Return Items to Inventory

If you select this credit type or debit type for a detail line, you enter the number of items returned in the Quantity field. The program calculates the extended amount (quantity returned multiplied by price).

If you selected an existing invoice number, the displayed cost is the cost of the sold item. If the invoice number was blank or non-existent, the program displays a unit cost for the item based on the item's costing method. The costing method is one of the following:

• Most recent cost

• Standard cost

• Average cost — for average, LIFO, and FIFO costing methods

You can edit the item fields that are not dimmed if you need to. For example, you can edit the price or the extended amount.

Quantities on hand in Inventory Control are adjusted when you post the credit note.