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Purchasing Return Types - Return or Return with Credit

  • 1.  Purchasing Return Types - Return or Return with Credit

    SILVER CONTRIBUTOR
    Posted Aug 10, 2021 09:48 AM

    What are the differences between using a purchasing return or a purchasing return with credit? And when should one be used over the other?

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    Mary Ellison
    Business Systems Analyst
    Blommer Chocolate
    Chicago IL
    mellison@blommer.com
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: Purchasing Return Types - Return or Return with Credit

    GPUG ALL STAR
    Posted Aug 10, 2021 09:54 AM
    Hi @Mary Ellison

    Great Question!!

    There are actually 4 types of return, but one set of two is for inventory transactions.

    The two you are asking about are here:

    Return:  You simply want to return the items to the vendor, but the vendor is not giving a credit for the items
                                         Perhaps you already paid the invoice and just want to return and exchange the items for the same or more expensive
                                         This one just does not give the vendor a credit on their invoice
                                                     Use this one if you've received but have not paid for the items yet

    Return w/Credit:   You have already paid the invoice for the items but need to return them with no anticipation of  a like-kind exchange on them
                                                     Use this one if you are anticipating a credit for the items from the vendor - this will create a credit useable on other invoices



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    Jo deRuiter
    🌟 GPUG ALL STAR
    💫Granite Award Winner
    Atlanta Chapter Leader
    Aisling Dynamics Business Solutions
    Business Applications Practice Manager
    jo.deruiter@aislingdynamics.com
    9518674366
    aislingdynamics.com
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 3.  RE: Purchasing Return Types - Return or Return with Credit

    SILVER CONTRIBUTOR
    Posted Aug 10, 2021 10:01 AM
    Thank you very much Jo - that makes sense! - Just wondering about the other 2 types of returns for inventory how do they work?

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    Mary Ellison
    Business Systems Analyst
    Blommer Chocolate
    Chicago IL
    mellison@blommer.com
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 4.  RE: Purchasing Return Types - Return or Return with Credit

    SILVER CONTRIBUTOR
    Posted Aug 10, 2021 02:28 PM
    Jo - one last question - the business user doesn't want the credit that was created as a result of using this return type. Can they just void this credit and it will leave the return in tack?

    Return with Credit - "Use this one if you are anticipating a credit for the items from the vendor - this will create a credit useable on other invoices"

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    Mary Ellison
    Business Systems Analyst
    Blommer Chocolate
    Chicago IL
    mellison@blommer.com
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 5.  RE: Purchasing Return Types - Return or Return with Credit

    Posted Aug 13, 2021 04:55 PM
    Jo

    So we used Return with Credit & Inventory with Credit.

    My questions is once entered and credit is received but the amount is different then anticipated do to a restocking fee. How can I change the amount of the credit to reflect this?

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    Mike Bottigliero
    Cook Illinois Corporation
    Oak Brook IL
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    Academy - Online Interactive Learning from Experts


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