Hi,
I sell products in Online marketplaces(Amazon.in/Flipkart). Sometimes the expenses are refunded due to sale returns. I am not able to refund the expenses in Books instead I am deleting the record the expenses.
Deleting the expenses that are refunded is not the correct way. Some times refund may happen in same sale month or in next month.
Consider that
I have created a Sale(To X Customer) on July 4
Sale
Product Charges: 973.73
Product Tax: 175.27
Product Total Charges:
1149
I record multiple expense for that customer sale which is payable to the Amazon(Vendor)
.
Expenses
Commission: 291.51
FBA Pick & Pack Fee: 11.8
FBA Weight Handling Fee: 50.74
Fixed closing fee: 47.20
Amazon Fees(Inc.Tax)
:
401.25
I receive the payment of Rs.747.75
The sale is returned on Aug 2nd. Credit Note and refund of Rs.1149 is made to the Customer.
And Amazon refunds
Commission: -291.51
Fixed closing fee: -47.20
How to record the above refund expenses?
---------------------------------------------------------------------
FBA Pick & Pack Fee: 11.8
(Non Refundable)
FBA Weight Handling Fee: 50.74
(Non Refundable)
---------------------------------------------------------------------
I request to add a feature of Reversing the Expenses so that it can be traceable.
---------------------------------------------
Regards,
Manoj