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.
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.
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.
The credit adjustment note we created will show up against the supplier. You can allocate it to an outstanding invoice from this screen.
This is the General Ledger effect of our transactions. The stock transfer (write off) is balanced out by the credit adjustment note.
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