Reversing An Inwards Goods Transaction (Reverse Purchase Goods Journal (PGJ)) Overview
If an Inwards Goods transaction has been Posted but not Processed through to a Purchase Vendor Invoice (PVI), the SapphireOne user has the option to reverse it.
Firstly, within your SapphireOne Tools drop-down menu, there is now the option to Reverse the Purchase Goods Journal (PGJ). A new Purchase Goods Journal (PGJ) will be created in reverse of the original. As a result, this process will then cancel out the original PGJ. Subsequently, a new Order Vendor Invoice (OVI) will be created in lieu of the Original PGJ that was deleted.
Reversing an un-posted PGJ in your SapphireOne will have the following effects.
- For Normal Inventory (Product):
- A debit inwards goods processing
- A Credit Inventory Asset
- For Non-Stocking Inventory (Job, Services and Non-Diminishing Items):
- A debit inwards goods processing
- A Credit Labor cogs
The Reverse Purchase Goods Journal tools give the SapphireOne user the ability to reverse their purchase inwards goods efficiently.