web
You’re offline. This is a read only version of the page.
close
Skip to main content
Community site session details

Community site session details

Session Id :

Purchase voucher effects for stocked item (Dynamics 365 for Operations)

Community Member Profile Picture Community Member

Introduction:

Two types of accounting for Purchase that take place when an accounting entry is generated for a product receipt or an invoice that contains stocked items.

1. Purchase order voucher entry after posting product receipt

  1. Accounting entry for the accrued liability
    Purchase expenditure, un-invoiced DR
    Purchase, accrual CR
  • Accounting entry for the cost in inventory for the received quantity of the stocked item
    Cost of purchased materials received DR
    Purchase expenditure, un-invoiced CR

2. Purchase order voucher entry after posting product invoice

  1. Accounting entry on the product receipt for accrued liability are reversed.
    Purchase, accrual DR
    Purchase expenditure, un-invoiced CR
  • Account entry liability for the vendor invoice.
    Purchase expenditure for product DR
    Vendor Balance CR
  • Accounting entry on the product receipt that records the inventory cost is reversed.
    Purchase expenditure, un-invoiced DR
    Cost of purchased materials received CR
  • Accounting entry to record the actual inventory cost.
    Cost of purchased materials invoiced DR
    Purchase expenditure for product CR

Conclusion:

Inventory value as well as Vendor balance will increase.

The post Purchase voucher effects for stocked item (Dynamics 365 for Operations) appeared first on CloudFronts - Microsoft Dynamics 365 | Power BI | Azure.

Comments

*This post is locked for comments