When goods are returned to a vendor, the return is recorded against a receipt in the Purchasing module of the NCAS. The NCAS debits the Reserve for Inventory account (event ID A020) and credits the Inventory asset account (event ID A010) for the return. (Refer to the Receipt Reversal transaction in the Accounting Activities Table.) The transaction amount is the quantity returned multiplied by the PO unit price applied to that receipt. The GL effective date for a return is the date the return is processed.

Note: The transaction described above is also created when a receipt is deleted in the Purchasing module.

To locate the accounting entry generated by the system for a return, refer to the Valued Transaction Register by Warehouse Report (RVTRW).

The Valued Transaction Register by Warehouse Report (RVTRW) is located in RMDS in the report group IN261-1. For more information on accessing RMDS reports, refer to Viewing and Printing RMDS Reports.

For example, your warehouse returned two tubes of antiseptic burn ointment to the vendor because the tubes had been damaged during shipping. The return was processed in the NCAS today. The system uses event IDs A010 and A020 to generate the following accounting entry within the XXMEDICAL group account:
 

	Debit	Credit
Reserve for Inventory (XXMEDICAL)	4.00
Inventory (XXMEDICAL)		4.00

 
Note that the transaction amount is the quantity returned to the vendor (two tubes) multiplied by the PO unit price applied to the receipt ($2 per tube). The GL effective date for this transaction is todays date.