Update In Goods Issue

[Former Member]

Hi All,

I fill the wrong entry in Goods Receipt( Inventory -> Inventory Transaction -> Good Receipt) . Here the item was managed by serial number. I receive the entry against wrong item so i want to change in Goods Receipt form that item .

Can it be possible? Please suggest some solution and its effect on other forms.

Regards

[Former Member · Accepted solution]

HI

Use 'Inventory Transactions -> Goods Issue' to release the Wrong Item from Stock.

Use 'Inventory Transactions -> Goods Receipt' to bring the Correct Item to Stock.

Enter the Remarks properly to identify this transaction for later references.

[Former Member · Accepted solution]

Hi Sri,

If we issue any item through Goods Issue then account of that item will reflect.

Regards

[Former Member · Accepted solution]

Goods Issue would have following JE:

Inventory Account Credit

Inventory Offset - Decrease Debit

Now you do 'Goods Receipt' which will have the following JE:

Inventory Account Debit

Inventory Offset - Increase Credit

So you can use the 'Inventory Account' in the Goods Issue and 'Goods Receipt' which would balance both the transaction

[Former Member · Accepted solution]

Hi Sandeep,

The account of that item was already wrong. The goods issue is to reverse the wrong transaction. Both items' accounts will be corrected by this transaction.

Thanks,

Gordon