Payables and Cash Management - EBS (MOSC)

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Issue with Accrual for Inventory Account

edited Feb 3, 2011 12:43AM in Payables and Cash Management - EBS (MOSC) 7 commentsAnswered
PO created for 100 Items
Items received – 100

In the above scenario accounting entry flow would be:

Dr Stock Account
    Cr 2513 (Accrual for Inventory Account)

Invoice created for the PO, accounting entry would be:

Dr 2513 (Accrual for Inventory Account)
    Cr Supplier Account


Now, it realized that 10 items have to be returned to vendor, ideally we should receive the credit memo and raise it in ERP.

In AP (Entry for Credit Memo):

Dr Supplier Account
     Cr 2513 (Accrual for Inventory Account)

In PURCHASING (Entry for Return to Vendor)

Dr 2513 (Accrual for Inventory Account)
    Cr…….

Now, when the return to vendor is done system debits 2513 (Accrual Account), is it possible to define/default a separate account for this when the return to vendor is done. In that case we could use the same account to credit when the credit memo entry is done in AP.

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