i am new to the Business Central world, and I am working with Purchase receipts and would just like to confirm that when you receive a Purchase order there are no general ledger postings. I was expecting to see a debit to the stock account and a credit to the goods received not invoiced account, but cannot see that anywhere.
When I post preview the purchase order it seems to post the credit to accounts payable or trade creditors account and debit stock at point of invoicing.
I am used to having a goods receipted report in the purchasing module so I can age the receipts to see how old they are and which suppliers I need to chase for invoices.
As I cannot find any where in the configuration to tell BC which Goods Received not Invoiced account I wish to use, I think my understanding is correct.
Could someone please confirm this as its driving me crazy!!!
There's two Flag in Inventory Setup -
1. Automatic Cost Posting.
2. Expected Cost Posting to G/L.
Study these two and how it works, You will get the answer your question I beleive.