Periodic Inventory Purchase Return and Allowance
Ah_Soon
Member Posts: 1
Hi everyone I’m new using Wave. How do I enter transaction to show profit loss statement
Sales revenue
Less: Sales Return and Allowances
Cost of sales
Opening Inventory
Purchase
Less: Purchase Return and Allowances
I add the purchase as expenses in chart of accounts but how I should put the Purchase Return and Allowances as it it contra-purchase the same thing goes to sales return and allowance
Thanks for help!
Sales revenue
Less: Sales Return and Allowances
Cost of sales
Opening Inventory
Purchase
Less: Purchase Return and Allowances
I add the purchase as expenses in chart of accounts but how I should put the Purchase Return and Allowances as it it contra-purchase the same thing goes to sales return and allowance
Thanks for help!
0
Comments
Hi @Ah_Soon , I think you're looking for features which Wave doesn't support. As Wave doesn't fully support Inventory Management, the best I can offer you would be this Help Center article. To be clear, as this feature isn't directly supported this is somewhat of a workaround to handle it so I can't guarantee that it'll support the rest of functionality that you're looking for.