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Reverse PO Receipt for a G/L Line item

  • 1.  Reverse PO Receipt for a G/L Line item

    Posted May 10, 2019 12:03 PM
    Is there a way to reverse a PO Receipt for a G/L Account line?

    I've seen where you can do a reversal for an Item based line, but not for a G/L Account line.

    Thanks,
    Kurt

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    Kurt Bebeau
    HLT, Inc.
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  • 2.  RE: Reverse PO Receipt for a G/L Line item

    Posted May 13, 2019 11:15 AM
    Kurt, unfortunately there is not a way to reverse a G/L Account line on a purchase receipt. If the purchase order has not yet been invoiced, you can go back in to the order, reopen it and update the direct unit cost amount with the correct amount or zero out completely. When invoiced this will show the corrected amount or the zero amount. If you have invoiced the order, you can create a purchase credit memo against the G/L Account line item on the original PO. Does this answer your question?

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    Stephanae Benson
    Stoneridge Software
    Fargo
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  • 3.  RE: Reverse PO Receipt for a G/L Line item

    Posted May 13, 2019 06:52 PM
      |   view attached
    Hi Kurt,

    Unfortunately not, we had to develop our own, we use Document Capture system for invoice matching, and we had to have an easy way to reverse GL receipts so we are able to invoice match, so we have developed GL Receipt reversal.


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    Waleed Eltatawy
    Senior Business Analyst
    Fleetwood Pty Ltd
    Melbourne VI
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