A Return from a Customer is a single type of transaction which is related specifically to a particular Customer and any inventory/charges which have been invoiced to them. With RMPro, a single return can be related to multiple items or charges issued from different invoices, as long as those invoices were for the same customer. A Return from a Customer is a transaction that is specifically related to a particular customer and any inventory or charges that have been invoiced to them.
Inventory Returns are physical inventory items that are currently invoiced to the Customer, whether they were issued on a Sale, Approval, Consignment, or Back Order. RMPro allows you to combine returns of items from different invoice types, so a single Return may include items from both a Sale and Approval Invoice.
Returning Charges is a rare event, but RMPro supports the ability. This can be for a number of reasons, but usually because of a dispute with the Customer in which case the service charge was cancelled. Suppose you clean an item for the Customer, and when they receive their item back, it does not appear any cleaner, and they want their money back. You can do so by returning the Charge.
New Charges on Returns
If needed, you can also issue new charges on a Return. For example, this may apply if you charge a re-stocking fee. All new charges on a Return must be somehow associated with one of the Invoices in which you’re returning items or charges from. A new charge on a Return must be a General Charge, and cannot be an Item Charge.
Return in Other Locations
With RMPro’s latest Transfer feature, we’ve made it possible for multi-location businesses to process returns in other locations, even if the item was originally sold in a different location.
The process of returning an item from another location is identical to a regular return, except for a pop-up message asking for confirmation that you are returning an item from another location. Upon return, the item will be placed in the Transfer Request list and will wait until the privileged user decides to return it to the original location or to retain it in some other manner.
We believe that RMPro’s return in other locations feature is an essential tool for any retail business that operates across multiple locations.
Benefits of a Return Transaction System in POS
Supporting return transactions at POS (Point of Sale) can bring several benefits to businesses, including:
- Improved customer experience: By offering a hassle-free and quick return process, you can enhance your customers’ experience and build brand loyalty. Customers appreciate the convenience of being able to return items they are not satisfied with or purchased in error.
- Improved customer satisfaction: An effective return process can increase customer satisfaction, which can result in repeat business and positive word-of-mouth recommendations.
- Streamlined operations: By enabling returns to be processed directly through the POS system, you are minimizing the need for manual data entry or paper-based procedures. As a result, time may be saved and errors may be reduced.
- Better inventory management: Processing returns in the POS system can help you keep track of your inventory levels in real-time. This can help you identify slow-moving products, manage stock levels, and improve the accuracy of inventory records.
- Better sales data: By capturing information on the reason for the return, you can gain valuable insights into your sales data. This information can help you identify product quality issues, pricing concerns, or other factors that may be impacting sales.
- Accounting accuracy: Returns are an essential part of accurate accounting for a business. Maintaining accurate records of sales and profits can help maintain financial accuracy and prevent tax reporting problems.
- Fraud prevention: A return transaction system can also help detect and prevent fraudulent activity such as the return of stolen or counterfeit items.
- Operational efficiency: A return transaction system can also help streamline operations by providing a standardized process for returns. This can help reduce the time and effort required to process returns, which can improve efficiency and productivity.
Overall, the ability to handle return transactions in a POS system can increase customer satisfaction, inventory management, accounting accuracy, fraud prevention, and operational efficiency.