Goods Receipt Posting to Balance Sheet

[former_member355038]

Hi

When we carry out a Goods Receipt, the system posts an amount dirently to the P&L. As we want to accure the cost we then journal the value out of the P&L and onto a Balance Sheet. Is it possible that we post this amount directly to the Balance Sheet to avoid the manual journal?

Here are steps we currently do:

Steps	Transaction	P&L	B/S
1	Journal to accure cost	100	(100)
2	Goods Receipt hits same accounts as step 1	100	(100)
3	Manual journal to clear entries from step 1	100	100

thanks

Joe

[former_member222241 · Accepted solution]

Hi,

It is going to P & L account as you might have assigned P & L account instead please assign balance sheet account and account type as Current Liabilities - Payable.

Hope this solves your issue else revert.

Regards,

Tejas

.

[former_member355038]

Hi,

I think the question I really should be asking is it possible to post to more than just 2 accounts at the time of posting the good receipt? which would combine both steps 2 &3.

thanks

Joe

[former_member198650]

Hi,

It is not possible.

Regards,

Mukthar

[former_member198650]

Hi Joe,

At the time of PO creation, have you maintained any account assignment category? Please clarify us.

Regards,

Mukthar

[suma_mani]

Hi Joe,

Goods receipt agianst Purchase order or else process order ? Kindly give us more details to us.

Regards

Mani Kumar