Financial transactions related to PO receipt, Invoice matching and approval

Hello Everyone,

I was just exploring what entries are passed in Baan Finance from PO receipt to invoice matching and approval.

I did one cycle myself and analysed entries and the document is attached. It is as given below:

PO Receipt
Dr. Interim transit
Cr. Invoice accrual

When Invoice is matched
Dr. Supplier registered invoices
Cr. Supplier control account

When invoice is approved
Dr. Invoice accrual
Dr. Supplier registered invoices

My question is that Invoice Accrual and Supplier Registered invoices both are squared off (once debited and credited). But when will my raw material account will hit? (get debited because I am purchasing raw material).

What I mean is when interim transit will credited and actual account will be debited?

Can someone explain with example the Financial flow from Purchase receipt->Invoice matching->invoice approval?

Regards,
Vishal

Attached Files

Purchase to Finance Integration.xls (30.5 KB)