Currently, misc items and charges only post to the GL when the related invoice is processed. This is a design feature, not a flaw.
Lots of non inventory related purchases are processed as misc items and charges, and, like inventory items, should have the liabiliaty related to the purchase reflected when the goods or services are provided, not when the invoice is received.
Currently, my clients have to print the Purchase Clearing report just for Misc Items, analyse it, summarize the GL entry, and record (with reversal) the entry each much. They are none too happy to do this!
The liability should be established in the Purchase Clearing Account when the Receipt of Goods is processed.
by: Brian C. | over a year ago | Sales & Distribution
Comments
The purpose of receipt of goods is to update inventory. Miscellaneous charges and items don't impact inventory.
Skip receipt of goods and do receipt of invoice and post it to the appropriate date that the service was received.