General Ledger status during PO process

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Posted on by Ming Chen

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Hi,

I'm trying to make a list of the ledger status (debit/credit) for the lifecycle of PO/PR/PI creating, but not very sure if the below table is correct or not?

Any correction will be welcomed

ID	Action	Status	Debit	Credit
1	Purchase Order Create ($20+$30)	PO-Open
2	Purchase Order Released	PO-Released
3	Purchase Order Fully Received	PR Created and Posted	Item Ledger Entry Only?	Item Ledger Entry Only?
4	Purchase Order Fully Invoiced	PI created and posted	$20 - Inventory $30 - Inventory	$20 - A/P $30 - A/P
5	Posted Purchase Invoice Paid	PI - Closed	$20 - A/P $30 - A/P	$50 - Cash

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JAngle 95 on at

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RE: General Ledger status during PO process

3 is settings dependent. Inventory setup determines if the expected cost is represented in the g/l - which is basically received not invoiced.

Rest are fine.