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ISTech Support Forum › Evo-ERP and DBA Classic › Sales

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How to handle restocking fee (Read 700 times)

GasGiant Administrator How can I help? Posts: 1523 Gender:	How to handle restocking fee 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.
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Dawn

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Re: How to handle restocking fee
Reply #1 - 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

Dawn
Classic - 7/5/10 update

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Lynn_Pantic Administrator evolution (n) - gradual change to a different form Posts: 5681	Re: How to handle restocking fee Reply #2 - 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.
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ISTech Support Forum › Evo-ERP and DBA Classic › Sales

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