Returned Inventory question

May 17, 2005 1 Replies

When we take items back from Customers we do not want them put back into our Inventory of items availabe for sale... instead, we want them put into an account called "Returned Inventory"



The Credit Memo in QB Basic returns them to our regular inventory account.



Can I modify this so we may use the Credit Memo for returned items or must I use a Journal Entry... or is there a better way?



thanks for any help - Will


If the item is not available for sale, then it's not really the same item. Use a different name for returned items - maybe use a similar name with "-R" appended - and assign these items to a different account.

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required