usage:poreturn
Differences
This shows you the differences between two versions of the page.
| Both sides previous revision Previous revision Next revision | Previous revision | ||
|
usage:poreturn [2015/03/25 23:50] mueed |
usage:poreturn [2015/05/15 04:27] (current) mueed old revision restored (2015/03/25 23:50) |
||
|---|---|---|---|
| Line 1: | Line 1: | ||
| ====== Purchase Return ====== | ====== Purchase Return ====== | ||
| - | Goods purchased are returned for various reasons, mostly for quality fail/ defective piece. | + | Goods purchased are returned for various reasons, mostly for quality fail/ defective piece. Purchase Return Transaction can be entered with Ref. to any Confirmed GRN.\\ |
| - | \\ Return can of three types: \\ | + | \\ Purchase Return can of three types: \\ |
| * Exchange/Replace [Usually no monetary transactions are involved, Vendors replaces the faulty piece] ((Only Stock position in IM should be taken in consideration in my opinion. Replacement should be treated as an extension of GRN. Replacement transaction freezes the stock to be used until replacement arrives. Once replacement arrives, Receive is documented against the same GRN and stock is ready for taking.)) | * Exchange/Replace [Usually no monetary transactions are involved, Vendors replaces the faulty piece] ((Only Stock position in IM should be taken in consideration in my opinion. Replacement should be treated as an extension of GRN. Replacement transaction freezes the stock to be used until replacement arrives. Once replacement arrives, Receive is documented against the same GRN and stock is ready for taking.)) | ||
| * Return [When vendor fails to replace the faulty piece, monetary settlements are made and goods returned to the Supplier] | * Return [When vendor fails to replace the faulty piece, monetary settlements are made and goods returned to the Supplier] | ||
| Line 11: | Line 11: | ||
| * Approve | * Approve | ||
| * Issue Debit Note [Post to GL] | * Issue Debit Note [Post to GL] | ||
| - | | + | * For Exchange: Receive Confirm [Post to GL] |
| Line 42: | Line 42: | ||
| + | ==== Receive Confirm (Exchange)==== | ||
| + | |||
| + | For Exchange type returns, There should be NO monetary transactions. But for better clarity A voucher is created like Return on Issue DN. That Voucher is reversed when exchanged goods arrives by clicking Receive Confirm | ||
/srv/www/htdocs/wiki/data/attic/usage/poreturn.1427327418.txt.gz · Last modified: 2015/03/25 23:50 by mueed
Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International
