and invoice are done for whole quantity... in this case if some quantity is returned back to vendor after payment then the option is to create credit memo in MIRO...for quantity 1800..

Your vendor will be debited by INR 3418.20...

Hope this solves your problem..

Regards,

Priti.

[BijayKumarBarik]

Hi,

Do credit memo(MIRO) for quantity 1800 with value 3418.20 for your purchase order and pay to vendor(F-53) only for value 23 927.40

Regards,

Biju K