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Renee5's avatar
Renee5
Contributing User
3 months ago
Solved

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...
  • Mike_James's avatar
    3 months ago

    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)