Forum Message

Sales Returns

Hi,

Can I account for 'Sale returns' separate from 'Sales income' not just deducted i.e. credit notes are deducted from sales but not shown in the 'Trading and Profit and Loss Account', but a sale and then the return of all or part as a credit note needs to be accounted for separately as a 'Sales return' then deducted from sales to show net sales - is this possible?


Posted by Ian on Jun 19, 2009 2:07 PM BST

Hello Ian,

Yes - to show the returns separately, create a new Income account called 'Sales Returns', then use this account when you create a Credit Note.

Cheers


Posted by Mark McLaren (Solar Accounts) on Jun 19, 2009 2:07 PM BST

Many thanks!


Posted by Ian on Jun 19, 2009 8:09 PM BST