We are currently being audited for the end of our financial year (31/10/2024) and have a question about Invoicing.
We had a few POs that were placed prior to 31st October which we did not receive until after 1st November (placed before end of financial year and received in the following financial year).
As we were invoiced for this stock prior to receiving the stock, we're looking to post the invoices on the 29th / 30th October, however we are unsure as to how BC will treat the goods, as it will not have been received as of the invoice date.
I was wondering if Business Central will treat these Goods as Goods in Transit for the dates between the invoice date and the stock receipt date, and if so, once the goods are received, will the value of these goods automatically transfer from Goods in Transit to Stock.
