Generate revenue and burden costs for PO Receipted in current period but with a future dated EI date
Our client have migrated a number of project related purchase orders with expenditure item dates into future dates based on expected delivery dates in the legacy systems.
However from a business stand point a supplier can deliver at an earlier date. Here we are at a situation where a number of PO receipts were delivered by the supplier earlier since going live in January 2022.
I have illustrated the issue using this example below:
PO raised on 30/11/2021
Requested Delivery Date = 31/03/2023
PO Expenditure Item Date = 31/03/2023 [Defaulted from Requested Delivery Date]
PO Receipt Date = 21/01/2022 and PO receipts accounted in GL in the current period 2022P10 [From Date 24/12/2021- To Date 21/01/2022]