Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Inventory Received Not Billed - Over Bill on PO impact
Hello - We have the situation where a PO has been created, partially recieved and then Billed. The Vendor Bill is for a qty greater than what was received. A Vendor credit note was subsequently processed to correct. The net result is that the Inventory Received Not Billed is incorrect as it does NOT reflect the vendor Credit.
In Summary
1 - PO created for a qty of 100 - no accounting
2 - Item Receipt booked for qty of 30
Dr - Inventory 30 units
Cr - Inventory Received not billed 30 units
3 - Vendor Bill received for a qty of 100 (note although the PO was for 100 we have only received 30, so this is an over bill)
0