cecille:stockstatus
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Table of Contents
Stock Status
Prior to version 5.3, Taxes and duties were posted when a GRN was confirmed. However, many customers are of the view that the taxes and duties should be based on Supplier Invoices and Not when a GRN is posted. This is particularly important when invoices from suppliers are based on milestones and not GRN. The new interface fixes this problem. It also takes care of Purchase Discounts which were automatically deducted from price instead of crediting to discounts earned, even when a separate account was specified in GL Interface table for that purpose.
Confirm GRN
When a GRN is confirmed, the following accounting entries are created
| GL Interface Type | Sub-account | Currency | Dr | Cr | Notes |
|---|---|---|---|---|---|
| Purchase Commission | Prime | (PurchasePrice-Discount)*Commission%/100 | |||
| Accrued Purchases-Agents | Prime | (PurchasePrice-Discount)*Commission%/100 | |||
| Accrued Purchases-Supplier | Prime | PurchasePrice-Discount | |||
| Purchase Discount | Prime | Discount | |||
| Accrued Purchases-Sundries | Base | AdditionalCost | |||
| Inventory/Accruals | Base | StandardCost | |||
| Purchase Variance | Base | PurchasePrice*ExchangeRate+AdditionalCost-StandardCost |
Post Supplier Invoice - Local Purchases
/srv/www/htdocs/wiki/data/attic/cecille/stockstatus.1469889566.txt.gz · Last modified: 2016/07/30 14:39 by asok
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