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Purchasing Expenses in Incorrect Period

edited Dec 23, 2019 10:44PM in Accounting / ERP 1 comment

We found several instances where expenses are hitting the income statement on the wrong date.

Example:

  • PO Created/Issued on 09/17/2019
  • Item Receipt on 09/30/2019
  • Vendor Bill posted on 10/01/2019
  • Posts to income statement on 10/01/2019

The P&L expense should post on the date the items were received.  However, we're seeing it hit the income statement on the date the bill is entered.

I must have missed something obvious in setup, but can't find it.  Any ideas?

--Chris

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