Hi,
The company Issues checks for Product warranty with future dates to Customers. After product warranty over, the customers return the checks to the company, This indicates Contingent Liabilty.
Please let me know, how can we record the checks issue to customers with future dates.
Thanks & Regards,
Anjireddy.
How to Record Product Warrantys for Customers?
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- Posts: 67
- Joined: Sun Dec 12, 2010 4:42 pm
- Location: India
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- Posts: 67
- Joined: Sun Dec 12, 2010 4:42 pm
- Location: India
HI Anjireddy
Define a transaction type in the AR module (warranty) with class invoice then make sure the options open receivable & post to GL are not checked then define a DFF on the transaction form with your extra information (Future date, returned checks date, ...).
So when you enter the invoice type warranty, it will not effect on customer or TB. Only for reporting & keeping information according to each customer then you can extract these data from transaction summary.
Hope I can help you
Hisham
Define a transaction type in the AR module (warranty) with class invoice then make sure the options open receivable & post to GL are not checked then define a DFF on the transaction form with your extra information (Future date, returned checks date, ...).
So when you enter the invoice type warranty, it will not effect on customer or TB. Only for reporting & keeping information according to each customer then you can extract these data from transaction summary.
Hope I can help you
Hisham
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- Posts: 67
- Joined: Sun Dec 12, 2010 4:42 pm
- Location: India
-
- Posts: 67
- Joined: Sun Dec 12, 2010 4:42 pm
- Location: India
Hi Hisham,
The company needs to issue the check if we define and enter the invoice type warranty,..then how can we issue the check to customer.
Please let me know the details, i did not find proper solution.... can we create invoice type credit memo and refund to particular transaction...?
Thanks & Regards,
Anjireddy
The company needs to issue the check if we define and enter the invoice type warranty,..then how can we issue the check to customer.
Please let me know the details, i did not find proper solution.... can we create invoice type credit memo and refund to particular transaction...?
Thanks & Regards,
Anjireddy
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