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Inventory expense items - no accounting entry generated when received in inventory

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edited Dec 15, 2023 3:23PM in Costing 1 comment

Summary:

Inventory expense items - no accounting entry generated when received in inventory

Content (please ensure you mask any confidential information):

We have items setup as costed =N, inventory asset value =N.

Inventory, Stockable and Transactable as Y

When such item is received on a PO, we see below accounting entry.

Dr Receiving Inspection

Cr. Accrual

Receipt routing is Direct.

We don't see Dr. PO charge account (expense) and Cr. Receiving Inspection

Therefore the receiving inspection account never gets cleared out.



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