What is a Purchase Return (PRT)?

The Purchase Return (PRT) occurs when the buyer of merchandise, inventory, fixed assets, or other items sends these goods back to the seller. Excessive purchase returns can interfere with the profitability of a business, so they should be closely monitored. There are several reasons for purchase returns, such as the following:

1. The buyer initially acquired an excessive quantity, and wants to return the remainder.
2. The buyer acquired the wrong goods.
3. The seller sent the wrong goods.
4. The goods have proven to be inadequate in some way.

Go to create Purchase Return (PRT) in Localizebook:

1.Go to the Vendor > Vendor Center.

2.Click on button +Add in the center of the page.

3.Select Purchase Return (PRT) and select Vendor name.

4.Enter the basic information of your purchase return:

1. Vender: Select Vender Name (required)
2. Date: Date purchase Bill
3. Account: Select A/P account
4. Location: Select warehouse
5. Currency: Select your currency (Dollar/Reil).
6. Cheque To: Name for receive cheque
7. Bill No.: fill Bill Number
8. Memo: Describe about your Payment
9. Summary amount: data from #4
10. Item:
11. Item Name: Select Item that you want to Return
12. Item Code: Auto from Item above
13. Description: Autor from Item
14. QTY: fill number that you want to return
15. Unit Name: Select Unit Set
16. You can add any transaction with a line under the line Item Detail comes from PO or GRN pending.
17. Expense($): If you have any expense without an item you can add your expense in the Expense page.
18. Set Credit($): For offset your Purchase Return or credit note with Purchase Bill that you received from supplier.

5.After filling all with your information:

1. Save & New: Save the current purchase return and add another one.
2. Save & Close: Save the current purchase return and close the window.
3. Close: Close window without saving the current purchase return.

Note: The save button for saving your current transaction line. if having a new transaction you must click the save button to have a new line to make a new transaction. The button for delete the transaction line.