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training:rma_sending_item_to_supplier_and_supplier_returns_a_check0808261146

Problem Description

What process to use to record a check set by a supplier as payment for a defective item that was returned under warranty.

Solution

The following tutorial describes the set up and process used to track defective items as an RMA (Return Merchandise Authorization) until you receive a check from your supplier for the value of the item. Once the check is received, the item is transferred out of your inventory as a receivable (in the supplier's name), then a CONTRA is done to move the receivable over to payables, and the check is then posted to the bank.

rma_sending_item_to_supplier_and_supplier_returns_a_check0808261146.flv

Created by Harry Czerednikow at 8/26/2008 11:46:26 AM

training/rma_sending_item_to_supplier_and_supplier_returns_a_check0808261146.txt · Last modified: 2021/01/15 08:08 by dlauron