Inventory - Goods in Transit
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.
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
