If you’ve made a mistake on your shipment, for example, accidentally booked in stock with the wrong bookin date you may want to ‘reverse’ the shipment. Reversing a shipment is complicated, that’s why there’s no magic button to do it for you. Here’s the process you need to follow.
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The status is Booking In
Import Costs are apportioned and invoiced
Stock is booked in
All the stock still exists
Supplier Invoice is invoiced
VOTI invoice is invoiced (Julie - this bit is not necessary).
Reduce stock value back to supplier cost
Because you have import costs apportioned you , your stock has been booked in at the landed cost. Before you can return the stock you need to get costs back to the supplier cost.
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Your stock on hand is now at the original supplier cost.
Drill to the import cost creditors and allocate the negative invoice to the original positive one.
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