0 Replies Latest reply: Aug 28, 2011 2:30 AM by 885004 RSS

    Create invoice without receipt

    885004
      Hi Financial gurus,

      In My project we dont maintain Inventory in Oracle.

      Will I be able to create supplier invoice and match to PO without receipt - (all are expense and asset items)

      Will it affect my accounting factor (like AP Accrual Account)

      because the accounting entries are like

      1.Receipt

      inventory receiving a/c db
      AP Accrual a/c Cr

      2. Inspect & Accept -> nill

      3. Deliver to stock

      Inventory a/c db
      Inventory receiving a/c cr

      4. PO match Invice
      AP accural db
      supplier liablity a/c cr

      5. enter payment
      supplier liability a/c db
      Cash /bank a/c cr

      Because I am going to do only 4 th and 5th step... will it spoil my accounting AP accural balance..

      Regads,
      DEVA

      Edited by: 882001 on Aug 28, 2011 12:29 AM