Closing PO - CREATING DISTRIBUTION

[swabunn]

we have problem, we closed po manually and during that process it has created GL distribution and these transactions have no history. it is just JE's in GL and source is 'EDTPO'. Just a guess I think it is reversing inventory entries those are recd but not matched at the time of closing PO. Any other idea to resolve this.

-swabunn

 

[barbola]

Don't close the PO until the receivings have been matched with their invoices. Then the PO will close itself. You can run the received-not-invoiced report to find them.

 

[swabunn]

do you know why the system is generating two entries one for reversing inventory and Accrual account and second cost of gooods - cr and debiting inventory with cost layer in the system. we are using FIFO perpetual method

-s

 

[barbola]

You would think it would just debit (reverse) the accrual and credit COGS, which is the end result, if the amounts are the same.

If the amounts are different, it sounds like it is adjusting your inventory to reflect the difference between accrued and current cost layer.

I would have to try and duplicate it in the test company, or better yet,,,,you could?

 

[swabunn]

yes I have tested it, the amount are diffrent in both entries

-s

 

[swabunn]

Just for your information, on my further testing, I found that the system is creating entries only on the line items those are partly matched, not all the line items.

-swabunn

 

[barbola]

That's good, I think?