What is a return merchandise authorization?

A return merchandise authorization is created when a customer requests to send purchased products back to the vendor/supplier/business. These products are received back into inventory. They will either be re-sold, scrapped, or repaired. An RMA order is similar to a purchase order. A business is required to enter details of the product to be returned,  the quantity, and the unit price(to be used in refunds if needed).

Let Us Help You! (1)

Let Us Help You!

Transform your business and thrive with one of the best ERP systems for SAAS companies.

Signup for a personalized demo.

Get Your Free Product Tour!

Initiate a return merchandise authorization:

For a business, a product that is returned is required to have a specific return reason. In Versa, a business is able to create an RMA order through the Orders menu. With ease select, the customer who is returning the products and fill out the order details and Assign order number to continue.
A user can also choose the facility that will receive the returned product. The system offers 2 ways to record the return. If returned products are not put back into the regular stock, you can create a special return/repair product that is associated with the main product.  If the products returned are new and can be put back into regular stock. A business will just record the return of the product as is. There is no need to create a returned product to receive the returns. You can choose either option when you are creating a new line for the RMA order.

If a business chooses to receive returns as a returned product, the new return/repair product is lotted so that you can track individual returned products separately.

The Returned Products can either be put back to order or be scarped.

Let Us Help You! (2)

Free iMac Mockup and Macbook

Let Us Help You!

Are you looking for the perfect solution for your business needs? Sign up for the Free personalized Product Tour to begin your journey today!

Get Free Product Tour Now

Add Return Product to Order: 

If the product is to be received as a returned product after a new returned product is created ( Creating of new return product is only required if you are returning a product for the very first time. For future returns, you can keep using the same return product ). The system will find any sales order with the main product in the Sales Order/Line Item field. Choose the order that the customer is returning against.

If the product is returned as-is, then just enter the part number of the original product. The system will find any sales order with the main product in the Sales Order/Line Item field. Choose the order that the customer is returning against.

With each quantity to be returned, the user is required to add a unit price of the item. The price is used to determine the credit or refund you will give to the customer once the products are returned

Take Versa Cloud ERP for a spin!

Do you ever wonder how stress-free, convenient, and efficient operation management feels like?

GOOD NEWS! IT CAN BE YOUR REALITY NOW!

Take Versa Cloud ERP Shopify App for a spin!

FREE ECOMMERCE
NO CREDIT CARD REQUIRED

Receive against Return Merchandise Authorization Order: 

Once the returned products arrived, you would go to Logistics to receive the goods into the system. Post receiving the refund, a user would have stock for the returned products.  The value of a returned product received into the system is determined using the cost at the time the original product is sold.  If the returned products are deemed resalable at full price, you can create a new BOM to build(convert) the returned product into the main product.  If the returned product is resalable at a lower price, you can set a new price policy on this product.

Refunds against Return Merchandise Authorization Order:

A business can view a list of return merchandise authorization orders from the Order menu, and the List under RMA Orders. To initiate a refund for a customer against an RMA, a user would need to create a negative invoice(refund invoice) for this customer. Once the invoice is created, there is an option to link a new invoice to a return merchandise authorization shipment receipt. Once the invoice is created, a user can pay the invoice. Since the invoice total is negative, you are not really paying the invoice but rather refunding the customer the positive total of the invoice.

A Small Business in the modern day is complex and requires resources to deliver on its goals and achieve its full potential. To create a small business success story business owners need an ERP system that grows with them.

Effectively manage your Return Merchandise Authorization, financials, inventory, warehouses, and production workflows with our award-winning ERP.

Let Versa Cloud Erp’s do the heavy lifting for you.

See How Much $ Versa Can Save Me

Pricing Calculator Page on Laptop

How Much $ Versa Can Save Me?

Use our Instant Pricing Estimate Calculator to find out.

Fill out your business requirements and get your instant customized quote for free.

Get My Instant Quote Now!

Wondering how much Versa costs?

Versa App

Wondering how much Versa costs?

Use the Versa ERP Pricing Calculator
Software Rating - Capterra
Software Rating - Software Advice
Software Rating - GetApp

Take a look at our recognitions

Stevie Award

Stevie Award

Versa Cloud ERP won the GOLD STEVIE® New Product or Service of the Year ‐ Software ‐ Cloud Enterprise Resource Planning (ERP) Solution.

Finances Online

Finances Online

Versa Cloud ERP was recently examined by FinancesOnline, a popular software review website that preselects quality software.

Front Runners

Front Runners

This FrontRunners analysis is a data-driven assessment identifying products in the Enterprise Resource Planning (ERP) software market.

Best in Biz Awards 2017

Best in Biz Awards 2017

Versa Cloud ERP ltd. has been named a Silver winner in Start-up of the Year category in Best in Biz Awards.

Read More

Do Business on the Move! 

Make your businesses hassle-free and cut the heavyweights sign up for the Versa Cloud ERP today!!

Join our Versa Community and be Future-ready with us. 

Best ERP for SAAS companies: Versa Cloud ERP

Best ERP for SAAS companies: Versa Cloud ERP

American Business Award
Rising Star
Front Runners
Best In Biz 2017