Overview
Some purchase receipts are either missing stock, incorrect product or include damaged goods. Some of the common ways to handl this include. Calling the supplier then:
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| Note |
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Re the general ledger side of the returned stock value vs the credit value from the supplier if it varies If the interface rule for STKCRD is set for the GL account to be the stock price variance account which represents the difference between the cost on the purchase receipt for the credit and the cost on the purchase invoice for the credit. The account is set up to be cleared at year-end as part of the P&L appropriation roll. Given that there will always be some differences between purchase invoice prices and purchase receipt prices, that the number and value of the purchase variance returns are moderate and the amount is automatically cleared at year-end. |
Supplier is going to send the short stock on a seperate delivery
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