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 · Accepted solution]

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)

[Earl_HD]

Hi @Renee5,

Thanks for your post, and we're pleased to hear that the solution provided by Mike_James has resolved your issue. If you have any further queries, please feel free to start a new post, and one of us will be happy to assist you.

Regards,
Earl