by PartsPlant81 » Fri Mar 28, 2014 1:44 pm
The easiest way IMO and the way that makes most sense to me and the office here is to NOT change the cost of the part when you invoice it/charge it out on RO; then credit 68700 when we get the credit from GM. This way the transaction does not affect the financial statement when you sell it; you will obviously show a loss of gross profit for the transaction if you sell the part below cost; however, when you receive the credit it will make the transaction whole +14% profit when applied to 68700.