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Dear
I created a receiving for a PO and invoiced it using Shipment/Invoice, one the PO i had applied tax but when i did the Shipment/Invoice i forgot to add the tax and i posted it , the tax has nothing to do with the goods current cost ,
i just need to reverse the supplier payable amount , which of the below would benefit me in this situation if i need to do a Return Transaction entry
everything is correct except the tax on the supplier invoice is missing , please advise
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Dear Bill
thank you for the above , are you referring to a payable transaction entry in solution # 2 , because the PO itself is status closed now ,
so i assume the only additional invoice i can create is a payable transaction entry
let me know ,
thanks a lot
That is good.
Now, do you have the invoice number to match to this transaction?
Two Choices:
1 - you could simply "VOID" this transaction and recreate the invoice with the corrected Tax.
2 - assuming that want to keep the orgininal transaction in place - allowing you to drill from the PO transaction to the Invoice - then do not void - but simple create an addition invoice document for the tax amount only.
We have done this a number of times and it rarely fails us. Enter the amount of ZERO for the purchase amount, then edit the tax ( blue arrow ) and enter the amount of the taxable purchase ( original document ) and then the system should calculate the tax.
Watch the distribution - you may have to remove the posting for the AP control - but it should be ZERO and the amount of the posting should only be for the amount of the TAX transaction.
My preference is 2 - but both would work.
Hope this helps.
That is absolutely accurate, the inventory is correct but the payable amount to the vendor needs to be updated,
Please advise,
Clarifying question - Do you just need to update the amount of the Payable to the Vendor? Is that what I am reading - the inventory details are all correct? You are not planning to send anything back to the vendor and or get a different invoice from the Vendor?
Just want to be clear on the question
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