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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Purchase Receipt Query
Small and medium business | Business Central, N...
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Purchase Receipt Query

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Posted on by RR-07061806-0 508
Good day,
 
I have a scenario where - 
Items were received.
One particular item had a wrong cost, and received with the wrong cost.
Supplier sent a credit note with all items including the problem item but with the correct cost.
The credit memo was entered and posted. 
 
There is now a difference between both item transactions. The item with the wrong cost is 26,906.46, correct price is 30,355.50 difference of  3,449.04. This difference the system would have calculated.
 
We use average cost, I understand the difference, but how do I explain the difference. Am I expected to do anything with that value, does it affect the cost?
 
When items are received it is not received in the location for resale, it's only after costing is completed it's transferred to the location for billing.  So the cost is 'correct'.
 
Any thoughts would be appreciated.
 
Regards
Rosemary
Categories:
Dynamics 365 Business Central
ItemLedger.png
ValueEntries.png
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  • Suggested answer
    Teagen Boll Profile Picture
    Teagen Boll 275 on at
    Purchase Receipt Query
     I can't see your screenshots yet but what should happen in this scenario if you have automatic cost adjustments is you will have an adjusting entry for the difference in the inventory cost posted on the Credit Note.
     
    You should see the following inventory costing entries in the GL for your credit note:
    Dr - Inventory Adjustment Account - 30,355.50
    Cr - Inventory Adjustment Account -  3,449.04
    Dr - Inventory Account -  3,449.04
    Cr - Inventory Account - 30,355.50
     
    If you look at the Item Ledger it should just show an in and an out the original amount (26,906.46). So you don't need to do anything.
     
    That's how I understand it works but someone else can correct me if there is other information.
     
     

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