Overview:
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- Updates the receipt history for purchase order line items Purchase Order Line Items and allows for three-way matching to occur (committed, received, and invoiced) when you enter an invoice in the Invoice and Credit Memo Entry window.
- Updates the appropriate warehouse/location for inventory-related purchase ordersPurchase Orders.
- Generates the appropriate accounting entries for inventory receipts as well as receipts of inventory directly to job Job cost.
- Makes the following accounting entries during the receipt distribution process:
- Inventory
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- Non-Inventory (Accounting entries are only made if your environment is configured to accrue cost during the PO receipt Receipt distribution process)
Debit: Job Cost Account
Credit: Receipt Liability Account
Benefits:
- Allows for three-way match to occur (committed, received, invoiced)
- Validates the material received match what was ordered
Roles:
- Warehouse Manager
- Field Supervisor/Foreman
- Purchasing Group
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