Scenario :
- 2012-08-01 : bought Item X, 1000 Qty @ THB 1000 each from Supplier 1001
- 2012-09-01 : Supplier 1001 announce Price Protection, where by Item X is now THB 900 each
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To do :
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1. Perform Reset MA to adjust Item X moving average price (cost price)
- go to Inventory > Reset MA > Reset MA
- select Item X
- key in 900 into "New Moving Average Price" field
- key in the reason for this Reset MA
- click Reset MA Now
the journal created will be (assuming none of the 1000 Qty has been sold) :
Debit Credit inventoryVariance 100,000 inventory 100,000
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2. Create Supplier Credit Memo (debit note) for Supplier 1001 to record in the system that Supplier 1001 is owing you
- go to Supplier > Credit Memo > Create
- Branch : can be HQ
- Supplier : Supplier 1001
- Date : the Price Protection Date
- Reference and Remarks : key in the necessary details
- GL : credit inventoryVariance
- Click Add Item, then click Confirm and Save to create the Credit Memo (debit note)
the journal created will be (assuming none of the 1000 Qty has been sold) :
Debit Credit accPayable 100,000 inventoryVariance 100,000
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3. If you do not receive cash refund from Supplier 1001, you can just keep the above Credit Memo open, and use it to contra existing / future Supplier Invoice (from Supplier > Credit Memo > Contra)
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4. If you receive actual cash refund from Supplier 1001, then follow the steps below :
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