In the past, Return Merchandise to Vendor Entries (4.2.1) were not posted to General Ledger when you answered “Yes” to down count Inventory QOH. This caused a discrepancy between the inventory value and GL inventory value. The cost value was being trapped in the Return Comment (which can be printed with PR) but the customer would have to look at this and do a manual journal entry for the cost. The Return Merchandise Setup is an enhancement to automate this entry.

The new menu selection (4.2.4) Return Merchandise Setup has 2 prompts.

1. In field one you will enter a <Y> if you want a Journal Entry automatically created when you post Return Merchandise Entries and answer <Y>es to down count QOH.

2. In field two, you enter the General Ledger Account to Debit when posting Return Merchandise Entries. The Inventory Account to be credited will be determined in the following order: First the Inventory Account setup in Inventory Entry, Second in Receiving Setup, and Third in AR Setup. The Inventory value will be calculated at Average Cost at the time of posting.

3. In field three, you enter a <Y> if you want a prompt for question to down count Defective QOH when posting the Returns.