Receiving Adjustments

When a vendor confirms costs, the buyer should be updating the Purchase Order. This typically occurs prior to reveiving activity. There is really no mechanism to update costs on a Receipt (unless your setup for ERS). However, the Matching system creates a cost adjustment for differences on Inventory type items - a CA transaction is posted when IC130 is run. For Nonstock, Special and Service items, any amounts outside the defined tolerances post when AP175 runs.

we have a setup for ERS...

there are scenarios where we need to change the PO cost for a line after it is being received.

at this point do we need any receiving adjstments to be created or can directly update the new costs

in the receivers?

 

thanks....

While, Receiving adjustments are used to update quantities after a receipt has been released, costs are not maintained thru the PO33 form. If using ERS, you will be able to update the cost of an item when completing a PO30 Receipt. After a Receipt is released, however, cost differences are managed by Invoice Matching.

If you find the cost for an Inventory item to be incorrect, you may be able to perform a cost adjustment on IC28. For example, use the ZERO function to bring all costs to $0.00. Then create a sencond IC28 to bring the cost back to the targeted price.