I noticed that we have not dispositioned some of the RMA Receipts in Inspection Processing. This means there are quantities sitting in Part Tracker - Part Locations - Inspection Bins list. Most of those RMA’s are now closed. We have RMA’s from our initial implementation back in 2012 in that list.
So a couple of questions.
What is the financial impact of those quantities sitting in Inspection Bins?
What are some options to clear the quantities out(the inventory doesn’t physically exist anymore) and is there a financial impact with the option?
You need to evaluate the GL Control Codes for INSPECTION
Work your way, top… down from
the Inv-COS-Wip GL control for the inspection account record acct #
then Part Class(es) record Part Class and Acct #
then Part ditto
Via CHART tracker, you will need to see impact to these accoutns based on RMA date and Fiscal period
When you receive an RMA into inspection, the inspection account will be debited!
Disposition of the RMA will credit the account.
If the RMA is still sitting in inspection… so is the DEBIT!
If the RMA was tied to a SO, then the SO UNIT value at that time of RMA was the value debited!
What is your cost-method??? Std Avg Last per part?!?!?!
After you figure out what accounts are involved, you will need to GL Ledger adjust out of the Inspection accounts with credits, and the other side???!!!
Talk to your accounting dept/controller and advise of your RMA findings!
Quite likely, THEY WILL DO THE GL adjusting entry and determine the credit side.
Some people over-react and think stuff in inspection per RMA is actually inventory!
If you run a stk-stat report, you’d never see RMA inspection reported… which is valid, because IT IS NOT YOURS! It is stuff that you are dispositioning, possibly returning to customer, or giving no credit… repairing and returning to customer, or putting into inventory.
Another thing to look at is how the RMAs are received. You can receive goods back on an RMA at $0. So if that is how you did it, you would be fine. If you are not sure, you can check the PartTran table to see if there is a value there.