Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

Tranactions for PO Receipts with Event Type "Acquisition_Cost_Writeoff"

in Costing 1 comment

Summary:

For June 2024 close, we are trying to reconcile and make sure all transactions in the natural account 57095 are legitimate.  we are going thru the fine details, I am noticing there are amounts hitting 57095 that have a transaction type = Purchase Order Receipt with an Event Type = ACQUISITION_COST_WRITEOFF.  These seem to be pushing amounts to PL in this account.  These transactions have an original transaction date of April and May 2024 but the GL activity is in June.  

Any idea what triggers this transaction to occur?  I am guessing it's something to the effect of an invoice occurring on a PO receipt where the invoice amount is different than the PO in conjunction with there being no inventory left on hand but not sure how to vouch that.  In June their seems to be a $38k negative impact to the PL for this transaction/event type combination.  Offset of this transaction hitting the PL looks like a Balance Sheet account 13104 - Raw Materials - Receive into Inspection.  We are not clear how this balance sheet account will

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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