Returns Management

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Definitions

Sales Returns Book Returns Inwards Book Accounting Inventory Management Financial Accounting Business Ledger Returns Management

The Sales Returns Book, also known as the Returns Inwards Book, is a specialized ledger maintained by businesses to record the return of goods sold to customers. It helps track and manage returned inventory, ensuring accurate financial accounting and inventory control.

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Definitions

Stores Returns Note (SRN)

Stores Returns Note Materials Management Inventory Control Financial Accountability Warehouse Operations Returns Management Procurement

A Stores Returns Note (SRN) is a document used to record the return of materials to the store or warehouse, often for reasons such as quality issues, over-ordering, or incorrect items delivered. It ensures accurate inventory management and financial accountability.