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Evo-ERP and DBA Classic >> Suggestions for Updates >> Defaults for IN-C
http://www.istechforum.com/YaBB.pl?num=1251414221

Message started by Prier Products on 08/27/09 at 16:03:41

Title: Defaults for IN-C
Post by Prier Products on 08/27/09 at 16:03:41

We use IN-C when processing returned goods. When the customer returns the item and they are issued a credit, inventory is replenished during invoicing. We then examine the item to see if it really belongs in stock. We may dissassemble it and scrap any defective parts. We'd like those parts to go to a scrap account, not COGS. There is not a place to do that in AM-C or AD.

Title: Re: Defaults for IN-C
Post by cathyh on 08/28/09 at 07:51:12

When we scrap a finished good we generally use a journal entry, where the asset can be expensed ~~to COGS or~~ any other account we choose. I don't know another way to do it, so if there is one I would be interested to know also.

What I meant to say is after we adjust out the item in IN-C, we move the expense to a different account as needed using a journal entry.