Setup for Posting of GRN Entry into Product Receipt Ledger in MSD365 F&O

Business Scenario

• Customer wants to post-entry of GRN/Product Receipt into its respective ledger account
• To ascertain the value of GRNs which remain un-invoiced during the month-end

Note: Generally, this setup is required for businesses having a long time gap between GRN/product receipt and invoicing.

Configuration

1. Go to Inventory management > Setup > Inventory > Item model groups

Here, tick the bullion POST PHYSICAL INVENTORY, it will allow posting GRN entry into its respective ledger account

Setup of that respective ledger account:

Inventory management > Setup > Posting > Posting > Purchase order tab > Select Cost of purchased materials received and assign ledger account for the same (in our case ledger account is 11221000.)

Outcome

1. Create new Purchase order and make GRN/Product Receipt
2. To Check go to, General ledger > Inquiries and reports > Ledger account transaction

Here, select that particular main account and date range of GRN and submit. We will find GRN entries debited in the ledger account.

Note: After invoicing the Purchase order, the above ledger posting entry will get reversed.

Thanks for Learning!

Good Day