Journal Entires for Receipts

[deeparchana]

Hi All,

Can anybody suggest me regarding below issue.

PO No. 58198 Need by date 1-Aug-2007 ? Direct Delivery

Received on 1-Aug-2007, Receipt No. 58198, delivered at Customer Sub inventory. Locator is Custrd- A Rufai ? Rufai.

Dr 10209020010 ? Material Account

Cr 10202010120 ? Receiving Inventory Account.

PO No 58196 Need by date 1-Aug-2007 ? Standard Receipt

Received on 1-Aug-2007, Receipt No. 58196, First received and then delivered

Locator is Custrd- A Rufai ? Rufai.

Dr 10209020010 ? Material Account

Cr 10202010120 ? Receiving Inventory Account.

When I did the receipt routing differently also the same one journal entry is being created in Inventory.

What about the first entry? That is:

Dr Receiving Inventory

Cr Inventory AP Accrual Account.

When I match the Receipt to the Invoice, the entry created is:

Dr Inventory AP Accrual

Cr Liability Account.

Thanks in advance
Archana

[ahsan.global]

Archana...
I am little bit confuse about what are u asking for...
Item Receiving is part of Oracle Purchasing not part of Oracle Inventory...
So when you receive items in receiving...system generats below mentioned entry...in Oracle Purchasing

DR Receiving Inventory A/C
CR Inventory AP Accrual A/C

When Item get passed quality assurance as Accept or rejects., system will generates following accounting entry...in Oracle INV

DR Material Inventory A/C
CR Receiving Inventory A/C

On matching invoices with PO in Oracle AP, system generates following accounting entry

DR Inventory AP Accrual A/C
CR Supplier's Liability A/C

If item gets rejected, system will generates reverse accounting entry as follows.

DR Inventory Accrual A/C
CR Inventory Receiving A/C

Hope that clarify your situation...