Hi everyone,
I’d like to discuss a common real-world scenario related to inventory valuation adjustments in ERPNext and understand if there’s a recommended approach.
Scenario
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A Purchase invoice is submitted with update stock enabled or the Purchase receipt is done
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Stock has already been received and may be partially or fully consumed
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After some time may be month or two, the supplier provides a rebate / credit on some or many items from that invoice
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The rebate effectively reduces the actual cost of those items
Challenge
ERPNext does not allow direct modification of valuation rate once stock is updated and Stock Ledger Entries are created. However, from a business perspective the inventory valuation of the stock should also reflect the reduced cost.
So wanted to know what would be the recommended approach in such a case.