I returned a piece of inventory that we had made payment on in a prior fiscal year. I returned the piece of inventory which created an open return transaction. I have the check that was given to us for the returned inventory. Is there a way to put in that payment and apply it to the open return? Thank you
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Just to try for clarification first.
1. you received item from supplier and paid for it in Fiscal Year 1
2. in Fiscal year 2 you sent the item back to the supplier
3. in Fiscal year 2 you receive a refund check from the supplier
So, your inventory shows that the item was in and out of inventory - check that is correct
Now you want to know (1) how to record the Refund CHECK from the Supplier (2) how to close off the RETURN document on the Supplier record.
Is that about correct?
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