Reply from Aratji on Feb 17 at 3:21 AM Hi Frederic,
Thanks for reply. I understand what you are saying,
But my question is why is the system posting -2,140,699.20 to expense account at invoice verification?
The expense account should just be debited at goods receipt.
At invoice verification, system should just clear the GR/IR account
| | | ---------------Original Message---------------
From: arafat tjirongo
Sent: Monday, February 16, 2015 9:31 AM
Subject: Confusing/Wrong Invoice Verification Posting
Hi All,
I have the following scenario:
1. I created a purchase order (PO), goods receipt (GR) and invoice verification(IR).
2. The PO is for one item with 100 % unit. Net price is $ 2,142,842.08.
VAT is @ 15 % = $ 321,426.31.
3. I create two GR goods receipt with 20.412% and 79.588% respectively
4. The first GR created following posting
Expense acc = 437,396.93
GR/IR acc = - 437,396.93
Second GR
Expense acc = 1,705,445.15
GR/IR acc = -1,705,445.15
This is correct.
5. Then I did invoice verification (MIRO) for first receipt (20.412%). The posting system did here is very strange and I think it is totally wrong.
The posting was as follow:
Vendor: - 503,015.18
GR/IR: 2,578,103.70
Expense: -2,140,699.20
Vat: 65,610.68
Can anyone please help me understand this posting? All in all, these entries leave a balance on $2,140,699.20 on the GR/IR account
Please assist.
Regards,
Arafat |
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