When parts are purchased with a P/O, and the parts are received (purchase order receipts), if parts are then used (inventory allocation) before the invoice is received, a/p cannot pay the invoice for those parts (error message insufficient parts). This kind of defeats the purpose of inventory receipts.
by: Hugh T. | over a year ago | Accounts Payable
Comments
You should never pay the PO receipt before you get the actual invoice.
I agree with this request. Parts may be received and then used before an invoice makes it to accounting. Nothing has been paid yet, but if the invoice comes in and is ties to inventory, and we don't have the amount in inventory anymore that the vendor invoice shows, it causes and error for insufficient parts. These two modules (AP and Inventory) should be separate from each other's processing. Inventory counts and receives and issues. AP enters and pays invoices based on receipts - not current parts.