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Small and medium business | Business Central, N...
Answered

Sales Credit Memos

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Posted on by 12

Good day, we have a scenario that we are asking for assistance with:

1. Customer buys and pays for product - sales invoice is raised and payment method is populated as CASH, and sales invoice is posted.

2. Customer comes back and returns a product from the above. He requests that instead of a refund, he would like the incorrect product credited and that we use the credit to fund the correct product he would like to buy.

3. The new product is more expensive and so the credit does not fully cover the cost of the new correct item so he will have to do a top up payment as well for this.

How would we process this transaction?

Thanks

SD

  • Suggested answer
    IB-29041624-0 Profile Picture
    1,191 Moderator on at

    The easiest way is to replace step 2 and 3 with creating a sales order that have one line with the new product with 1 in qty.

    Then on the same sales order you create a line with the old product with -1 in qty.

    Then you sales order will show the net payment your customer needs to do. And you will have one receipt for both the return and the new sales.

  • Wspares Profile Picture
    12 on at

    Yes thanks this seems like a viable solution, if I may confirm though, in terms of the finance side of things, this should work as well? In other words all relevant ledgers etc, will be corrected in the process?

  • Suggested answer
    IB-29041624-0 Profile Picture
    1,191 Moderator on at

    Yes, this should work for every aspect of the process.

    Please circle back if you have any more questions around the details.

  • Wspares Profile Picture
    12 on at

    Thanks

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