returned to vendor item

Hi

I run a pet retail store and occasionally have to return an item to vendor. So then I adjust the quantity on hand to the cogs account. but then when i make my next order they deduct the credit off the total. So I have just been adjusting the item prices to balance the check but I feel this is affecting my profits totals. I'm not sure what to do.

kyle

Reply to
Hot DOGity Do's
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Instead of using an inventory adjustment issue a vendor credit memo for the quantity returned. Use the current price of the product on that CM. Then apply that CM to your next bill from the vendor.

Reply to
Laura
Reply to
Hot DOGity Do's

To create a vendor credit use Enter Bills but select Credit option at the top of the screen. Then when you go to pay bills and select a bill to be paid you will see that there are credits available for that vendor. Click on the "Set credits" button to apply the credits to that bill.

As for your missing deposit....open the sales receipt from the customer center. Look at the bottom of the sales receipt for the "deposit to" menu option. If that box exists then change the account to your bank account.

If the box does not appear then your deposits are going to the Undeposited Funds account. You need to use the Make Deposit option under Banking to group the payments into a single deposit before posting them to the bank account.

Reply to
Laura

ok so i havent yet tried to use the vendor credit but on the missing deposit.. under the customer file it says it went to undeposited funds but is not in make deposit options and when i pull up the deposit reports they are no where..

Reply to
Hot DOGity Do's

When you open the Make Deposits screen hit the Payments button to see if any transactions are available to be deposited.

Use the Find function found under Edit to search on the customer or amount to see both sides of the transaction.

Reply to
Laura

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