5. Reducing Unit Price of Invoiced Goods
The Purchase Order has been invoiced and the unit price of the items need to be reduced.
1.Navigate to Departments → Financial Management → Payables →Purchase Credit Memos
2.Click “New” in the Ribbon
3.Enter relevant information as shown below
- Type: should be Charge(Item)
- No.: Select “Price_Diff” or assigned No.
- Quantity: Enter invoiced quantity
- Direct Unit Cost.: Enter Amount to be reduced by each item
- Tax Area Code, Tax Group Code, Tax Liable: Select these as they appear in the Invoice
4. Select the line and click “Item Charge Assignment” as shown below
5. Click “Get Receipt Lines” in the Ribbon
6. Select the relevant Purchase Receipt line (GRN) and click “OK”
7. Click “Suggest Item Charge Assignment”
8. Click “Amount” in the message shown below
9. The “Remaining to Assign” field will be updated as shown below. Click “OK”
10. Click “Apply Entries” in the Ribbon
11. Select the relevant Invoice and click “Set Applies to Id” in the Ribbon
12. “Post” the credit memo from the Ribbon
13. Navigate to the relevant Vendor Card and click “Ledger Entries” in the Ribbon. The Vendor Ledger Entries will be displayed as shown below. Select the relevant Invoice.
14. Single-click “Remaining Amount”
15. The “Detailed Vendor Ledger Entries” will be shown.
