Sales Returns Contra Account

1

I’m new to Manager and just setting up my Chart of Accounts. I’d like to know if it’s possible to set up a “Sales returns and allowances” Contra account to Sales, as described https://accountingexplained.com/financial/revenue/sales-returns.

Sorry if this is covered in a guide or other forum post, I didn’t see it after some searching.

2

Yes. You have to use the inventory module

3

In Manager all inventory module transactions, either Sales Invoices or Credit Notes, use the same chart of accounts so therefore Sales Returns can’t be posted to a sales contra account.

4

Thanks for the help. I’ll look into that. Hopefully it’s at least possible to easily track your refunds amount in Manager.