Reversal of Received Items
Hi
I would like to know more about how "reversal of received items" journal is generated.
We don't believe this function is working properly.
When fewer items were received than originally ordered, we would process the receipt by keeping the ordered quantities unchanged and only entering the actual received quantities. As a result, the system automatically generated a second purchase order to offset the remaining balance of the original order.
However, this automatically created order did not accurately reflect the outstanding items. Instead, it included mismatched items and quantities, often appearing as negative values.
we are seeing inconsistent and incorrect inventory movements in MYOB
Please can you let us know how this function works
thanks
Lily
Hi LilyUltimate , the amount you've queried ($1833) is the amount in the Freight field. This is not subject to the same processing rules as inventoried items, in fact I'd suggest that using the freight field on purchase orders is something the program is either not designed to handle or is handling incorrectly.
If this freight cost is being charged by your supplier, I would suggest leaving it off the PO, or using an "I purchase" freight item and add a line to the PO.
Ideally (per general accounting principles) you should be apportioning the freight cost across all your inventory items in this shipment, so that their cost in stock reflects the cost of bringing them into the warehouse. There are ways to achieve that in the transaction.
