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Menu Path: Procurement > Reports > GRN Listing : Actions > Supplier Invoice Create
Goods Return Process
1.Create Purchase Return as usual, system created Purchase Return (PR) document only, without Credit Memo
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2.After received Credit Note from Supplier, convert the PR to CM
(Note: for this Supplier CM, is Debit Note record in supplier account)
Menu Path: Procurement > Reports > Purchase Return Listing : Actions > Create Credit Memo
| Journal Record |
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Sample of transaction:
Scenario 1:
GRN and SINV same amount (Qty: 2, Unit Price (Exc. Tax): RM 100, GST: TX 6%, RM 6), PR and CM same amount (Qty: 1)
(Notes: GL code depends on the user server configurations, the scenario based on http://wavelet-training.wavelet.systems/emp server configuration)
GRN
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Inventory | inventory | 200.00 | |
| GST Input Not Due | gstInputNotDue | 12.00 | |
| Account Payable In Transit | accPayableInTansit | 212.00 |
SINV
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Account Payable In Transit | accPayableInTansit | 212.00 | |
| Account Payable | accPayable | 212.00 | |
| GST Input Tax | gst_Input | 12.00 | |
| GST Input Not Due | gstInputNotDue | 12.00 |
PR
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Account Payable In Transit | accPayableInTansit | 106.00 | |
| Inventory | inventory | 100.00 | |
| GST Input Not Due | gstInputNotDue | 6.00 |
CM
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Account Payable In Transit | accPayableInTansit | 106.00 | |
| Account Payable | accPayable | 106.00 | |
| GST Input Tax | gst_Input | 6.00 | |
| GST Input Not Due | gstInputNotDue | 6.00 |
Scenario 2:
GRN and SINV with varance amount (GRN: Qty: 2, Unit Price (Exc. Tax): RM 100, GST: TX 6%, RM 6), (SINV: Qty: 2, Unit Price (Exc. Tax): RM 90, GST: TX 6%, RM 5.4),
PR and CM same amount (PR: Qty: 1 Unit Price (Exc. Tax): RM 100, GST: TX 6%, RM 6), (CM: Qty: 1, Unit Price (Exc. Tax): RM 90, GST: TX 6%, RM 5.4)
GRN
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Inventory | inventory | 200.00 | |
| GST Input Not Due | gstInputNotDue | 12.00 | |
| Account Payable In Transit | accPayableInTansit | 212.00 |
SINV
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Account Payable In Transit | accPayableInTansit | 212.00 | |
| Account Payable | accPayable | 190.80 | |
| GST Input Tax | gst_Input | 10.80 | |
| GST Input Not Due | gstInputNotDue | 12.00 | |
| Cost Variance | costVariance | 20.00 |
PR
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Account Payable In Transit | accPayableInTansit | 106.00 | |
| Inventory | inventory | 100.00 | |
| GST Input Not Due | gstInputNotDue | 6.00 |
CM
| GL Name | GL code | Debit | Credit |
|---|---|---|---|
| Account Payable In Transit | accPayableInTansit | 106.00 | |
| Account Payable | accPayable | 95.40 | |
| GST Input Tax | gst_Input | 5.40 | |
| GST Input Not Due | gstInputNotDue | 6.00 | |
| Cost Variance | costVariance | 10.00 |