This recipe demonstrates the journal entry review for receipt transactions, and discusses how to:
Review journal entries for receipt transactions
Post receipts
You should set up the processing options for the PO Receipt (P4312) program in order to set up the Journal entry summarization on the Process tab.
1. To post receipts, select Receipts Matching and Posting (G43A15) , G/L Receipt Post.
2. After you review the journal entries, you can post them to the general ledger by using the General Ledger Post.
3. Report program (R09801).
When you enter a formal receipt, the system creates journal entries. That is, it debits an inventory account if it is a stocked line, and otherwise debits the general ledger account and credits a received not vouchered account. The system retrieves the account numbers for which it should create journal entries from AAIs. A separate AAI table exists for inventory accounts and...