Jiwa PO’s – Supplier Return Codes

In this article we look at Supplier Return Codes.

This article is a prerequisite to the articles covering the Supplier Return process in Jiwa.

The intention is to provide you with an understanding of each of the default codes that are set-up in your system and how each code impacts the Inventory, Creditors and General ledgers.

 

Supplier Return Codes & Return Types

Each Supplier Return Code that is created is linked to a Return Type, return types are fixed and cannot be created or edited.

When your Jiwa database was implemented six (6) default return codes are set-up each linked to one of the six (6) available return types.

Return types control the return process in Jiwa so it is important to have a clear understanding of how these return types are used by the system.

 

Return

The Return type is used when stock is being returned to the supplier for credit.

The following ledger updates are completed;

  • Quantity on Hand is reduced
  • Credit note is created against the creditor
  • The Inventory and Creditors control accounts are updated in the General Ledger
  • Any differences between the return value and the credit value is posted to the Cost Price Adjustment control account from the inventory item