Overview:
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Credit: Purchase Order Receipt Accrual
- Non-Inventory (if the system is setup Accounting entries are only made if your environment is configured to accrue cost during the PO receipt distribution process)
Debit: Job Cost Account (Job Type Information window based on Cost Type and Costcode entered on the Purchase Order cost distribution).
Credit: Receipt Liability Account (System Configuration window).
- Credit Rec. Sales Tax Liability Account (System Configuration window).
Note: If you interfaced Purchase Order Receipt records and System Option 341 (PO Receipts IF-Auto Distrib) is set to N, you can use this window to review your records before distributing them.
Benefits:
- Provides an accurate record of all financial transactions
- Aids in compiling key financial statements
- Provides the ability to authorize general ledger accounts for one, some, or all organizational units
- Provides subledger requirements and ensures the ledger is always in balance with the subledger details
Roles:
- Accounting Manager
- CFO
Additional Content
- Add additional content here as needed
- Example: Video may not cover the details of on us information in the bank account information window. A link to a KCS article should be listed that contains that detailed information that is relevant to this topic
Location:
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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
Location:
- Purchasing > Purchase Order Receipts
Video: