Reverse PGJ - Reverse and Create New Purchase Goods Journal

Reversing An Inwards Goods Transaction (Reverse Purchase Goods Journal (PGJ)) Overview

If an Inwards Goods transaction has been Posted but not Processed through to a Purchase Vendor Invoice (PVI), the SapphireOne user has the option to reverse it.

Firstly, within your SapphireOne Tools drop-down menu, there is now the option to Reverse the Purchase Goods Journal (PGJ). A new Purchase Goods Journal (PGJ) will be created in reverse of the original. As a result, this process will then cancel out the original PGJ. Subsequently, a new Order Vendor Invoice (OVI) will be created in lieu of the Original PGJ that was deleted.

Reversing an un-posted PGJ in your SapphireOne will have the following effects.

• For Normal Inventory (Product):
  • A debit inwards goods processing
  • A Credit Inventory Asset
• For Non-Stocking Inventory (Job, Services and Non-Diminishing Items):
  • A debit inwards goods processing
  • A Credit Labor cogs

The Reverse Purchase Goods Journal tools give the SapphireOne user the ability to reverse their purchase inwards goods efficiently.

You can review our Blog and YouTube channel for additional information and resources on SapphireOne ERP, CRM and Business Accounting software.