GR-GOODS RECEIPT

[Former Member]

HELLO FRIENDS,

WHILE DOING A GR WITH RESPECT TO A PURCHASE ORDER THE STOCK ACCOUNT GETS DEBITED AND THE GR/IR ACCOUNT GETS CREDITED.

NOW MY QUESTION IS THE AMOUNT WHICH SHOWS IN THE STOCK ACCOUNT ASWELLAS THE GR/IR ACCOUNT IS WHICH AMOUNT TAKEN FROM THE PRICING CONDITION FROM THE PURCHASE ORDER?IS IT THE NET VALUE OR THE MATERIAL COST?

THE REASON BEHIND MY QUESTION IS I HAVE DONE A PO WHERE I HAVE GIVEN THE FOLLOWING CONDITION:

GROSS PRICE :1000

TAX ON PO : 200

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NET VALUE :1000

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ABSOLUTE DISCOUNT: 10

NON-DEDUCTABLE TAX:35

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MATERIAL COST WITHOUT INVOICE : 1025.

NOW WHEN I AM DOING THE GR OF THIS PO IT IS SHOWING THAT THE STOCK ACCOUNT AS WELLAS THE GR/IR DEBIT ACCOUNT IS 1035 i.e. IT ISNOT CONSIDERING THE 10 RUPEES DISCOUNT.

PLS HELP.

REGARDS,

INDRANIL

[Former Member]

thanks to all of u for the help

[Former Member]

Hi,

Why dont you can add the discount conditon before tax calcualtion ie immediately after Basic Price.

Also if possible mention the sequence of pricing conditions to analyse better.

Regards,

DilliB

[Former Member]

HI DILLIB,

I AMNOT ADDING THE DISCOUNT CONDITION BEFORE TAX CALCULATION BECAUSE IF I DO IT THEN THE TAX CALCULATED AMOUNT ON THE PO WILL BECOME LESS i.e. LIKE IN THE GIVEN EXAMPLE WHERE THE TAX CALCULATED IS SHOWING RS.200,IT WILL NOW BECOME RS.198.

REGARDS,

INDRANIL

[former_member218067]

Hi,

If you want to post the inventory after deduction of discount please

Try changing condition category to E cash discount for that condition Type

and then post GR -not tried by me ,please reply

BR

Diwakar

[Former Member]

HI DIWARKAR,

I HAVE TRIED UR SUGGESTION BUT NOTHING FRUITFUL HAPPENED.

LET ME KNOW IF SOME OTHER WAY OUT.

REGARDS,

INDRANIL