Adjustment Sales

When a customer returns a defective product, you can sell a replacement item at a reduced price. If the replacement item’s selling price is less than your cost, the vendor will give you a credit.

Here’s what happens in an adjustment sale. A customer returns a defective item to you. Then you sell the customer a replacement item at a discount. After the sale, you submit a claim to the vendor. The vendor gives you a credit for the difference between the item’s cost and the selling price for the replacement.

To see how an adjustment sale posts to the general ledger, see “Adjustment Sale Example” in the TireMaster User Guide.

Adjustment Sale Requirements
Creating Adjustment Work Orders