Use Returns GL Posting Code F/M to specify the GL accounts for the posting code for return lines. You can assign a GL Posting Code to a return line to indicate the GL accounts for posting. This enables you to determine how customer and vendor returns, via the Daily Sales Register (DSR), post to general ledger (GL), if at all. It contains information (such as journal and account numbers) that the system references in performing the automatic posting of SO Daily Sales Register data to the General Ledger during the Daily Sales Register Update. This program only allows you to use General Ledger numbers that are already set up in the General Ledger Account F/M program.
If the GL Posting Code is left blank then the SO to GL Posting F/M will be used.
You can create the Returns GL posting code and indicate the GL accounts for Returned Inventory, Customer Returns, Returned Cost of Goods Sold, Scrap Inventory, Scrap COGS, and Warranty COGS.
Do not make changes to this program without the approval of your company’s Accounting Manager or Controller.
For more detailed information on file maintenance programs, consult the following topics.