Skip to main content
Microsoft Dynamics NAV forum
Suggested answer

COGS do not post to correct account when making credit memo.

editSubscribe (0) ShareShare
ReportReport
Posted on by 10

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

Categories:
  • Mark M. Profile Picture
    Mark M. 10 on at
    RE: COGS do not post to correct account when making credit memo.

    Yes, I have checked them. There is a column for "Sales Credit Memo Account" which is set up correctly and is why the sale is reversed to the correct account. There is no similar column for COGS. I have looked through all the columns in the "choose column" section and could not see one. Is it something that needs to be made visible another way?

  • Suggested answer
    Suresh Kulla Profile Picture
    Suresh Kulla 43,636 on at
    RE: COGS do not post to correct account when making credit memo.

    It all depends on how you setup your Gen Posting Setup, check your accounts

Helpful resources

Quick Links

What Motivates a Super User?

We know many of you visit the Dynamics 365 Community and Power Platform…

Demystifying Copilot with Sundar…

Industry experts answer burning questions directly from our amazing Community…

Enabling Copilot Case and Conversation…

Agents can easily recap an ongoing chat, transcribe a voice conversation…

Leaderboard

#1
Andre Arnaud de Calavon Profile Picture

Andre Arnaud de Cal... 282,978 Super User

#2
Martin Dráb Profile Picture

Martin Dráb 222,562 Super User

#3
nmaenpaa Profile Picture

nmaenpaa 101,138

Product updates

Dynamics 365 release plans