Austlink Help Centre

Follow

Jiwa Creditors - Returning Goods for Credit - Foreign Currency Account Jiwa 6

This article is only applicable to those still using Jiwa 6.  

For Jiwa 7 users please refer to the articles on Supplier Returns.

The procedure to return goods to an overseas foreign currency account supplier is different to accounts which are based in Australian dollars.

Basically the procedure requires you to complete the following three steps:

Supplier Returns to FX Creditor

  • Create a Stock Transfer Out to External - writing off the stock (i.e. removes the stock)
  • Create a credit note posting to the stock write off account
  • Allocate the credit against the relevant invoice

 

So our first step is to transfer the stock out from the stock item to "External". Create a stock adjustment for the part you want to return. This will effectively write off the stock.

JiwaReturnStockFXSupplier01.png

 

The Write off / stock adjustment account used is defined in the stock Classifications. The stock item will have been allocated a classification. If you go to that classification you will be able to see the account that the stock will have been written off to.

JiwaReturnStockFXSupplier02.png

Our next step is to create a credit adjustment note for the creditor. We allocate it against the write off / stock adjustment account we discovered above.

 

JiwaReturnStockFXSupplier03.png

 

The credit adjustment note we created will show up against the supplier. You can allocate it to an outstanding invoice from this screen. 

JiwaReturnStockFXSupplier04.png

This is the General Ledger effect of our transactions. The stock transfer (write off) is balanced out by the credit adjustment note.

 

JiwaReturnStockFXSupplier05.png

The video below will take you through all the steps:

 

 

 

 

This video is best seen on the full screen. Just click on the icon at the bottom right of the video (see image below).

To exit full screen just press escape 

 

VideoFullScreen.jpg

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments

This entire document, including design, text, videos,graphics, and photographs are Copyright © 2014 Austlink Plus Pty Ltd, All Rights Reserved.
No part of this document may be reproduced in any way or by any means for commercial or any other purposes, without prior written permission of Austlink Plus Pty Ltd. Use of any data for the purpose of creating promotional materials or producing a printed or electronic catalog of any kind is expressly forbidden without prior written permission of Austlink Plus Pty Ltd.

Powered by Zendesk