We are a machine shop that receives a casting from our Foundry Vendor and machines these castings to then sell to our customer. When these parts are returned and it turns out to be the vendors fault we want to request credit for the casting aka the material for the finished part. When trying to request a credit from our vendor can we specify a certain amount of credit from our vendor? It is not our vendor’s fault if we machine a bad casting so there is no reason why we should try to receive credit for machining that we did on this material. Is there a better way than sending the part to a job to separate it from its material?
Hi David,
Can you use DMR processing? We use these to make debit memos and get credit from our vendors.
I believe we can input any unit price we need to get from the vendor.
Let me know if screenshots of example would be useful.
Nancy
Nancy,
We can use DMR processing, when you make the debit memo you are able to specify an amount of credit you wish to receive whether it be partial or the full amount?
Hi David,
Yes, I just tested to ensure, AP personnel can type in any amount they want for the AP Debit Memo invoice per below. In example below, the PO receipt was actually for$4040 but we are asking for DM of -$2222.
Nancy
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Nancy,
Thank you for you help in finding a solution to this. I appreciate it!
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