About Day End Processing of Returns

Day End Processing performs the following tasks when processing P/O returns:

Note: If you cost inventory during posting instead of during Day End Processing, almost all Day End processing tasks take place when you post transactions.

• Updates costs in Inventory Control for non-job-related invoices, if you use Inventory Control.
• Updates quantities and costs in Project and Job Costing for job-related returns.
• Creates general ledger transactions for the processed returns, and creates the Return Posting Journal.

  For more information about the general ledger accounts affected by return transactions, see About General Ledger Journal Entries Generated by Purchase Orders.

• Adjusts and reprorates or expenses any additional costs posted with a receipt to remaining items on the receipt using the methods you specified. More...

  If you expensed or prorated additional costs that were originally prorated to the items being returned, Day End Processing expenses the costs or prorates them to the remaining items on the original receipt. You can check the prorated amounts on the Return Posting Journal.

  For more information, see P/O Posting Journals Screen.

• If you do not keep history, deletes completed returns.

  If you keep history and statistics, updates Purchase Orders and Inventory Control history and statistics with returns information.