You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Generate revenue and burden costs for PO Receipted in current period but with a future dated EI date

Received Response
11
Views
5
Comments

Summary:

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:

e.g.

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]

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!