Credit Notes to Customers - Reversing an Issue

Credit Notes to Customers - Reversing an Issue

Credit Notes to Customers - Reversing an Issue

For general information about credit notes to customers, see Credit Notes to Customers.

If you valued goods using the FIFO method and have reversed an issue to a customer after other transactions have taken place between the original issue and the reversal of the issue, you must take the followig precautions:

If you are creating a credit note with the same document type you used for the issue...

Document types for issues have Fill  Price from Current Warehouse or Autimatic selected as the method for filling in the purchase price, which simply means that the program will find the latest valid valuation price. So the credit note or reversal of the issue will not be valued with the same price as the original issue.

Even though you'll be using the function for adding movement and will select the Change Sign option (described below), this information will be correct when you create the document, but will be changed to the latest valid valuation price once movements have been recalculated. The warehouse card following the recalculation:

That's why you'll create a credit note using the document type for credit notes...

You can avoid the problem shown above by creating a separate document type for credit notes and using it only for adding movements with the Change Sign option.

1. Document Type

Select the Price Input option in the Fill Purchase Price box. Simply put, this means that you'll enter the valuation price when creating the document, and that it will not change once you recalculate movements. For examples of this document type, see Credit Notes.

2. Adding a Movement - Change Sign

In a document type created for this purpose, click the Add button to open the window for adding movements. Select only the issue invoices that the credit note pertains to (see Selecting a Movement). You must select the Change Sign option.

Usually, all lines of an issue document are not reversed in their entire value. In the Lines to Transfer panel, you can also change the quantity for the reversal before adding. In this example, 10 pieces will be reversed (returned to stock). Enter this in the Quantity column as a POSITIVE value:

This procedure will exactly COPY all information from the original document, including the valuation price. If the information in the original document is correct, the reversal will also be correct.

Refreshing stock will not change a document of this kind because of the settings you've entered in the Document Types register (Price Input). The warehouse card for this example will now be correct, and the value of the reversed lines will be available for further issues.

General Functions:

• Stock

Related Topics:

• Skladišče - vrednotenje po FIFO metodi
• Prevzem
• Izdaja
• Obnovitev zaloge
• Dobropis dobavitelja - storno prevzema