Post Red Storno corrections
You can set up inventory to use the same column for original and corrective postings. This is often referred to as red storno. You can use red storno posting to post the following inventory entries:
- Corrective entries in the item journal.
- Reversal of item documents such as item receipts and item shipments.
- Posting item revaluation or item reclassification journals.
- Periodic adjustments of item costs.
Note
You must enable red storno in the Inventory Setup window before you can post corrective entries. For more information, see Inventory Setup.
To post corrective entries in the item journal
Choose the
icon, enter Item Journal, and then choose the related link.Fill in the fields as described in the following table.
Field Description Entry Type Select the same entry type as the original posting. Quantity Enter the quantity with the opposite sign of the original posting, such as -4. Red Storno Select to post as a corrective posting. You must also select the appropriate entries in the Applies-to Entry or Applies-from Entry fields.
Post the journal.
The correction is posted, and any general ledger account correspondence that you create is considered.
To reverse item documents
To reverse an item receipt, Choose the
icon, enter Item Receipt, and then choose the related link.To reverse an item shipment, Choose the
icon, enter Item Shipment, and then choose the related link.On the General FastTab, select the Correction check box.
Choose the Copy Document action.
In the Copy Document window, set the appropriate filters, and then choose the OK button.
Make the needed changes to quantity and amounts.
You must also select the appropriate entries in the Applies-to Entry or Applies-from Entry fields. These fields identify the incorrectly posted document.
Post the document.
To post item revaluation or item reclassification journals
To post an item revaluation, Choose the
icon, enter Revaluation Journal, and then choose the related link.To post an item reclassification, Choose the
icon, enter Item Reclass Journal, and then choose the related link.Fill in the fields as described in the following table.
Field Description Applies-to Entry Specifies the item entry that you want to revalue or reclassify. Applies-from Entry Specifies the item entry that you want to revalue or reclassify. Red Storno Select to post as a corrective posting. Post the document.