Cash Sales Return

[Former Member]

Dear All

we have Cash Sales but the customer returns after some days then how we should process this document.

cancellation of cash invoice, dose it effects the inventory or its just offset the accounting posting.

plese give the solution for this.

Thanks for advance.

[Former Member · Accepted solution]

Hi

You create a return document (RE). If the unit is returned after some period of time (around 7-10 days) we can decrease the credit to customer using restocking fee. The inventory will equivalent increase same it was decreased unless the standard price has changed which also will be small and price variance generally gets posted to PPV accounts which are monthly approved by Finance. The credit to the customer can be given as bank transfer or cheque. The normal return delivery (LR) and credit for returns (RE) can follow to complete the return transaction.

Reward points if it helps.

Kind Regaards

Sandeep