We created, received and invoiced a PO and did the adjust cost/post cost. The standard cost and the invoice cost were not the same so it hits PPV. However, when I created a Purchase credit memo (complete copy of the PO - at invoice cost); there we no PPV posted. I was expecting to reverse the PPV in the original transaction. Is this a setup issue? Thanks!
The system treats the Purchase Credit Memo more as a Sale then a Purchase [Ugh]. You won’t get a variance on a negative Item Ledger Entry (which a Purch. CM is). I don’t think there is much you can do here.
Hi Have not run this through but have a look at exact cost reversing as this may do what you want, although it will probably annoy you and you will turn it off! [:D]