160
Hi,
I did a Post Inventory Cost to GL to record a receipt on a Purchase Order. I have not posted the Purchase Invoice as yet, but wanted to see the effect of the receipt.
After posting the transaction I am seeing transactions in the GL COS and Inventory accounts.
When I go to the Item Ledger Entry and highlight the RCT document and go to Navigate. The value entry is showing zero posted under the cost posted to GL column...
Any thoughts?
Thanks,
John
*This post is locked for comments
Hello,
Can you please check the field "Expected Cost Posted to G/L" in value entry since you have not posted the invoice so the expected cost posting GL would reflect in above field.
If it is blank then make sure that "Expected Cost posting to G/L" has been ticked on Inventory setup.
Regards,
Saurabh shah
Hi Pouj,
you have posted receipt with no invoice. That means system posted 'Expected Cost' rather than Actual Post. The column 'Cost Posted to G/L' is used when the actual cost is calculated (after posting the relevant invoice.
For now you should only have value in 'Cost Amount (Expected)' column in Value Entries, but zero in 'Cost Amount (Actual)' and 'Cost Posted to G/L' fields.
Hope that helps.
Robertas
Hi Ahmed,
Thanks for the info. However I am still seeing posting to the GL for the document number that I used when I ran the POST INVENTORY COST TO GL.
But it does not show in the Value entry in the item ledger transaction....
Thanks,
John
Try to run again "Post Inventory Cost to GL" after posting the invoice, this will make the effect.
As the receipt on purchase order only update the Quantity in Inventory not the cost, but after you post the invoice, the cost posting will take the effect.
If you find this information helpful, Click Yes to Verify the answer to share with other community members.
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,269
Super User 2024 Season 2
#2
Martin Dráb
230,198
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (