FrontAccounting forum — Direct Invoice Question

Re: Direct Invoice Question

2010-03-23T14:31:01Z

Thanks - I see that now. I was looking for the info on the View GL Posting screen after placing the invoice, but I really should have been examing the actual GL transactions.

Re: Direct Invoice Question

2010-03-23T00:23:49Z

Please look at the underlying delivery (dispatch) note. It is referenced as 'auto'.
Here you will see the inventory and COGS GL postings.

/Joe

Direct Invoice Question

2010-03-22T20:39:19Z

I have been using the demo company in FA to try to gain some experience with it, and I am somewhat confused by the GL posting of a direct invoice. If I direct invoice a "purchased" inventory item, and I view the GL entries after placing the invoice, I only see a credit to sales and a debit to A/R.

I was expecting to also see a credit to my inventory account, and a debit to COGS, like you see with a Direct Delivery. When or how are the inventory accounts updated with a Direct Invoice?

thanks,

Anthony