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I created Expense item in item master..inventory flag is unchecked.
i have given Exp a/c in purchasing tab..
When i am reving ..receiving Acrrual a/c is defaulting.
In purchasing optin also ap expense at receipt.

A/c should be like Exp/asset a/c(dr) and Accrued exp (cr)


Thanks
Swamy

Swami,just check out the inventory organisation setup and look for what are the default account code combination assigned to it.
thanks
srinibas

Thanks srinibas...can you tell me which entry will come when i match receipt(asset item) to invoice...


Thanks
Swamy

Hi Swamy,

Wen u Match Receipt to Invoice(as it is expense item) entry will be:-

Expense AP Accrual Dr (Defaults from Purchasing Options in Purchasing Module)

Liability account Cr (Defaults from Supplier which inturn defaults from financial options)


Regards,
Subramanian KN.


[quote]Thanks srinibas...can you tell me which entry will come when i match receipt(asset item) to invoice...


Thanks
Swamy

<i><div align="right">Originally posted by byswamy

If i match Asset item receipt to payable invoices.
If i run the mass additions can payable transfer the asset to Assets.
And the entries of these payable invoices.


Thanks for your valueble inputs


Thanks
Swamy

Whenever you receive Receiving accrual Acc will get Cr.

Go to Inventory responsibility and see the Material Distribution, there you shall see the Expense Accrual Account.