Odoo is the world's easiest all-in-one management software. It includes hundreds of business apps:
CRM | e-Commerce | Accounting | Inventory | PoS | Project management | MRP | etc.
Please see the scenario and let me know your thoughts on more functional aspect
In Odoo, I have a point of sale shops , A customer " XYZ" did a purchase on our shops for $500 for 2 products ( A, B Product),
He came back aftewards and return a product A which worth of $260,
Here comes the scenario:-
- Client does not want the money, he wants the amount to be recorded as positive balance for company, which he comes any day and can redeemed with another purchase.
What would be the accounting entry for return where in we did not pay any amount but its a liability for us!!
What accounting entry should post when we redeem the amount whatever was pending with us!!
Any functional consulting on accounting part would be highly appreciated!!
Please try to give a substantial answer. If you wanted to comment on the question or answer, just use the commenting tool. Please remember that you can always revise your answers - no need to answer the same question twice. Also, please don't forget to vote - it really helps to select the best questions and answers!
About This Community
This platform is for beginners and experts willing to share their Odoo knowledge. It's not a forum to discuss ideas, but a knowledge base of questions and their answers.Register
Odoo Training Center
Access to our E-learning platform and experience all Odoo Apps through learning videos, exercises and Quizz.Test it now
|Asked: 11/7/14, 1:28 AM|
|Seen: 663 times|
|Last updated: 3/16/15, 8:10 AM|