Reverse Quantity Value Adjustments

Reverse Quantity/Value Adjustments

This page allows you to reverse the value and Quantity adjustments in Authorized Status.

Select the “Reverse Adjustments” Activity under the “Tax Adjustments” business component.

The “Reverse Quantity/Value Adjustments” page appears.

Enter the following fields in the “Adjustment Information” group box:

Adjustment No.	The required tax Adjustment No (Alphanumeric, 18). Mandatory. The number allotted to the adjustment entry. Help Facility available.
Reversal Doc. No.	The required reversal Adjustment No (Alphanumeric, 18). Mandatory. The number allotted to the reversal adjustment entry.
Reversal Doc. Date	The reversal date (Date format) Mandatory
Numbering Type	Use the drop-down list box to select the required numbering type or Manual. If the numbering type is manual and if Tax adjustment number has been entered the system checks for uniqueness for the transaction type.

The system displays the following fields:

Status	The status of the adjustment.
Tax Type	The Tax Type for which the adjustment no. is created.
Tax Community	The Tax Community for which the adjustment no. is created.
Tax Region	The Tax Region for which the adjustment no. is created.
Adjustment Date	The adjustment date
Adjustment Type	The Type of adjustment. It can be ‘Value’ or ‘Quantity’ or ‘Both’
Nature Of Adjustment	The Nature of adjustment of the adjustment no. The Values can be Increase / Decrease.
Finance Book	The finance book in which the transaction is accounted.
Reason Code	Reason Code for the adjustment.
Description	The Description of the reason Code.
Ref. Doc. No.	The Reference Document No. for the Adjustment No. It can be the transaction no for which the adjustment is created. Eg. Inventory Issues, Invoice Nos.
Ref. Doc. Date	The Date of the Reference Document.
Remarks	Remarks for the Adjustment.
Ref. Doc. Type	The type of the reference document.
Ref. Doc. OU	The OU of the reference document.
Classification	Indicates the classification of the adjustment, which could be “Normal” or “Opening Balance Entry” or “Deferred Credit Transfer”.

The system will display the following in the “Contra Account Information” group box:

Account Code	The code identifying the account to which the contra entry is posted
Analysis Code	The analysis code to which the selected account is mapped in the "Assign Analysis Code" activity of the "Account Based Budgeting" business component
Sub Analysis Code	The sub analysis code, which is mapped to the analysis code in the "Assign Sub Analysis Code" activity of the "Account Based Budgeting" business component
Cost Center	The cost center to which the amount is posted.

The system will display the following fields in the “Value Adjustment” group box:

Tax Code	The Tax Code selected for the adjustment no.
Account Type	The Tax Account type selected of the adjustment no.
Tax Amount	The Tax Amount for which the adjustment is created.
Dr/Cr Indicator	The Dr/Cr Flag which indicated whether the account code is debited or credited In the adjustment.
Account Code	The code identifying the account to which the entry is posted
Analysis Code	The analysis code to which the selected account is mapped in the "Assign Analysis Code" activity of the "Account Based Budgeting" business component
Sub Analysis Code	The sub analysis code, which is mapped to the analysis code in the "Assign Sub Analysis Code" activity of the "Account Based Budgeting" business component
Cost Center	The cost center to which the amount is posted.
Manufacturer Name	The name of the manufacturer.
Manufacturer Invoice No	The invoice number of the manufacturer.
Invoice Date	The date on which the invoice was raised.
Amount	The amount of supplier invoice.
Registration Details	The excise registration details of the manufacturer.

Note: The Manufacturer Invoice Details will be provided for adjustments created for accounting the input credits which were not accounted at the time of ‘Goods Receipt’.

Tax Category	The Tax Category selected for the adjustment no.
Tax Class	The Tax Class selected for the adjustment no.
Remarks	Remarks for the Value adjustment Line.

The system will display the following fields in the Quantity Adjustment group box:

Item Code	The code identifying the item for which the quantity adjustments are done.
Item Variant	The variant of the item.
Type of Material	Indicates the type of material which could be “Capital” or “Non Capital”.
UOM	The Unit of Measurement in which the quantity adjustment are done.
Quantity	Quantity that is adjusted for the Item Code.
Tax Group	The tax group to which the item is mapped for the tax type, tax community and tax region combination.
Tax Category	The tax category of the adjustment.
Tax Class	The tax class of the adjustment.

Enter the following fields in the “Journal Voucher Details” group box:

Numbering Type

Use the drop-down list box to select the required numbering type for generating the Reversal Journal Voucher for Value adjustments.

The system will display the following fields in the “Journal Voucher Details” group box:

Voucher No.	Voucher No. generated on authorization of the adjustment no. for value adjustments. Data Hyper Link available for viewing the details of the voucher no.
Voucher Date	The Date of the Journal Voucher
Total Value	The Total Value for which the voucher is generated.
Reversal Voucher No.	Voucher No. generated on reversal of the adjustment no. for value adjustments. Data Hyper Link available for viewing the details of the voucher no.
Reversal Date	The Date of the Reversal Journal Voucher.

To proceed, carry out the following

Select the “View Accounting Information” link at the bottom of the page to view the accounting entries passed for the value adjustments.