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Hi Sir

Anyone can advise how to the transaction flow for the Return to Vendor Process in Acumatica as the return will be replacement back instead of refund the payment to us.

We understand that once inventory issued , it will reflected to inventory stock ( reduced) and increase the cost of purchase. 

CR : INVENTORY

DR : Purchase ( cost of good sold)

However, if this return is send to vendor for repair/rework and it will be send back to us again.

If based on above double entry , CR: Inventory and DR : Purchase , it will reduce the inventory qty and increase the purchase (cost of good sold)

Not sure how it record in system while we waiting for the goods send back from vendor where not reflected the puchase and inventory? otherwise it will effected the cost of goods sold on particular month

 

Hope to hear from you soon.

Thank you

 

Hi @erin 

Since the cost of ‘Inventory’ should reflect in your books, though item is sent to repair/ rework, I suggest the following : 

  • Create a separate warehouse location for items sent to repair/rework
  • Do a transfer of inventory, and move the inventory  repair/rework warehouse location, when sent back to Vendor for repair / rework.
  • For documentation ( if you need to pay for rework and create an AP Bill), then you can use a debit or credit adjustment document with a non stock item for the repair charges.
  • Move the item back to regular Warehouse location once its received back.

Let me know if this helps.

Regards

 

 

Hi Vkumar

 

Thank you very much for your reply.

Does it mean that if based on the return to vendor to process in acumatica ,   create receipts of the Return type on the Purchase Receipts (PO302000) form. this is for those without repair /rework and it is for refund payment for the return items?

Hope to hear from you soon

 

Hi Vkumar

 

Thank you very much for your reply.

Does it mean that if based on the return to vendor to process in acumatica ,   create receipts of the Return type on the Purchase Receipts (PO302000) form. this is for those without repair /rework and it is for refund payment for the return items?

Hope to hear from you soon

 

Hi @erin 

You are correct. 

Hope this clarifies,

Regards,

Hi Vkumar

Got it.Thank you very ,much!

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