How to fix item that was input on purchase invoice incorrectly

Question

I am looking to correct an issue with my inventory where a product was entered under the wrong item number when a purchase invoice was processed.

I have two items that are quite similar but different brands. Brand A is currently at +10 and Brand B is currently at -10. The selling and purchasing cost for these two items is different. When Brand B was purchased it was put in under Brand A in the purchase invoice. All 10 of the items were then sold under Brand B causing the inventory to go into the negative. The transactions were all made many months ago and it was just caught now.

What would the best/proper way to go about fixing this?

Agate · Accepted Answer

Hi: 
 
To correct this go to your original transaction purchase and adjust the quantities and items by reversing the incorrect line and putting in the correct item and quantity if it is within the current year. If it is in the previous or prior years then use the inventory adjustment icon to reverse and correct your quantities and values. 
Hope this helps!

Sage 50 Canada

How to fix item that was input on purchase invoice incorrectly

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