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You have already learned how to create PO and PO Receipt in the previous Free Accounting Tutorial lessons.
In the current lesson of the Free Accounting Tutorial you will learn how to return the items that you do not need to the Vendor. You will also learn how to add Vendor Return PO into the Free Accounting application. |
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The reasons for the return of the items to the Vendor can be numerous.
Note: The Return can be possible only on condition that the terms are discussed and the return is allowed by the Vendor.
You placed the purchase order for 10 BG of Paper Towels from the SAMPLE VENDOR for $50.00. 2 BG of curtains were defected and you do not need the damaged goods - you want to return them to the Vendor. By mutual agreement you have to return the damaged items, and for this you need to create a Return PO document.
Take the following steps to make a Return PO:
- Press
on the Commands Panel, select 
Return PO in the Navigation Pane, right click in the working pane and select Add.
- Select Betco Corporation from the drop-down list in the appeared window.
- Highlight the 0000000001 - Purchase Order Receipt.
- Press the Ok button.
- Set the quantity that you want to return to the Vendor - 2.
- Enter the reason of the return - damaged items.
- Press the Approve button to finalize the document.
Note: The total amount of the Return PO is to be paid back by the Vendor.
Purchase Order Return is an inner document of the company. After its creation no transactions appear in Free Accounting MTL.
To perform the actual operation of returning you have to create a Return PO Receipt in the Free Accounting applicaton. You will get the guidelines on how to do it in the next lesson.
