Reversing a PO Receipt

-----Original Message-----
From: Geary, Stephanie <sgeary@...>
To: vantage@yahoogroups.com
Sent: Thu, 15 Dec 2005 09:53:23 -0500
Subject: RE: [Vantage] Reversing a PO Receipt


Well that would be nice if they fixed that...




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[Non-text portions of this message have been removed]
I have noticed that if I add a receipt and the PO unit price was
incorrect, my average cost for the item changes to something incorrect.



How do I reverse this? I have tried deleting the receipt, yet the
average remains the new one calculated from the receipt.



Must we then go into the part master and change the average price
manually?



How do you all handle this issue?



Thanks!





Ben Belzer
IT Manager

TCI Precision Metals
800.234.5613.W
310.323.1255.F
bbelzer@... <mailto:bbelzer@...>
www.tciprecision.com <http://www.tciprecision.com/>







[Non-text portions of this message have been removed]
When you delete a transaction, whether it be a PO receipt or an mfg to inventory receipt, it does not actually delete that transaction. What it really does is create a reverse transaction. BUT, since you are on average costing method, it will create a reverse transaction using the new average cost.

Unfortunately, there is no easy way to reverse this. If you delete the receipt it will fix the quantity that is received but not the cost. You will have to go in and do a cost adjustment to match what it was before the transaction. Then you have to change the PO unit price before you receive the item again.

OR

You can leave the receipt the way it is and just do a cost adjustment. If you do this, you might want to check with Accounts payable on what affect it might have on them.

Jasper

-----Original Message-----
From: Ben Belzer [mailto:bbelzer@...]
Sent: Wednesday, December 14, 2005 1:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Reversing a PO Receipt


I have noticed that if I add a receipt and the PO unit price was
incorrect, my average cost for the item changes to something incorrect.



How do I reverse this? I have tried deleting the receipt, yet the
average remains the new one calculated from the receipt.



Must we then go into the part master and change the average price
manually?



How do you all handle this issue?



Thanks!





Ben Belzer
IT Manager

TCI Precision Metals
800.234.5613.W
310.323.1255.F
bbelzer@... <mailto:bbelzer@...>
www.tciprecision.com <http://www.tciprecision.com/>







[Non-text portions of this message have been removed]




Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto: http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto: http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links
Yep cause if they are like us.. it will cause a purchase price variance.
Vantage has acknowledged this "bug", regarding the system's failure to
roll back the PPV after reversing a receipt.

The SCR for this problem is SCR #26574.



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Geary, Stephanie
Sent: Thursday, December 15, 2005 7:42 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Reversing a PO Receipt



Yep cause if they are like us.. it will cause a purchase price variance.




Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder
and Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
<http://groups.yahoo.com/group/vantage/files/>
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
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[Non-text portions of this message have been removed]
Well that would be nice if they fixed that...