| Description |
Steps:
1. Create Contract, Pricing Type is DP (Priced Later).
!pastedImage_d107921_0.png!
2. Create Ticket and distribute.
!pastedImage_d107921_1.png!
!pastedImage_d107921_2.png!
!pastedImage_d107921_3.png!
!pastedImage_d107921_4.png!
3. Create Purchase Priced Contract.
!pastedImage_d107921_5.png!
!pastedImage_d107921_6.png!
4. Settle Storage
!pastedImage_d107921_7.png!
!pastedImage_d107921_8.png!
!pastedImage_d107921_9.png!
!pastedImage_d107921_10.png!
5. Open GL Account Detail
!pastedImage_d107921_11.png!
Issue: Incorrect GL entries for Voucher created from Settle Storage.
1. Tax for Item and for Freight is recorded twice.
Here is the GL entries in Inventory Receipt. As shown here, Tax for Item and for Freight were already recorded.
!pastedImage_d107921_12.png!
However, at Voucher, it recorded the Tax once again. See boxed entries. With this, it will record the tax twice.
!pastedImage_d107921_13.png!
2. Here are entries to record Inventory received in Inventory Receipt.
!pastedImage_d107921_14.png!
Now after Settle Storage is posted. actual cost of the item becomes available. It showed that Inventory should have this value 4,137.34. Now when Voucher is created, it showed that incorrect value was reversed and incorrect Cost Adjustment was recorded. See entries highlighted in yellow. It showed that it reversed 4,137.34, where it should have reversed 6,620.47. Then it should adjust the cost by 2,483.13 so it will result to Inventory of 4,137.34, but in the screenshot below, it recorded 2,716.13.
!pastedImage_d107921_15.png!
Acceptance criteria:
There should be no GL entires for Settle Storage. The difference in market price and contract cost will be handled by Voucher posting. Voucher will do the cost adjustment entry and not settle storage.
Here is the entries for Voucher created from Settle Storage.
!pastedImage_d107921_16.png!
# See Boxed in red. Tax for the Item and Freight were recorded already at IR, therefore in Voucher, it should use AP Clearing account.
# See highlighted in yellow. To record Inventory, should reverse the AP Clearing from IR, which is 6,620.47 and then record the Cost adjustment of 2,483.13. This will result to Inventory of 4,137.34, which is the Total Item value after Settle Storage.
## !pastedImage_d107921_17.png!
|