Return/Found Inventory

Inventory>Utilities>Return/Found Inventory

This routine allows inventory to be entered without posting a payable. Returns can ONLY be made into an open GL period. This routine will automatically post the correct amount into Cost of Goods Sold (credit) and Inventory (debit).  This routine is recommended for inventory returned on orders that were not run through RFMS Customer orders or inventory found with an unknown origin.

The Invoice Number will be set to "RETURN/FOUND". Initially, this routine will have a Level 1 password set.

While this routine is a simple way to re-enter merchandise returned from customer orders, entering a negative line on the original customer order will return the material to inventory, adjust the balance of the customer order, and affect commissions and sales reporting.  If the original order is job costed in a closed period, another order could be entered with the negative line. To keep the two orders together, they could be grouped into a billing group.