Reversing the value of item

Business Central/NAV User Forum
1

Dear Experts,

When I post the purchase invoice:

  1. First the receipt is posted - quantity is increased

  2. Second the invoice is posted - Value is increased

Now my question: Is there any way i can reverse (undo) the 2nd step. Just nullify the effect of invoice but not the receipt i. e., I want to reverse the inventory value and the respective GL entries but want to keep the item ledger intact.

Your advice is highly appreciated.

Thanks

SBNGH

2

No its not possible,

You need to reverse entire entry.

3

You could issue a PCM (Purchace Credit Memo) to reverse your GL entry! On the PCM form click on Function>Copy Documents and pull your PI # then post your PCM. It will reverse your PI (step 2 above) and you can invoice your order again!

To reverse both steps 2 and then 1, you will create Purchase Return Order.

4

a Purchase Credit Memo would reverse both steps 2 and 1.