Goods in Transit

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Hi all

We have Ax 2012 R3

Sometimes we receive an invoice from supplier and the goods still in transit.

And we must invoice the PO to close the month and make reconciliation with our supplier .

how can we do this in Ax ?

open new warehouse ? GIT ? what about inventory cost account, The cost of GIT will add with our current physical qty ?

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Ludwig Reinhard Microsoft Employee on at

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Hi,

Why do you need to post the invoice if the goods are still in transit and have not arrived?

Has the risk of damage and loss already been transferred to you in any case?

Do you already have the invoice document available at month end?

Assuming that you have the invoice document you can post it and the later on when the goods arrive use a movement journal to move it from an in transit location such as 'ship' to an ordinary one.

Best regards,

Ludwig

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Community Member on at

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Hi Ludwig

Thanks for your respond

below are my answers :

Why do you need to post the invoice if the goods are still in transit and have not arrived?

Has the risk of damage and loss already been transferred to you in any case?

I don't know the finance manager want to do this process, what do u suggest ?

Do you already have the invoice document available at month end?

Yes we have it

Assuming that you have the invoice document you can post it and the later on when the goods arrive use a movement journal to move it from an in transit location such as 'ship' to an ordinary one.

Okay I can post the invoice no problem with that, But what about the value (Item cost) of that Invoice ? It will be included with the ordinary one, Is it possible to separate the value with different account of current goods (physical one ) ?

Regards

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Ludwig Reinhard Microsoft Employee on at

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Hi Abdalrahman Mohammed,

If you post the invoice, your item costs will be updated. There is no specific account that you can setup. AX uses the same accounts for all PO invoice transactions. That is, the accounts that you can find in the inventory posting profile. There is no specific account that you can use for that.

However, what you can do is link a financial dimension to a specific site.

Until the goods in transit have not arrived in your factory you can post them in a specific warehouse in a specific site.

At the time they arrive the factory you can move them to another warehouse that resides in a different site and thereby get GL transactions posted. This allows you having full ledger traceability of the shipment process in finance.

Best regards,

Ludwig

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guk1964 10,888 on at

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It depends when you take legal ownership of the goods e,g,, when they leave the factory gates or when they arrive at your dock.

If you accept the goods are yours at the time of shipment then you need a virtual in-transit warehouse to receive the goods.

After receipt its then part of your inventory and its appropriate to add cost to it

If the goods are not legally yours till receipt then while you may have an encumbrance against future receipt its not yet in your inventory, not in your balance sheet, you can't do 3 way matching etc.

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Many thanks

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