Enter Price Adjustment

Explanation

This activity is used to enter an invoice with price corrections made for previously matched purchase order lines. It is only possible to make a price adjustment for an order line that is already invoiced and therefore not visible in the Post from Purchase Order window. The price difference and non-deductible tax difference postings connected to each changed order line, i.e., each part where the price must be changed, are automatically retrieved as individual postings on the invoice when performing this activity. A price adjustment only generates postings concerned with the price difference, and non-deductible tax difference for the purchased parts that have already been invoiced. The price adjustment functionality is mostly used for credit notes. If both price and quantity are to be altered, this must be handled in the Post from Purchase Order window at the time of matching.

This activity is only available if IFS/Purchasing is installed and if you are running an executable with both IFS/Invoice and IFS/Purchasing. For each invoiced receipt line, it is possible to specify the quantity of the purchased part for which the price adjustment is to be made. Thereafter, the price difference per unit, adjustment to the additional cost, total price difference, discount, and non-deductible tax difference can be entered. If the Update Purchase Prices for Matched Parts check box is selected, any such changes will result in an automatic update of the Price (with currency) and Discount % fields in the Purchasing/Purchase Part/Supplier for Purchase Part/General tab.

Prerequisites

The purchase order line must be matched with a  supplier invoice before a price adjustment may take place. You need to have started to enter an invoice with either a purchase order reference or a supplier identity and with an amount, all in accordance to the correction invoice that you have received from the supplier.

System Effects

A price difference and a non-deductible tax difference posting will be created on a voucher connected to the invoice. The voucher will be placed in the hold table in IFS/Accounting Rules.

When matching a price adjustment invoice to a purchase order line, a special check is made. If the purchase part of the price adjusted order line is included in a supplier agreement using step pricing, then the cumulative value for the amount will be updated for the applicable period. If the price adjusted purchase part, or no-number part, also belongs to a supplier assortment included in a supplier agreement, then the cumulative value for the amount will be updated for the applicable period in the assortment step pricing. The current amount for the whole supplier agreement will also be updated in both cases.

Window

Manual Supplier Invoice

Related Window Descriptions

Manual Supplier Invoice
Price Adjustment

Procedure

  1. Select the Manual Supplier Invoice window and register a new invoice.
  2. Enter the applicable purchase order number in the PO Reference field. Depending on the Amount Method specified in Enterprise/Company/Invoice, enter invoice lines with the gross or net amount according to the invoice received from the supplier.
  3. Right-click and then click Price Adjustment Purchase to open the Price Adjustment window.
  4. If no purchase order number is entered, query for the purchase part.
  5. All purchase order lines that have already been invoiced are displayed. Make the price adjustment by entering the price difference per price unit of the purchased part in the Price Diff/Curr field. By doing this, the system will recalculate the total invoiced amount, the invoiced price per price unit and non-deductible tax difference.
  6. Before you can complete the matching, the value in the Remaining field must equal zero (0). This means that the price adjustment made for the selected order lines correspond to the net amount entered on the invoice. 
  7. Click OK to return to the invoice.