The BuyBack Register - Supplier Info Card
This page describes the fields on the 'Supplier Info' card of the Buyback record. Please follow the links below for descriptions of the other cards:
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- Supplier
- The BuyBack Supplier, taken from the Price List.
- BuyBack A/C
- The BuyBack Accrual Account, taken from the Price record for the Item/Price List combination, the Price List or from the Account Usage Stock setting.
- In the cost of sales transaction, this Account will be debited with the difference between the BuyBack Cost. and the cost of sales value. When you receive the Credit and Debit Notes from the Supplier, it will be credited with the cost of sales value from the Credit Note, and debited with the BuyBack Cost from the Debit Note.
- Actual Credit Amount, Actual Debit Amount
- If the Supplier is Apple, they will usually issue a Credit Note crediting the full original cost and a Debit Note or new Invoice for the discounted cost amount (i.e. for the BuyBack Cost).
- These Credit and Debit Notes may cover more than one BuyBack record. When you run the 'Distribute BuyBack Invoices' Operations menu function, the values of those Credit and Debit Notes will be distributed to the relevant BuyBack records (i.e. to BuyBack records with the same BuyBack Ref.), where they will appear in the Actual Credit Amount and Actual Debit Amount fields. These figures are total figures, not unit figures.
- Commission
- Any commission amount offered by the Supplier for the sale of the Item will be placed in this field when you run the 'Distribute BuyBack Invoices' Operations menu function.
- Purchase Invoice No, Credit Note
- When you use the 'Create Purchase Invoices from BuyBack' Maintenance function to create Purchase Invoices for Credit and Debit Notes from the BuyBack record, the Purchase Invoice Number of the Credit Note created by the function will be placed here.
- Purchase Invoice No, Debit Note
- When you use the 'Create Purchase Invoices from BuyBack' Maintenance function to create Purchase Invoices for Credit and Debit Notes from the BuyBack record, the Purchase Invoice Number of the Debit Note created by the function will be copied here.
- Supplier Credit Note No.
- The Supplier's Invoice Number of the Credit Note will be placed here when you run the 'Distribute BuyBack Invoices' Operations menu function. It will then be copied on to the Purchase Invoice for the Credit Note when it is created by the 'Create Purchase Invoices from BuyBack' Maintenance function.
- Supplier Debit Note No.
- The Supplier's Invoice Number of the Debit Note will be placed here when you run the 'Distribute BuyBack Invoices' Operations menu function. It will then be copied on to the Purchase Invoice for the Debit Note when it is created by the 'Create Purchase Invoices from BuyBack' Maintenance function.
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