Sage 100

A client set up a new inventory item and selected the incorrect product line and then created and received the PO. The ""inventory"" went to COGS but quantity to inventory and now they have quantity but no cost and a huge COGS number. Sure we can make a JE to correct the GL but what is the correct way so we get the actual cost back into the IM module and the correct average cost for the item.

Do a return of goods then correct the product line/accounts in PO and re-receive it? You'd want to do the return to the same account numbers so don't change them in PO until the return is updated.

Exactly what @ThereseLogeais suggests - return of goods (to reverse your receipt) then change the account numbers.

Thanks!