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Receipt accounting requirement for expense purchases

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edited Nov 24, 2020 3:24AM in Purchasing 6 comments

Summary

Our client is implementing Procurement with expense items. Items are not Inventorized, not stockable, not costed, not transactable. Do we need to implement Receipt accounting and cost accounting.

Content

Our items are not inventorized, or valued or costed. They are created just for the purposes of tagging an Asset category to them so they flow from AP to FA via mass additions.

the items are received into a namesake inventory organization to Expense destination. TRhe question is do we need to implement Receipt Accounting and(or) cost accounting.

 

Thanks
Arun

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