12-18-2013 2:26 PM
Dear I got new snenario its mentioned below
PO will be done for 10 Pcs Rate 100/-, GRN will be done for 8Pcs (2 pcs short) but as vendor has send the invoice along with consignment, (Rate is changed 110/-) client want to book the invoice for complete amount and then raise a credit note of 2 pcs short.
How do i process dis scenario and what are all the necessary steps do i need to take
Pls explain which account it will get posted
12-30-2013 4:24 AM
PO will be done for 10 Pcs Rate 100/-, GRN will be done for 8Pcs (2 pcs short) but as vendor has send the invoice along with consignment, (Rate is changed 110/-) client want to book the invoice for complete amount and then raise a credit note of 2 pcs short.
Please see my comments below
First of all if it GR based invoice verification then you will not get 10 PCs rate invoice.If you receipt 8 then you will get invoice 8 PCS.
If it is not GR based invoice versification then you receipted 8PCS and received invoice 10PCS in that case you need to raise the credit memo for 2 PCS based on your receipt.
Finally the process depends whether you agreed the price or not.If you agree then you will pay RS 88/- as per revised price and credit memo RS 22/- for the 2 PCS.
if you are not agreed the price then you raise the invoice RS 80/- and credit memo remaining amount 2PCS amount +extra amount.
12-31-2013 11:31 AM
Hi,
Different account postings as follows:
GR (@ $10) | IR (@ $11) | Credit Memo(@ $11) | |
Stock Account | 80 | 22 | -14 |
GR/IR Account | -80 | 88 | -8 |
Vendor Account | -110 | 22 |
01-03-2014 7:00 AM