When a Purchase Return is created ,
its status will be Pending Approval.
stocks will have no change until it is approved
When a Purchase Return is approved,
accounting transactions will be created- Vendor account will be debited and Inventory account will be credited.
status will be changed to Approved.
debit note will be created in Raised status
stock will get reduced (if it wasn’t tagged earlier)
When a Bill is Mark as Paid by selecting the Purchase Return
Purchase Return/Debit Note will be Settled
When a Payout is created, you can consider this Purchase Return and settle the GL balance. With this
Purchase Return/Debit Note will be Settled.
Purchase Return/Debit Note can be settled explicitly from the respective screens. This is not a commonly used flow though. Transactions will be created in the selected account (credit) and Vendor account (debit). If the box is unchecked, transactions will not be created and only the statuses will be updated to Settled.
