Dear
I am posting a non-inventory purchase to one of my projects, in Project Accounting.
i created a cost category of type Purchase Material , but i did Not check the Inventory Item since i want to use this cost category for that purpose.
then i created my normal project and entered my budget.
Now when i go to do a purchase Order / then receiving using this cost category i get the following transaction :
Debit: COGS
Credit: Contra account
My issue is , my GL Payable account doesn't get affected anywhere during this stage. ALTHOUGH in the Vendor module , the Vendor is updated with my purchase so i have my purchase clearly affecting the module but not the GL.
Am i missing anything in the setup ?
your help is appreciated ,
Best Regards
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