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Where/when does item receipt post?
I am exploring the PO module to determine if it it something we can use for our business (service industry) and have a few questions if anyone can help:
1. When we enter a PO, there is no transaction in the GL, correct? (and therefore the GL impact page is incorrect)
2. When we receive an item, this creates a transaction in the GL (debit expense and credit a payable account)?
3. Where does this item receipt post? I do not see an account for it.
4. When the PO is billed, does the transaction flip from the account in #3 to our AP account?
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