We have a company policy whereby when we receive the items (RM / PM), it is recived in Quarantine Location, immediately the GRN is booked but not the invoice. The item then moves from Quarantine to Under Test and then to Approved after all the quality testing. This generally takes 20 day cycle due to certain test. As per our policy only if the material is approved the invoice is booked.
1) During this 20 days window when we try to generate the PnL (Profit and Loss) accounts the valution for this GRN is not accounted though the material is part of my inventory. it only gets accounted on booking the invoice. But if we want to generate a live PnL with this quarantine kr undertest material is not not possible. How can i address this.
2) if we consider changing our policy and booking the invoice immediately along with the GRN, the invoice should be going on temperory hold to avoide making unintentional payment by our accounts till the material is approved. The Stores can move the invoice from temperory hold to approve to allow the accounts to process the payment.
Let me what is a workaround for this.
