Ideas

Requirement for Booking SRT in Same Value of GRT

Dear Sir,

Please provide the option for book the SRT entry for manage site as per GRT value.

Thanks

Ashwani Kumar

  • Ashwani Kumar
  • Apr 6 2021
  • Likely to implement
  • Attach files
  • Admin
    Product Team commented
    14 Mar 09:18

    Module:

    Ginesys HO > Sales & Distribution > Operations > Invoicing > Sales Return

    Ginesys POS > Back Office > Transactions > Goods Return


    Background:

    This issue is regarding sales return entries being made in Ginesys ERP against Goods Return Transactions from franchise sites (MS-CO-OM-TS)


    Observation:

    • Rate picking logic at the time of making a goods return(GRT) entry in POS application could be "As per last received" or "As per Pricelist"

    • Rate picking/Invoice resolution logic at the time of making a sales return entry against the POS GRT could be based on

      • Adhoc (As per price list)

      • FIFO Basis

      • LIFO Basis

    • The application of charges is based on the price list tagged for the franchise site

    • There could be cases where a rate mismatch could happen between above mentioned transactions such as,

      • Same item sold to Franchise at multiple prices in multiple sales invoice, now franchise returns all the items at "Last Received Price",
        In HO, while sales return entry was created, invoices were resolved as per LIFO/FIFO method

      • Since charges application while making a sales return entry is based on price list and not on the basis of charges in the GRT from POS Site, mismatch of amount can be observed. etc.

    • This could lead to misinformation in view of auditors, also reconciliation will be a tedious task if volume of such transactions are huge

    • Also, data for franchise sites are posted in EMG, there also it would be difficult to reconcile such transactions.

    • There should be an option to create sales return entry as per same amount of GRT.


    -Raj Choudhary | BA

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