Cores and Returns set up as receivables

[joe r]

Our controller wants to set up each core return, MRA return and monthly return as a receivable. I agree this is a good policy.

One of the ways we came up with was to create a counter ticket for each core and MRA individually and monthly returns as a dollar amount. We are on R&R. If we put the dollar amount in core and change the cost to zero it should post to accounting without affecting the cost of sales.

Anyone out there doing something similar or have any good procedures for this?

Thanks!!!!!

Joe R

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[This message has been edited by joe r (edited 05-23-2002).]