New updated version does not recognize free inventory quantity received from supplier, However in previous versions, it was working good.
Can you please see this issue?
I am facing trouble now.
If you receive free inventory from a Supplier then use the Debit Note tab and enter the Qty with a minus sign in front (-4) and zero value
Inventory Item
Credit Notes can now only be used with Customers
Why not use purchase invoice with positive quantity but zero cost?
Because the stock transaction doesn’t get recorded, it ends up in no man’s land. Invoice dated 7th for qty 6 so should appear between the 6th & 8th on the Inventory
Inventory
Even though the Invoice is listed under the Supplier
Seems like there is some flawed logic somewhere.
In previous versions (hardly 1 month before) this issue was clear, if we enter stock with zero cost- stock was being increased. But new released version not working properly.
Sameer
I can see the issue. Obviously this was always meant to work on purchase invoices too. Fixed in the latest version (16.7.14).
Yes, I tried now. It is correct as I said.
Thank you dear.
Firstly thank you for your labours in providing a great piece of software. As a very small business this is an invaluable tool.
This is my First post for help, and trust I have not overlooked a forum thread where this may have already been covered. My Question:
Return of Stock to a Supplier and receiving Money back in from the Supplier for the returned items.
After entering a “Debit Note” against a Supplier to adjust stock levels, what is the prescribed method to deal with receiving Money back into my Bank Account?
Do you enter a “Receive Money” transaction against the Cash Account, the money was returned as a secondary transaction to the Debit Note?
Are there any ways to link the Debit Note to the Cash Receipt so that the information regarding the Debt Note is included into the “Receive Money” receipt record?
Have you read the Guide?
https://forum.manager.io/t/debit-notes-for-supplier-returns-and-refunds/7426
Hi Tut,
Thanks for your quick reply.
I had read aspects but had not drilled down far enough obviously to read this.
Yes, Self-Explanatory. I will now need to delete the Debit Notes I have already made and change them all to Receive Money transactions.
Thanks for pointing me in the right direction!
No you should not necessarily. And the Guide does not say to do that. Read the description of what a debit note does more carefully.
The debit note records a credit note from the supplier. It adjusts inventory for the reduction in your stock and adjusts the supplier’s subaccount in Accounts payable. But it does not record the receipt of money from the supplier. That must be done in a second transaction posted to Accounts payable.
If you record a normal Receive money transaction, Manager will interpret it as a sale. So if you go that route, you must enter the quantity as a negative number. (I am going to edit the Guide to make that fact clearer.)
In summary, if you purchased the item originally via a purchase invoice, you should use a debit note and subsequent receipt transaction to record the return. If you bought it via a cash payment, you should use only a cash receipt.
Yes and if it is unclear, for the Account use Accounts Payable + Supplier
To be extra clear, allocate the cash receipt to Accounts Payable when you have used a debit note first.