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This situation arises when the cost price at the time of Inventory reserve differs from the cost price when an Inventory cancellation document is generated.
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Since this negative cost amount does not impact the actual cost price of the item, but only affects the Inventory reserve register, we can remove this value using a register corrections document.
Go to Administration > Register correction document > Click on the Create option
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You can copy the details from the Inventory reserve (cancel), just keep and add the same amount AED -300 from the reserve report of reserve.
Or you can record it with a register record as Receipt and keep the amount in positive, this should remove the negative cost value.
Case 4- The inventory item was reserved against CO and completely Invoiced, yet the balance appears in the inventory reserve report and the difference in the stock balance report
It is possible, that items are reserved from a warehouse that has this functionality enabled i.e. separate inventory and financial documents, this requires the creation of an Invoice and Goods dispatch note to complete the transaction. This sequence should be maintained i.e. CO > Inventory reserve >[either (Invoice > Goods dispatch note) or (Goods dispatch note> Invoice)]
The solution is to create a Goods Dispatch Note using the generate option from the Customer Order. This action completes the transaction effectively.
Additional notes-
Reservations can be removed/canceled by following documents:
- Inventory Reserves (cancel reserve type of transaction)
- Invoice
- Goods Dispatch Note
The reports in the Warehouses module provide detailed information on reservations made in the company warehouses. To view reservations, you can use the following reports:
- Inventory Reserves
- Stock Balances by Item
- Stock Balances by Warehouse
- Stock Balances with Locations
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