Drop-Ship Vendor Returns: Generated Transactions
When you process a drop-ship vendor return, you create and process a debit adjustment and credit memo. To update customer and vendor balances, the system generates the GL transactions described in the following sections.
Transactions Generated for a Debit Adjustment
When you create and release a debit adjustment, the system generates the following general ledger transactions.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Accounts Payable account | Vendor | Amount | 0.00 |
| Purchase Accrual account | Settings on the Posting Classes (IN206000) form | 0.00 | Amount |
Transactions Generated for a Credit Memo
When you create and release a credit memo, the system releases an inventory issue, which generates the following general ledger transactions.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Purchase Accrual account | Settings on the Posting Classes (IN206000) form | Amount | 0.00 |
| COGS account | Settings on the Posting Classes form | 0.00 | Amount |