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Use Microsoft Dynamics GP Inventory Returns Part 1 (video)
If you use Microsoft Dynamics GP Purchase Order Processing (POP) to receive Inventory Items, you may need to occasionally return some of these items to the Vendor (or Supplier) you purchased them from. The Purchase Order Processing module can handle this for you using the Returns Transaction Entry window.
Originally Posted 1/13/13
If you use Microsoft Dynamics GP Purchase Order Processing (POP) to receive Inventory Items, you may need to occasionally return some of these items to the Vendor (or Supplier) you purchased them from. The Purchase Order Processing module can handle this for you using the Returns Transaction Entry window.
Type:
Return: This type allows you to reduce your Inventory quantities and inventory value.
Return w/Credit: This type allows you to reduce your Inventory quantities and inventory value AND issue and post a return in payables to reduce the amount you owe your vendor. If you choose this option, you will still need to manually apply the return to the appropriate invoice using Apply Payables Document.
Check Boxes:
Replace Returned Goods: Checking this box indicates that you expect to receive replacements for the goods you are returning. If the original Purchase Order has not been moved to history, the quantity you expect will be added to the PO. If the PO has been moved to history, a new PO will be created.
Invoice Expected for Returned Goods: If your vendor will issue an invoice for the original amount, a credit memo and another invoice for the new amount (if you choose to replace the goods) then check this box. If you choose the type “Return w/Credit” this option will be checked and dimmed out so you can change the field.
Belinda Allen (Microsoft MVP) is both a Microsoft Certified Professional for Dynamics GP (MCP) and a Microsoft Certified Trainer (MCT). She is also the co-founder of Smith & Allen Consulting, Inc. (www.saci.com), a business management software consulting firm for over 24 years.
Belinda began implementing ERP systems so long ago that Windows was not an operating system, but an application. Larger businesses used old Main Frames with monitors that were Green and Black and smaller business did accounting by hand. Having seen the evolution that has taken place over the years from pieces of paper to analytics, Belinda still gets excited every time she helps a business improve.
Belinda is also well known for her Blog www.BelindaTheGPcsi.com. Her blog is about sharing really useful information about the product quickly and succinctly. She has earned the nickname GP CSI because she excels at reviewing GP problems and figuring what went wrong and why. With followers all over the Globe she is able to share knowledge and achieve her mission: “To Improve the Lives and Business Success of my Followers.”
In her time off, Belinda enjoys sailing, woodturning, crochet/knitting, sewing/quilting, reading and playing the ukulele (Belinda often participates in Ukulele Jams in NYC.)
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Belinda Allen, Microsoft MVP Business Solutions 
One thought on “Use Microsoft Dynamics GP Inventory Returns Part 1 (video)”