The cost of non-physical inventory items and non inventory items are not posted to the General Ledger until the Purchase Invoice is activated. GST amounts are also not posted until the invoice stage. The journal posting for purchase orders are created when the order is committed. Any changes to a committed purchase order are posted when the changes to the order are saved or when the order is Closed and quantity delivered is less than the ordered quantity.
The cost of non-physical inventory items and non inventory items are not posted to the General Ledger until the Purchase Invoice is activated. GST amounts are also not posted until the invoice stage.
Example
| Ex GST Total | GST | Total Inc GST | |
|---|---|---|---|
| Part A - Physical | 300.00 | 30.00 | 330.00 |
| Part B - Non Physical | 600.00 | 60.00 | 660.00 |
| Part C - Non Inventory | 400.00 | 40.00 | 440.00 |
| Totals | 1,300.00 | 130.00 | 1,430.00 |
Journal
| Ledger | Warehouse Mask | Debit | Credit |
|---|---|---|---|
| Expected Asset - Part A |
|
300.00 | |
| Expected Liability - Part A |
|
300.00 | |
| Totals | 300.00 | 300.00 |
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