What accounting entries occur when finally close
Posted: Tue Mar 06, 2012 9:40 am
What accounting entries occur when you finally close a PO which has an uninvoiced receipt?
Hi tshepom
According to my knowledge, no account entries was created when you change the PO status to be finally close.
This status make the PO is closed for everything, no return can be made, no received or delivered on that PO & you can't match the AP invoice with that PO.
So no account entries will made but the PO status will be prevent some transactions on that PO.
Thanks
Hisham