View source | Discuss this page | Page history | Printable version   
Main Page
Upload file
What links here
Recent changes

PDF Books
Show collection (0 pages)
Collections help



There is a "Post" header button which is the one that posts the discrepancies between inventory and financial accounting if any, once the proper line has been selected.


Overall the process to post the discrepancies in accounting is detailed below:

A Matching Invoice document can be posted if the cost of the products included in a Goods Receipt has been calculated. For getting that:

In the case of "Expense" product/s do not having the "Sales" checkbox selected, it possible to use the product's purchase price instead of the product's cost whenever the checkbox Book Using Purchase Order Price is selected. In this case it is obviously required that a "Purchase Order" is related to the "Goods Receipt".

Let's take a Goods Receipt of 100 units of a product (set as "Item" type) which does have a calculated cost of 145,00 USD/unit (that is in this example the purchase unit price), however the supplier's invoice is booked with a net unit price of 90,00 USD/unit.

Account Debit Credit Comments
Product Expense 9.000,00 Line Net Amount
Tax Credit 1.620,00 Tax Amount
Vendor Liability 10.620,00 Gross Amount
Account Debit Credit Comments
Product Asset 14.500,00 Goods Receipt Line cost amount
Non-Invoiced Receipts 14.500,00 Goods Receipt Line cost amount

Matched Invoices posting looks like:

Account Debit Credit Comments
Non-Invoiced Receipts 14.500,00
Product Expense 9.000,00 Invoice line net amount at a unit price
Invoice Price Variance 5.500,00 Goods Receipt's cost amount - Invoice posting at net unit price

Above posting means that:

In this example: the Product Asset account is the same as yhe Product Expense and the Invoice Price Variance

Retrieved from ""

This page has been accessed 500 times. This page was last modified on 22 January 2013, at 07:59. Content is available under Creative Commons Attribution-ShareAlike 2.5 Spain License.