I would like to know how to pass entry for RMA (RETURN MATERIAL AUTHORIZATION)?
We sell a computer component to our client and if its faulty, they send it back to us for replacement or repair.
We then send the faulty component to our vendor for replacement or repair.
And in the meantime, if we have the same component in stock, we will send that component to our client
and when the repaired / replaced component comes back from our vendor, it will be as our stock at hand.
Now, how do i pass the entry for the same:
- Inventory came back from Client
- Inventory send to our Vendor
- Existing Inventory send to Client as replacement
- Inventory came back from our Vendor.
Also, some time we detect the faulty Inventory before sales and we send for RMA to our Vendor.
How this will be entered in Manager?