Creating G/L Entry for Sales Returns
The Sales Return Accounting SuiteApp creates additional G/L entries for sales returns. Currently, the supported transactions are credit memo and cash refund.
G/L Entries for Credit Memo/Cash Refund
When a credit memo or cash refund transaction is saved for a sales transaction, the SuiteApp performs the following:
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Copies the G/L debit entry for the mapped sales return account.
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Creates a corresponding adjustment G/L credit entry in the sales account.
To view the G/L entries for sales returns, open the credit memo or cash refund transaction record, and then go to Actions > G/L Impact.
The SuiteApp also works for transactions imported through CSV or Web Services.