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Credits for returnable goods

Posted: 08 Oct 2017, 20:43
by hotshotnz
Sage 50 V20.04.09.364 Windows 7 Pro 64 bit

When we purchase goods from suppliers, we are often charged a returnable goods charge mostly for cartons and pallets.
When the goods are received, the supplier purchase order is updated with these returnable goods so that the purchase order when posted matches the supplier's invoice amount.
Previously, we did not concern ourselves with the quantity of these goods in our stock; they were zeroed out at stock take. Due to a change in the way we account for these costs, we now need to accurately track the quantity of these goods at our location.
Therefore, how do we generate a goods return credit to the supplier that reduces the quantity on hand at our location? Because of the nature of these returnable items, sometimes they may not be returned to the supplier if we choose to use them.
For example, we order 1000 bottles. These arrive in 2 large cartons and on a pallet. Both cartons and the pallet are charged but refundable upon return. They are added to the purchase order and the stock items increase when the purchase order is processed. When the pallet and cartons are returned, they are credited. At this stage, there is no obvious easy way to create a credit return for these goods so that the stock is reduced.

Re: Credits for returnable goods

Posted: 10 Oct 2017, 13:45
by brucedenney
Sell the pallet or whatever back to the supplier using a customer account, then make a contra entry to pay the customer balance against the supplier balance.

Re: Credits for returnable goods

Posted: 12 Oct 2017, 20:03
by hotshotnz
Thanks Bruce - much appreciated.