Miro with reference to PO

Question

hi,
i have 2 scenario for credit memo and subsequent credit which is referenced to PO.
the item purchased is based on moving average price.
1) when vendor invoice comes in, quantity difference, say missing 5 box (original 20 box). i will create the invoice by changing the quantity in miro to 15 box. then later when vendor sends in the credit note, i will create the credit memo. in credit memo, i need to call out the PO and change the quantity to 5 box. correct?
2) let say the invoice comes in and found out the price is printed wrong by mistake of higher price which is not due to quantity. i will create the invoice by changing the price in miro. then later on when vendor sends in credit note, i need to create subsequent credit. may i know i still need to call out PO when do subsequent credit?
3) as this is based on moving average and not standard price, the variance will go to stock account. the double entry for point 1 and 2 will be both also debit vendor credit stock?
thanks

Answer 1

Hi,
1) If you are to post a credit memo on receipt from the Vendor, then at the time of original invoice, there should n't be any changes made either in qty. or value, it should be done in line with the GR qty and value.
2) Invoice to be raised for the original qty and value, subsequent credit to be raised on receipt of the credit note from the supplier,
Both the Credit Memo and Subsequent credit to be referred from the PO both entries will be debit vendor credit stock
Regards
Merwyn