Hi All,
I need some advice on the best way to unravel this situation:
PO was entered with item cost £12,000 (local currency GBP). This was received and the received item in inventory was issued out on a sales order & invoice.
The purchase invoice is for EUR 1200, so I need to do 2 things:
1) Revalue the inventory item
2) Create a Purchase invoice with the correct currency & amount
I have tried amending the PO and reversing it and the purchase receipt, but because there is no item in inventory (it has been issued on a sales document) I can't.
My questions are:
- When I try to enter a revaluation journal it has an error message saying the item must be completely invoiced. Do I have to create an invoice from the incorrect PO (which I will then have to reverse with a credit memo) before I can enter a revaluation journal? Or is there another way to enter a revaluation journal.
- Will the revaluation journal change the cost of the item on the sales invoice (or is the item cost not connected to sales documents?)
- Is there any other way to do this that will allow me to amend the original PO and then turn it into a correct invoice?
Many thanks!
