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Giang DINH

Stock receipt entry is not generated correctly

Posted By

Hi,

We use Save X3 V12 & have the issue with stock receipt entry.

When running stock accounting interface for a purchase receipt, a journal entry is generated but the journal entry lines are not generated correctly. There are 2 cases

- if valuation method is average, the stock receipt entry generated with 4 lines, in the free reference column, we can see that they come from automatic journal STKRE lines 10,170 & 180

- if valuation method is standard,  the stock receipt entry generated with 2 lines: Adjusted purchase order/invoice & receipt number, it comes from automatic journal STKRE lines 100

Does anyone have the same issue and know how to solve it?

The correct receipt journal entry should have 2 lines only, debit inventory (stock - automatic journal line 10), credit purchase accrual (receipt number)

Thank you,

  • 0

    Good day, that line is being trigger due to you have parameter ACCDETSTK (Anglo-saxon stock accounting) set to yes, not sure if you account for cost goods at time of receipt to stock or at time of sale to final customer? Line 100 will only trigger if costing is (Standard Cost or Revised Standard Cost and the parameter ACCDETSTK is set to yes on site level).

  • 0 in reply to Regard Hulsbos

    Hello Hulsbos,

    Thanks so much for your information,

    We account for cost of goods at time of sale to final customer. 

    Find below the result of receipt entry after ACCDETSTK (Anglo-saxon stock accounting) set to Yes and the valuation method is Average:

     - still generated with 4 lines, coming from automatic journal lines 01,20, 170 & 180. I don't know why this time it comes up with PPV account

    Do you have idea about that and know how to solve it?

    Our expected receipt journal entry should have 2 lines only, debit inventory (stock - automatic journal line 10), credit purchase accrual (receipt number)

    Thank you in advance,

    Have a nice day!

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