Inventory cost at the time of shipment is different from what it is at the time of receipt which should be same
We are facing issue in stock transfer module. The inventory cost at the time of shipment is different from what it is at the time of receipt. Resulting in negative inventory being reflected in ‘Inventory in Transit’ GL and takes up a lot of time in reconciliation every month. Manual GL entries h...
E-invoicing on purchases needs to be provided
E-invoicing on purchases – There is no functionality as such now. As per law, if a company eligible for e-invoicing sends an invoice with IRN/QR code, the input credit on such invoice is not available to the company. There have been 2-3 such instances and we have either collected the revised invo...
TCS on customer invoice settlement
TCS is applied on Invoice amount 50lacs. Some companies apply TCS at Invoice, some companies apply during payment. In this case, if TCS is getting applied on invoice and payment as well and settling the transaction then system is creating difference of amount while settlement of invoice and paym...