Hi,
We have set up our system so we have multiple Gen. Bus. Posting Groups associated with each of our Gen. Prod. Posting Groups. This allows us to track different transactions for each product separately. But, we have found that when issuing a corrective credit memo for a specific Bus. Posting Group, the COGS side of the entry does not default to the same Bus. Posting Group. For example:
We sell product "widget 1" in bus. posting group "A" :
DR Accounts receivable 100
CR Sales - Widget 1 (100)
DR COGS group A 50
CR Inventory (50)
The product gets returned to us and a credit memo is issued:
DR Sales - Widget 1 100
CR Accounts receivable (100)
DR Inventory 50
CR COGS group Z (50)
The sales transaction is correct as the COGS account is set up appropriately in the Posting groups but the credit memo transaction does not reverse to the same account as the original transaction. I do not see a field in the posting groups setup page for "COGS credit memo account", only a "Sales credit memo account".
Any insight would be appreciated.
Thanks
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