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Landed Cost problem with (COGS)/ Inventory Received Not Billed

edited Nov 26, 2019 8:40AM in Accounting / ERP 4 comments

I have read as many articles as I can find in the forum and in help but in the end I just don't get it.  There are some good posts but we can't connect the dots.

Problem:
I have an accumulation on the Income Statement that represents  ($$$$) for a Cost of Goods Sold account.  Opening this total shows Item Receipts with Inventory Received not Billed.

Process:
1.  Issue PO with items

2.  Receive PO.
--- Receive items on Item Tab
--- Post Freight on the Landed Cost Tab.

3.  Bill PO
--- Verify the cost for the the items on the Items Tab

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