How to Record a Return of Inventory

If you purchased inventory and then returned it, you can record this in My Reseller Genie as follows:

Cash Inventory Method:

Record a negative expense in the "Expense Detail" assigned to the "Inventory Purchases" general ledger account.

Accrual Inventory Method:

Since your sourcing costs/inventory are all accounted for in the inventory tab. The only thing you'd need to do is delete the item from inventory.

One noteworthy exception is if you returned an item that was purchased in a prior year (ex. purchased Dec 23, 2024 and returned Jan 3, 2025). In this case, you'd add a note to the inventory that it was returned in 2025, then record the item as sold in 2025 for $0 to the "Other" sale platform. Following this, you'd mark the item as returned and tell MRG that you received the item back. Lastly, you'd find the newly created inventory item and delete it. This will ensure that your inventory balances get preserved and the item is not expensed.