There is no problem changing the price on a closed ticket. But, sometimes you have to give a customer a price adjustment on a ticket that has already been paid. If it isn’t feasible to simply void the payment and fix the original ticket, then you will have to make a new ticket for the price adjustment. The challenge is to make a ticket for the price adjustment and associate the added cost with the inventory item without changing the weight purchased.
Here is how it is done:
- In Scrap Buying, make a new ticket for the customer.
- On the first line, select the original commodity, at the original price, but enter the original NET weight as the TARE weight. This will create a negative line that ‘reverses’ the line on the original ticket.
- On the second line, select the original commodity, at the REVISED price, and enter the original NET weight as the GROSS weight. This will create a positive line that ‘replaces’ the line on the original ticket.
- Close and pay the ticket as usual.
The weights on this ticket will wash out and the difference in the extended line amounts will be the price adjustment.
You paid $250 for a ticket for 10,000 lbs of Steel at $50 per net ton. You need to adjust the price to $55 per net ton, but the check has been cashed so it is impossible to void the payment and fix the ticket price.
Make a new ticket for the customer.
On the first line, Commodity=Steel, Tare=10,000 lbs, Price=$50/NT. The extended amount will be -$250.00.
On the second line, Commodity=Steel, Gross=10,000lbs, Price=$55/NT. The extended amount will be $275.00.
Close the ticket. This will create a payable of $25.00 for the customer. The weight purchased will not change. The total value of the Steel inventory will increase by $25.00.