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Is there a way to change the purchase returned not credited account?

edited Sep 15, 2023 7:08AM in Ask A Guru 3 comments

Hi,

I have created a PO. Then I received it. My items in the PO are inventory items. I want to return the items and close the PO. The invoice from the vendor is not yet received.

When I received the PO my GL impact is:

Debit Inventory

Credit Accrued Purchase


When I create a vendor return the GL impact is:

Debit Purchases Returned not Credited

Credit Inventory


Since I will not create the credit memo, and I don't want to hit my AP account, I want to use Accrued Purchase Account instead of Purchases Returned not Credited Account to close the balance on Accrued Purchase Account.

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