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R13 Receipt Accounting-Accounting Flows

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edited Feb 21, 2020 5:37PM in Costing 5 comments

Summary

R13 Receipt Accounting-Accounting Flows

Content

Hello :

I would like to ask you if you can share with me the accounting entries for receipt accounting.

1.-PO has been raised- No accounting--Define an Expense Account number "6000" for 300 USD

2.-Receive an expense item

Debit Receive into Inspection

Credit Expense Accrual

Debit Expense

Credit Receive into Inspection

3.-Invoice

Debit Expense Accrual

Credit A/P Liability

 

 

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