Versions

AM12 for SQL, Express, and LAN
AM11 for SQL and Express
AM10 for SQL, Express, and LAN
AM9 for LAN

Module

PO

Question

I recorded the receipt of an inventory item using the Received Goods function. When I attempted to generate the journal entry for the received inventory by generating the AP GL Transfer Report, there is none. Why?

Answer

This happens if the vendor is not set to accrue received goods (i.e. the Accrue Received Goods checkbox is not marked in the Vendor Maintenance ► Settings tab). This means that the liability is not recognized at the time the inventory items were received, rather, the liability will be recognized when the AP invoice is posted. Thus, the journal entries will be created when you post the AP invoice for the PO receipt.