What are goods received returns?
A goods received return is the process of returning goods to a supplier (Creditor) after initially receiving them through a Goods Receive Note. It was returned before the supplier invoice is raised. The return of goods occurs when you are not exchanging them for other goods due to various reasons, such as an inaccurate order, an over-order, or an unintentional duplication.
Note: Normal process involves: Goods Received Note (GRN) > Goods Received Return (GRR).
Note: GRR only deducts stock quantity when no supplier invoice is raised and no double entry is involved.
How to record Goods Received Returns?
Step1: To record the goods received returns, navigate through Supplier > Goods Received Returns.
Step2: Click on the "New Goods Received Return" button at the bottom right corner.
Step3: Fill up the details to record the returned goods to the supplier.
a) Select the Supplier that you want to return the goods to.
b) Select the Currency used.
c) Select the Date for goods received return.
d) Select the Payment Term that you and the supplier have agreed on.
e) Select the Location (eg. HQ)
f) Write down the Remark of the goods received return raised.
g) You can choose to record the returned goods by using Transfer From Goods Received Note.
The following steps show you how to transfer goods received notes to good received returns.
After clicking on transfer from goods received note,
a) Enter the Goods Received Note No. and search for it.
b) Fill in the Return Qty.
c) Click OK to transfer and proceed.
Step4:
Here's what the completed goods received return looks like.
Note: Remember to click on "Save" to save the record.
As such, you can easily record your goods received return in Treezsoft Accounting in just a few steps.
You can read more on related topics in the TreezSoft blog:
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