Return an Item action
To return an item, select Issue Current Item from the Select Action menu.
The date and time is used in the Entered Date field on the Issue Current Item page to determine the financial period for the transaction. The Entered Date field defaults to the system date and time.
When you click Save, ISSUETYPE = RETURN is written to the MATUSETRANS table.
When returning an item, the GL accounts remain the same as the issue transaction that is being returned. The sign of the line cost is changed to a negative to reverse the financial amount of the transaction.
Example
Return 4 bearings at $0.50 (issue cost).
Source GL account | Debit | Credit | Source of GL account |
---|---|---|---|
|
4 x $0.50 = -$2.00 | 4 x $0.50 = -$2.00 | Inventory control account |
If you capitalize the item, the default debit account is the capital GL account, and the line cost is zero.