In addition to situations involving customer-related damage claims, businesses may also encounter cases where suppliers fail to meet contract terms. This can include the delivery of damaged goods, incorrect or poor-quality materials, or other violations of the purchase agreement.

When this occurs, the company must properly account for the loss or damage related to goods received from the supplier, initiate claims for compensation, and adjust inventory and financial records accordingly.

To reflect such transactions, you will need to perform the following steps: