Store Operations · 1 min read
Keep phone swaps and trade-ins traceable
A trade-in involves an incoming device, an outgoing device and an agreed difference. Record the incoming phone’s identifier, condition and valuation, then connect those details to the outgoing sale.
By the Suite.ng team · ·
A worked example
For example, a ₦250,000 trade-in against a ₦950,000 device leaves a ₦700,000 payment difference. Keep both the valuation and the sale amount visible rather than recording only cash received.
Getting the approval process right
Suite includes trade-in tracking. Demonstrate your approval, valuation and receipt process during setup, and have your bookkeeper confirm the appropriate accounting treatment.