Sales/Purchase Return

[aditiadika]

Hai @ekmungai,

what if we have sales/purchase return? because some of our customer may return if the product is damaged. example we sell 100 shirts and then the customer return 5 shirts. how to apply this in this package?

Thanks

[ekmungai]

Hi @aditiadika,

That would depend on whether its a cash or credit purchase. In the case of cash, You would make a JournalEntry with the value of the returned shirts crediting the bank account and debiting the sales account. A credit sales is a bit more complicated, depending on whether the shirts had been paid for or not. If not, a CreditNote for the value of the shirts is enough. If they had been paid for, an additional JournalEntry is needed to record the refund by debiting the client's account and crediting the bank account.

Cheers

[aditiadika]

Thanks for reply @ekmungai ,

But how to create credit note to our vendor(credit purchase) as it is not mention in your documentations, please advise.

[ekmungai]

Hi @aditiadika,

I'm sorry I misunderstood, I thought you were the one selling. In the case of purchases that you have returned, you need to create a Debit Note for the value of the items returned.

Cheers

[aditiadika]

Thanks for reply @ekmungai .