About Receipt Adjustments
When entering adjustments to incomplete posted receipts, you can change the following fields in
the I/C Receipts screen:
- Receipt description
- Posting date (which determines the fiscal year and period for the transaction)
- Additional cost for the receipt
- Comments for each item
- Adjusted unit cost for
each item
- Extended cost for each item line
For instructions on using the I/C Receipts screen to enter receipt adjustments,
see Entering Adjustments to Existing Receipts.
If you receive items into inventory before you know their costs, you can use the I/C Receipts screen in either of the following ways:
- Create and save an incomplete receipt
that does not contain the cost of the items. When you get the invoice, edit the receipt
to add the costs and then post it.
- Create and post an incomplete receipt. When you get the invoice, enter a receipt adjustment
and then post the adjustment.
You cannot use the I/C Receipts screen to adjust receipt quantities, change the vendor, or change the exchange rate (for a multicurrency transaction).
If the receipt is marked Complete, was deleted, or is no longer available, you must enter the receipt adjustment using the I/C Adjustments screen.
Important!
Do
not confuse the Adjustment type in the I/C Receipts screen with the I/C Adjustments
screen.
- You
use the Adjustment type in the I/C Receipts screen to change costs in incomplete
receipts.
- You use the I/C Adjustments screen to change
item quantities and costs for inventory items. You also use the I/C Adjustments screen to adjust the
quantities and costs of items for a deleted receipt.