Supplier Returns
Supplier Returns are used to record that stock has been returned to a supplier and is no longer in the inventory files in COSTAR. Once the Supplier issues a Credit Note for this return, these details can been processed on the Supplier Return.
As soon as stock is taken out of the store to be returned to a Supplier, a Supplier Return should be started.
From Order Entry:
- Select Supplier Return
- Click on Add New
- Select the supplier the stock is being returned to
- Add the stock onto the Supplier Return
Click on Menu to leave the Supplier Return in WIP (Work in Progress)
This will commit the stock and therefore on the Stock Check screen it will be taken into account.
When the Supplier issues the credit note for this return…
- Bring up the appropriate Supplier Return from WIP
- Ensure that the costs are correct (remember, Costar holds the cost ex GST)
- Enter the Credit Note details at the bottom of the screen
- Sell the Supplier Return.
The stock will be taken out of the Quantity On Hand levels immediately and the Suppliers account updated during the next Day End.
Related Articles
Cash Purchases of Stock
This help file outlines how to process cash from the cash register being used for the purchase of stock. You will need a Special Item for Cash Purchases set up in your system. If you do not have this Special Item please contact the Support Team. ...Importing Inventory (from Overseas)
This document outlines how to process imported goods in COSTAR. It covers the following five steps: Making payments before goods are shipped Receipting the goods Processing any additional payment of the goods Processing Customs Agent’s Invoices (e.g. ...Inventory Used for Internal Purposes
This help file outlines how to account for inventory that has been used internally by the business. For example, if tyres or parts are fitted to a work vehicle. To account for inventory used for internal business use, the following needs to be ...Exporting, Importing and Renumbering Inventory Items
This help file outlines how to use Microsoft Excel to carry out maintenance on inventory items in COSTAR. Using Excel can make it easier to make bulk changes rather than having to bring up individual items in Item Maintenance. Note: Only people ...Moving Invoices or Credit notes to the Correct Supplier Account
If an Invoice or credit note is processed to the wrong suppliers account it can be easily corrected via AP Invoice Entry. This process can be used for stock invoices and credit notes. From the Suppliers menu. Click New. Enter the Supplied Total. ...