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Difference of GL Impact between Stand-alone and Created from Bill/Vendor Authorization Bill Credits

edited Feb 25, 2022 10:58PM in Accounting / ERP

When creating a Bill Credit, Users notice that the GL Impact differs from Stand-alone Bill Credits and Bill Credits created from Bill/ Vendor Return Authorization.

Stand-alone Bill Credit generates a GL Impact for Accounts Payable and Inventory

However, Bill Credits created from Bill/ Vendor Return Authorization have GL Impact of Accounts Payable and Purchases Returned Not Credited.

According to SuiteAnswers Article ID: 12251, Purchases Returned Not Credited Account is used as a "suspense" account to record the return of items through Vendor Return Authorization. 

This account is debited for every Item Fulfillment representing shipment of Items to the Vendor and is credited when related Bill Credit is recorded. And if both transactions are recorded within the same period, the account zeroed out.

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Ely Gulen-Oracle | Ask A Guru ?️

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