The cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. You may also be interested in our blog on the Purchases Account: Purchases and Direct Cost Applied Accounts in Microsoft Dynamics NAVįor more information on this or any other Dynamics NAV topic, please contact ArcherPoint.įor more step-by-step instructions on how to perform specific tasks in Microsoft Dynamics NAV, see our collection of How-To blogs. The resulting G/L from the invoicing and credit memo: The Credit Memo should be a G/L type and should refer to the Purchases Account that was debited when the old receipt was invoiced. To remove the Payable, you will need to create a Dynamics NAV Credit Memo (we have always thought of this as a Debit Memo, but that is another story). This will create a Payable to the vendor that needs to be removed. When you do that, use the original ‘expected cost’ from the purchase order line. The question, then, is, “How do I clear out the old received but not invoiced receipts?”įirst, you must invoice the old receipt. In order for Microsoft Dynamics NAV to accurately value inventory and Cost of Goods Sold, all Purchase Receipts must be invoiced. It is not uncommon to find clients who have posted Purchase Receipts but have not invoiced that receipt correctly.
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