The following describes the accounting transactions the system creates when you return fictitious products to your supplier and the cost price is Standard cost. Fictitious products are those where the Fictitious product field is set to YES in the Item file.
Prerequisites
| Returned quantity | 125 |
| Purchase price | 15.00 |
| Standard cost in Item file | 50.00 |
Created transactions
| Transaction type | Description | Amount Debit |
Amount Credit |
Calculation/Result/Additional info | |
|---|---|---|---|---|---|
| 903 | “Stock value” fictitious product | 6250.00 |
This transaction decreases the “Stock value”. Note: Normally you should not account transaction type 903 on the same account as transaction type 901/902 in Financials. Since the stock value in Distribution is not updated for fictitious products you will never be able to reconcile the stock account in Financials with the stock valuation list in Distribution, if you account these three transaction types on the same account in Financials. |
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| 931 | Return to supplier | 1875.00 |
This transaction is the return value. Tip: This transaction type can, for example, be accounted on the same account in Financials as the 930 transaction type. The amount on this Purchase account will then be the net purchase value. |
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| 945 | Gain/loss returned goods | 4375.00 |
This transaction accounts the difference between the “stock value” and the return value. This may be regarded as a gain/oss for the returned goods. In this example it is a loss. Transaction type 945 can, for example, be accounted as the transaction type 813. The transaction type 813 is used for price differences in the Invoice matching routine in Financials. For more information see Overview of accounting transactions during supplier invoice matching. |
If no Standard cost exists in the Item file, the following transactions will be created.
| Transaction type | Description | Amount Debit |
Amount Credit |
|---|---|---|---|
| 903 | “Stock value” fictitious products | 0.00 | |
| 931 | Return to supplier | 1875.00 | |
| 945 | Gain/loss returned goods | 1875.00 |
Related topics
- Overview of accounting transactions for goods return
- (Accounting) Return goods from normal stock
- (Accounting) Return goods from the non-conforming stock
- (Accounting) Return fictitious products from normal stock with Average Purchase cost/FIFO
- Overview of accounting transactions during supplier invoice matching