When processing a customer return, specifically a credit memo, NetSuite traditionally posts a debit entry to the income account assigned on the item record being returned. You may want to modify this behavior and have NetSuite post this debit to a different account. While this is not possible out of the box, NetSuite has developed the Sales Returning Accounting SuiteApp, which allows you to modify how the system posts these transactions to the general ledger. Let’s take a look at the SuiteApp, which is free, and walk through the setup process.
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Reporting,
NetSuite Partner,
NetSuite How To's,
Accounting,
NetSuite Tips,
Customer Returns,
Credit Memo,
Return Authorizations,
SuiteBundle
New to NetSuite Workflows? These powerful tools automate processes, ranging from simple to complex.
Let's walk through a basic introduction: Imagine you want a field to automatically update based on a transaction's status. In this example, we'll set a checkbox to true when a Sales Order reaches a specific stage.
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Tags:
NetSuite,
ERP,
Project Management,
NetSuite Partner,
NetSuite How To's,
Accounting,
NetSuite Tips,
NetSuite Integrations,
NetSuite Administrator,
Customize,
Inventory Costing,
Netsuite ERP,
Pricing Groups,
Group Pricing,
Netsuite Updates,
NetSuite Features,
NetSuite Support,
COGS,
Costing,
Customer Returns,
Return Costings,
Item Returns
For many clients, managing customer returns is an important business activity. In addition to the logistical challenges of approving customer returns and providing customers with a way to send back defective merchandise, an important consideration is ensuring these customer returns are accounted for properly. When a customer returns inventory, it is important that the cost of that inventory is accurately assessed and captured in the books. NetSuite offers several process options to help manage this which we will review on this blog.
Read More
Tags:
NetSuite,
ERP,
Project Management,
NetSuite Partner,
NetSuite How To's,
Accounting,
NetSuite Tips,
NetSuite Integrations,
NetSuite Administrator,
Customize,
Inventory Costing,
Netsuite ERP,
Pricing Groups,
Group Pricing,
Netsuite Updates,
NetSuite Features,
NetSuite Support,
COGS,
Costing,
Customer Returns,
Return Costings,
Item Returns
