Purchase Return (Installment Item)
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A purchase return, often referred to as a return of products, is a transaction where a buyer returns previously purchased items to the seller. This could be due to various reasons such as dissatisfaction with the product, receiving damaged or defective products, or overstock. The seller typically issues a refund or credit to the buyer for the returned items, and the transaction may involve adjustments to stock and accounting records to reflect the returned products.
Add Purchase Return
To create a purchase return for an installment product, go to the Purchase Return section.
From the left sidebar, expand the “Purchase Return” menu.
Click on the “Add Purchase Return” option.
This will open the form to record the return details.
Expand the Purchase Return menu from the sidebar
Click on Add Purchase Return option
Access the return form for installment product
Proceed with entering the return details
First select the supplier.
Then select Status, Here stocks and accounts work differently based on status.
If you select status “Taken by supplier product not returned” the product will be removed from the stock and there will be no change in the account.
If you select status “Taken by supplier money returned” the product will be removed from the stock and Money will be added to the account.
If you select status “Taken by supplier product returned” There will be no change in stock and account.
While making the purchase return, when the “Status” is taken by supplier money return, you will get an “Account” field, from the account field select an account through which the “Purchase Return” money is being taken.
Next, you need to choose the product for the purchase return.
Expand the Items field to view the available products.
Select an Installment Type Product from the list.
For example, here “LG GL-T402JDSY” is selected as the installment product.
Expand the Items field
View the list of available products
Select an Installment Type Product
Example: LG GL-T402JDSY
After selecting the “Installment Type” product you will see a popup modal, Enter the Quantity in the Quantity field and enter the purchase return price in the Unit Price field.
Suppose you want to purchase return a product whose price per unit is 40000 amount, So if you purchase return 2 quantity then just put 40000 amount in unit field not 80000 amount.
NB: You just put the single unit price of the product.
NB: The purchase return quantity must be entered in the sale unit.
After adding the products, they will appear in the cart section.
The cart will display each product you selected for return.
You can review the items, quantities, and prices inside the cart.
It will look similar to the snapshot shown below.
Products appear in the Cart Section
View selected items with details
Check quantities and prices
Cart matches the shown snapshot
Finally, complete the purchase return form by filling in all required fields.
Carefully review the entered details before saving.
Once everything is correct, hit the Submit button.
This will save and finalize your purchase return.
Fill in all Required Fields
Review the entered details
Click on Submit button
Save the purchase return successfully