Next-Level Purchase Returns: Accurate Refunds and Flexible PO Management

1. Exchange Gain/Loss Postings for Refunds

When processing refunds related to Vendor Advances, Purchase Invoices, or Bills Payables in foreign currency, the system now automatically calculates and posts Exchange Gain/Loss entries. These postings are based on the difference between the return's conversion rate and the original transaction rate, ensuring accurate financial tracking.

2. Enhanced PO Status Updates

Introducing an advanced feature for managing purchase order (PO) statuses:

• If Update PO Status is set to Y, the system now allows flexibility in handling returns:
  • For Item Receipts: Returned quantities can be received again.
  • For Purchase Invoices: Returned quantities can be invoiced again.
    This provides seamless control over inventory and procurement workflows.

Stay tuned for more enhancements to improve your ERP experience!