Inventory - Goods in Transit

Renee5

Goods In Transit

 

We often purchase Inventory from overseas. 

 

we recieve a bill for the good and need to pay for it.

 

Once you pay for an order in MYOB is converts to a bill. Once converted to a bill, MYOB receives the goods.

 

However, the goods don't arrive for 30-60 days.

 

How can I pay the bill, but not receive the goods until it arrives.

 

Any suggestions would be very much appreacited. 

Mike_James

Hi @Renee5 , in AccountRIght you could do the following:

- raise a purchase order

- make a payment against the order (AccountRight handles this differently, see notes below)

- (Optionally) do a costing for the shipment

- (Optionally) receive the items when they arrive at full landed cost if you have it

- convert the receipt to a bill, deduct off the additional landed costs to reduce the bill to what you owe the supplier

 

See Landed costs for imported inventory (myob.com)

and Supplier deposits (myob.com)