Cancellation / Reversing methods on posted Receipts

In some cases a posted Storage Receipt must be reversed, for example when some data was wrong and the error not noticed until after the posting. There is also a way to reverse the receiption of selected item(s), by using a credit inbound journal.

Reverse Posted Storage Receipt

On the Storage Receipt Agreement there is a method to reverse the posting.

1. Open the posted Storage Receipt Agreement, which has status Closed

2. Click Actions > Posting > Reverse Posted Storage Receipt
   

   

3. A confirmation dialog will ask the user to confirm, select Yes.

After the method has been run:

• Open Trade Items, that were created by the original posting, have been deleted.

• The Trade Item Ledger Entries for the receipt now have

  • Status = Closed

  • Closing Type = Storage

  • Creation Type = Credit

• Pallet List entry still exists, but has Status = Empty and some other field values have also been deleted.

• New Item Ledger Entries have been created, similar as for the original posting, but with negative quantities => The inventory has been credited.

• The key figures factbox on the Storage Receipt Agreement now shows that received items and pallets are zero.

• An entry in Trade Item History was created and it has a checkmark in field Credit Posting.

Correcting a Posted Storage Receipt

When user figures out after the posting that something was not correct, it is possible to correct it by using the reversing method:

1. Reverse the original posting, see above. With this method all created trade items have been removed from inventory.

2. Fix the Storage Receipt Agreement.

3. Post again in a normal way.

Trade Item Credit Inbound Journals

The Wisefish system contains a specific journal to post the reversal of an inbound transaction (reception/production/positive adjmt.). It is called Trade Item Credit Inbound Journal.

Another similar journal exists to cancel an outbound transaction (shipment/consumption/negative adjmt.)

With this journal it is possible to reverse the reception of a single pallet of a storage item. Prerequesites:

• The type of the related trade items needs to be “Storage item”,

• The ownership has be an outside company, i.e. external Stock Center.

How to use the method

1. Open the Trade Item Credit Inbound Journal, from the role center or through the search field

2. Start action Select Storage Trade Items
   

   

   The page Select Open ITs to Jnl will open.
   

3. Find the item

   1. The user can apply appropriate filters (item no., location code and stock center) to find and isolate the corresponding trade item.

   2. Set focus on the item in the list box of Open Trade Items for Selection
      

      

4. Click Reserve Trade Item
   A line will appear on the right side:
   

   

5. Repeat as often as necessary, until all the items that must be credited are on the right side.

6. Close the page, to go back to the journal

7. Click Post from the Posting action-ribbon.
   When done, the lines of the journal will disappear.
   

   

When an item has been credited with this journal, this result is as follows:

• The credited trade item is no longer in Open Trade Items

• The Trade Item Ledger Entry for the credited item(s) now has…

  • Status = Closed

  • Closing Type = Storage

  • Creation Type = Credit

• The Pallet List entry still exists, but has Status = Empty and some other field values have also been deleted.

• A new Item Ledger Entry has been created, with a negative Quantity => The inventory has been credited.

KREDITFÆRA GEYMSLUMÓTTÖKU