returned to vendor item

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.

thank you for helping me. i have only used a credit memo to do a customer return. how is it done for a vendor return? how do you apply it to the next bill? also i was reconciling my bank statement and i have a whole deposit that is missing. the transactions are in the sales receipt but they show no where else.

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.

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..

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.