#salesreturns

[alwajeeztech]

https://alzerp.com/kb/docs/sales-return/

Sales Return in Cloud ERP Software

The Sales Return form in ALZERP allows businesses to process customer returns, issue refunds, and adjust inventory accordingly. This module is essential for maintaining accurate records, managing returns efficiently, and providing excellent customer service.

Key Features:

Return Details: Capture return date, customer information, original sales invoice, returned products, quantities, and reasons for return.

Return Types: Support various return types, such as exchange, refund, or store credit.

Inventory Adjustment: Automatically updates inventory levels to reflect returned products.

Financial Impact: Calculates return amounts and adjusts sales and inventory values.

Return History: Maintains a record of all sales returns for analysis and reporting.

Inventory Management: Automatically updates inventory levels to reflect the returned products.

Financial Integration: Ensures that financial records are adjusted according to the return type, whether it’s a balance adjustment or cash refund.

User-Friendly Interface: The form is designed to be intuitive, making it easy to process returns accurately and efficiently.

Comprehensive Tracking: The return history feature allows for easy tracking and auditing of all return transactions.

[atlantisitgroup]

Solving Sales and Distribution Challenges The challenge with today’s IT environment is the rapidly changing dynamics of the business requirements and the diversity of online opportunities that clients want to leverage. System integrators need to come up with agile solutions to custom-fit into these requirements to satisfy the demands of users and customers. Atlantis Worksware ERP is built with such flexibilities that companies can easily configure the system to their unique requirements. Sales and distribution supply chains have undergone drastic changes in the post-Covid world. We enable companies to overcome the barriers to automation and simplify the sales and distribution processes. The modularity of the system enables companies to implement an integrated system or just as a point solution. Key features of the sales and distribution modules are: • Entire order processing which converts quotes to sales orders right through printing invoices or deliver online • Maintain price lists, discount schemes and sales commission management • Generate dispatch plans and track order status • Sales returns and complete receivables management Contact mail id : info@atlantisitgroup.com Call us : +1.833.561.3093

[woocommercepos-blog]

Sales Return: Why does it Exist and How to Prevent it?

When customers return the products they buy, a company would accept it. It’s their right. They have the right to return the goods they are not satisfied. Sales return is a normal part of a business. It has always been a good practice most merchants used to provide customer satisfaction. There are different customers. The cause for product return may also come in many different reasons. This goodwill policy is not necessarily a bad thing. There is actually a sweet spot that opens a door for more sales. However, when the level of the sales return is high, entrepreneurial success might fail. Let’s dig some ways to manage returns for a zero fall.

Common Reasons for Return Purchases

Sales returns aren’t easy to deal with. Your customers might be happy at some point but the image of your business couldn’t be the best one you aimed to be. Here are some of the reasons why this thing exists so you can find ways to avoid it.

Not as Described

Sometimes, the photo or description of the item is not the same when you see or hold the actual product. Customers hate it when the product ends up different than expected leading to more sales return going back to the seller. This can also break their trust.

Damaged

Damaged item is like a waste – you can’t use it. Whether it’s the manufacturer’s fault or the delivery’s mistake, receiving complaints about the damaged products can be the worst nightmare of a retailer. It can lose potential lifelong customers and greatly affects profit.

Incorrect Product

Incorrect products are common in apparels such as clothing and shoes where size is a big thing. There are times mix-ups happen and the wrong item ends up in the box sent out. This is why you and your staff need extra care to encourage repeat purchases.

Late Delivery

Late delivery can’t give a smile in the face. It can kill your customer’s excitement. Most customers need the product by a specific time. If you pass the delivery date they are expected to be, their interest might be lost. They’ll get angry and leave a bad review.

Preventing Sales Return

It feels good when people purchase in your store but having too many sales return can break the day. Online shopping does not give customers a chance to try the product. A study shows that there is a higher return record in online purchases compared in physical stores. Here is how you can prevent it. Include zoomable photography for finer details. Offer live chat to get a constant contact with your customers. Write a clear and prompt product listing. Make appropriate sizing and specs to reduce the change of minds. Offer fast and/or timely delivery. Packed everything very well to reduce damaged goods. While all of these can prevent the bad impact of sales return in your bottom line, installing WooCommerce POS can also help to streamline the process. It works with a barcode scanner for easy product tracking so you can sell and monitor your items with ease 24/7.     Read the full article

[phdeditorial]

SOLUTION: TAX 2010 FSW Making Corporation Income Tax Return Table Attached. Please let me know if you have any questions or need revisions.U.S. Corporation Income Tax ReturnFor the calendar year 2018 or tax year beginning January, 2018, ending December, 2018NameEmployer Identification NumberFlying Gator and T Coorporations38-2345678Street AdressDate Incorporated2101 W. University Avenue11-Jun-06CityTotal AssetsGainesburg, FL 32611$ 430,000.00Gross receipts or salesReturns and allowancesBalanceCost of goods soldGross ProfitDividends and InclusionsInterestGross rentsGross royaltiesCapital gain net incomeNet gain or (loss)Other IncomeTotal Income$3,750,000.00$55,000.00Salaries and WagesRepairs and MaintananceBad debtsRentsTaxes and LicensesInterestCharitable ContributionsDepreciationOther deductionsTotal DeductionsTaxable Income before Net Operating LossNet Operating Loss DeductionSpecial DeductionsTaxable