When you do the item fulfillment, you hit the standard account called something like "purchases returned not credited" on the debit side, which is totalt mount of the vendor return authorisation itself. When you enter the vendor credit, you hit "purchases not credited" on the credit side. BUT, if the vendor credit has another rate than your original transaction, i.e. the vendor return authorisation, there will be a differentce on "purchases returned not credited". As for accrued purchases, Netsuite has a process for this (post vendor bill variances, even though it is a nightmare, even if you know all logics behind it) but not with vendor returns. Is there a better way to do vendor returns? We don't wanna do inv. adjustments and just take in the credit as a stand alone invoice

AI generated answer (using internal Slack threads):

Based on the conversations, handling vendor returns in NetSuite can be a bit complex due to the system's accounting structure. However, there are a few methods that can be used: 1. Vendor Return Authorization (VRMA): This is the standard method for handling vendor returns in NetSuite. You can generate a bill credit from the VRMA. However, this method only generates a vendor credit, not a refund. 2. Bank Reconciliation: If you have received a refund instead of a credit, you can record it via bank reconciliation. This method allows you to have Vendor Bill (VB), Vendor Credit (VC), Payment issued, and Payment (Refund) Received all in one transaction, zeroing everything out. 3. Custom Record: You can create a custom record for the refund, tying it to the Vendor Credit (VC). This method provides a separate record for each refund. 4. Inventory Adjustment: If the returned inventory is never to come back to you (for example, if it was destroyed in shipping), you can follow through with the standard bill credit and then do an inventory adjustment to remove the inventory. 5. Invoices: In a retail setting without a dedicated POS, using invoices instead of cash sales can make dealing with credits, refunds, etc., much easier. After the invoice is created, you need to receive a payment. This approach also allows you to accept multiple payment methods against a single invoice. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******