Impact of Return Authorizations, Credit Memos, and Cash Refunds on Sales Orders and General Ledger in NetSuite

This article explains, with examples, how related transactions such as Return Authorization, Credit Memo, and Cash Refund affect the Sales Order amount and the General Ledger (GL) in NetSuite. Example Scenario: Sales Order and Related Transactions Original Sales Order Sales Order Amount: $1,000 Accounts Affected: Accounts Receivable (AR): Debited by $1,000. Sales Revenue: Credited by… Continue reading Impact of Return Authorizations, Credit Memos, and Cash Refunds on Sales Orders and General Ledger in NetSuite