The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Now when the Credit Memo is posted, the Purchase Price Variance is reversed.įigure 6 – Screenshot showing that the PPV is reversed when the Credit Memo is postedįor 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. To reverse the Purchase Price Variance in a Purchase Credit Memo, you must select the ‘Applies to Item Ledger Entry’ that created the original Purchase Price Variance.įigure 5 – Select the ‘Applies to Item Ledger Entry’ to reverse the Purchase Price Variance in a Purchase Credit Memo We again created a posted a Purchase Order to get the same Purchase Price Variance of $1.00.įigure 4 – Screenshot of a posted a Purchase Order, resulting in the same Purchase Price Variance of $1.00 You can see that the Purchase Price Variance has not been reversed and that it has left the Purchases Account and Direct Cost Applied Accounts with a different balance.įor more information on this setup, please see our previous Blog on Exact Cost Reversing. We then created and posted a Purchase Credit Memo, which created the following General Ledger entries:įigure 3 – Screenshot of General Ledger entries created after posting a Purchase Credit Memo This resulted in a Purchase Price Variance of $1.00:įigure 2 – Screenshot of a posted purchase order with the cost of $3.00, resulting in a Purchase Price Variance of $1.00 We created and posted a purchase order with the cost of $3.00. We have set up the following example to illustrate:įigure 1 – Screenshot showing an example of a standard cost item of $2.00 The item was later returned and a Purchase Credit Memo was issued and posted, but the PPV was not reversed.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |