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What can be regarded as a best practice for the return of a consignment item which was received as a 'Shipment'?
Regards
Rosemary
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Good day,
What can be regarded as a best practice for the return of a consignment item which was received as a 'Shipment'?
Regards
Rosemary
Thank you very much for your response Becky, the items are being received as an Inventory item via a PO. In that it was not set up to go to a Consignment Inventory account.
It is being treated as an Inventory item. When received as a 'shipment' it goes to the accrual account, if the item is sold we will take the 'Enter Match\Invoice' option, to update payables. If it not sold after a specific time it is returned to the supplier.
This return is expected to not impact payables, yet reduce inventory, am I making sense.
Regards
Hello Rosemary,
If you consignment is a non-inventoried item, you can just do a PO return to return the item.
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