EQD: Changing Inventory Ownership

This workflow is used to change a lot of inventory’s ownership flag from Distributor owned to Client owned and keep a valid audit trail of the transaction.


Steps:

  1. Enter a Warehouse Release
    1. Note if Inventory comes from different lots as it may have different cost/sell.
    2. Print and save copy to use when entering the return.
  2. Enter the Return
    1. Ensure the same Ship-to is used from Warehouse release.
    2. Verify owner is CLIENT
    3. Check:
      1. Return to Stock
      2. Return for Credit
      3. Adjust Usage (Critical⚠️ Match the release month).
    4. Enter Reason like “Inventory sold to Client”
    5. Verify EVERYTHING is correct before posting return.
  3. Invoice the Warehouse Release.
    1. Bills the Client
  4. ADD the Return to the same invoice.
    1. Proves the Inventory was returned as Client Owned.
  5. Print/Send/Post.

Notes

  • All the proof is on one invoice (billing and return).
  • Transactional audit trail in the inventory reports
  • Both Release and Return refer to the invoice.
  • Release and Return can be invoiced separately if needed.

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.