Forum Discussion

PKH1's avatar
PKH1
Experienced Cover User
11 months ago

Inventory Zero Value

Dears, I am having again problems with the inventroy. We bought a product in A$ for $210 + GST from our standard supplier. The client didn't want the product and we returned it to the supplier, who...
  • PKH1's avatar
    PKH1
    11 months ago

    HI Doreen,

    I  managed in adjusting the stock and entering the CN as a service CN

    best regards

    Peter

philamoore's avatar
philamoore

hi, i am having this same issue.  

1. Credit the part number from Customer invoice to show in stock

2. Enter Bill for the supplier 

 

Get error " no items on hand and a non-zero valvue in inventory"

Mike_James's avatar
Mike_James
Ultimate Cover User
9 months ago

Hi philamoore , welcome to the forum. A couple of things to be aware of:

- Untick the "Gst inclusive" flag when entering the bill, to see the actual stock value being credited.

- AccountRight has a fault where it adds 10% to the value of any return to stock in a sales credit, so you may need to adjust the stock value downwards using an inventory adjustment (qty nil, amount negative as reuqired), before recording the supplier credit.

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