Inventory                                         Return to Vendor

  Return to Vendor

The Return to Vendor option is used when parts are being sent back to a Vendor and a credit is expected for the parts return. 

When a Part Return is saved, the G/L account assigned to the Warehouse selected on the Part Return form is credited and a debit is posted to the Inventory Receipts account.  When the Credit Memo is received from the Vendor, it is matched to the Part Return record and turned into a Vendor Credit.  Once the Vendor Credit is saved, the application will credit the Inventory Receipts account and debit Accounts Payable.

Follow the steps below to return a part to a Vendor.

1.  Navigate to the Main Application Menu and select the Return to Vendor option from the Inventory module.

2.  The Parts Return form will be displayed.  The data entry fields for this form will be described on the next page.

FRM 7017-1

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