Page History: Journal Entry Architecture - PO Receipt
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Page Revision: Thu, 19 May 2011 09:51
General Info
A PO Receipt will debit the Item Control account and credit PO Clearing (aka Accrued AP).
Control Account
When a
stock item is received, the Inventory Control account is determined by the Control Account listed on the
OHF tab of the Item Master.
If that account is blank or invalid, then the Control Account listed on the
Warehouse screen will be used.
If that account is blank or invalid, then the Control Account listed on the
CID Maintenance screen will be used.
Non-Stock items follow the same rules, however the user may enter a
GL account directly onto the PO to debit an account.
PO Clearing Account
The PO Clearing account is determined by the PO Clearing account listed the
OHF tab of the Item MasterIf that account is blank or invalid, then the PO Clearing account listed on the
Warehouse screen. will be used.
If that account is blank or invalid, then the Control Account listed on the
CID Maintenance screen will be used.
