1,351
Hi,
I am posting a purchase order invoice and I get two lines with zero amounts in the ledger accounts defined on these posting types highlighted in red:
Could anyone explain why or how these accounts are used?
This is my understanding so far:
* Purchase expenditure for product: PL account to identify PO invoiced amounts
* Purchase accrual: BS account to identify un-invoiced PO purchases. What is the difference then with account type "Cost of purchased materials received"?
Thank you!
Hi,
These links explain you these concepts Purchase expenditure for product , Purchase accrual
Hi,
The accounts that you highlighted are commonly used when a PO packing slip is posted.
At the time the invoice posting is made, the packing slip posting is reversed leaving a $0 balance on those accounts.
Those accounts and that posting helps you tracking items that have been received but not invoiced, which is especially helpful for month-end / year-end closing.
Best regards,
Ludwig
#1
André Arnaud de Cal...
291,642
Super User 2024 Season 2
#2
Martin Dráb
230,371
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (
