Recording a credit note without affecting item quantity

SUGGESTED

I received a negative invoice from the supplier for an inventory item that was invoiced at a higher price earlier. When I tried to create a credit note by entering the quantity of the item, the entry reduced the quantity of the inventory as well. How can I record this credit note without affecting the quantity?

Parents
  • 0
    SUGGESTED

    Hi  ,

    Thanks for reaching out. If you’re still looking for a way to record a credit note without affecting the inventory quantity, here’s a solution that might work for you:

    1. Entering the Credit Note: When creating the credit note, instead of entering a quantity, enter "0" as the quantity and manually adjust the amount in the price field to reflect the value of the credit. This way, the credit note will adjust the financials without impacting the inventory levels.

    2. Alternative Method: Another approach is to use a non-stock item code when entering the credit note. This allows you to process the credit for the monetary value without altering the inventory quantity.

    These steps should help you record the credit note correctly without changing your inventory counts.

    If this helps please mark it as verified :)

    Warm Regards,
    Erzsi

Reply
  • 0
    SUGGESTED

    Hi  ,

    Thanks for reaching out. If you’re still looking for a way to record a credit note without affecting the inventory quantity, here’s a solution that might work for you:

    1. Entering the Credit Note: When creating the credit note, instead of entering a quantity, enter "0" as the quantity and manually adjust the amount in the price field to reflect the value of the credit. This way, the credit note will adjust the financials without impacting the inventory levels.

    2. Alternative Method: Another approach is to use a non-stock item code when entering the credit note. This allows you to process the credit for the monetary value without altering the inventory quantity.

    These steps should help you record the credit note correctly without changing your inventory counts.

    If this helps please mark it as verified :)

    Warm Regards,
    Erzsi

Children
No Data