Explaining the Returns Processing

The posting logic of the returns lot is as follows:

1. The receivable posting in contract accounting creates – after reconciliation key transfer – a posting on the general ledger’s receivable and the revenue account (tax is not shown).
2. The company-initiated payment run is triggered in contract accounting and clears – after reconciliation key transfer – the general ledger’s receivable account against the bank clearing account and creates the outgoing payment medium.
3. The payment in general ledger accounting clears the bank clearing account against the bank account.
4. The incoming bank statement in general ledger accounting post the incoming returns on the bank account against the returns clearing account and creates a returns lot when it is uploaded. In this example, the returns total amount is 10 EUR higher than the original payment which is considered later as a bank charge.
5. The returns lot processing in contract accounting distributes all returns of the lot to re-open the items (clearing reversal) and – after reconciliation key transfer – in the general ledger’s receivable account as well.
6. The difference amount of 10 EUR is posted in general ledger accounting on the returns expenses account against the returns clearing account.
7. The difference amount of 10 EUR is passed on to the business partner in contract accounting and – after reconciliation key transfer – on the returns receivable account against the returns revenue account in general ledger accounting.
8. The returns charge is posted in contract accounting and – after reconciliation key transfer – on the returns receivable account against the returns revenue account in general ledger.

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