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Evo-ERP and DBA Classic >> Sales >> How to handle restocking fee
http://www.istechforum.com/YaBB.pl?num=1237389944

Message started by GasGiant on 03/18/09 at 08:25:44

Title: How to handle restocking fee
Post by GasGiant on 03/18/09 at 08:25:44

We have never actually charged our customers a restocking fee, even though we threaten sometimes :)

We are coming to the point where we may need to do this. How does your company do it? Accounting here is thinking of creating a new item code, but that seems odd. Any ideas would be appreciated.

Title: Re: How to handle restocking fee
Post by Dawn on 03/18/09 at 10:48:56

I setup a new GL number as an Income. Setup a Class, then setup a Item number called Restocking Fee pointed it to the new class I created.

I put it directly on the Credit Memo/Invoice under SO-A so the customer can see both the return and the fee by line item. However if it is just a Restocking Fee you can do it thru the AR-B Voucher and pick your GL account number that way as well. [smiley=thumbsup.gif]

Title: Re: How to handle restocking fee
Post by Lynn_Pantic on 03/18/09 at 10:57:57

The RMA module does it automatically but it uses the same approach. Create type N part and a class pointing to the desired GL Account and add as a positive line item on the Credit Sales Order for the return, thus reducing the net credit offered the customer.