Inventory Received Not Billed Auto Reconciler |
|
|
| |
All differences between the purchase order values and bill values are posted to a reconciling GL account called "Inventory Received Not Billed". The Inventory Received Not Billed Account SuiteExtender automatically clears differences arising in this account to the correct GL account.
|
|
|
|
|
Edition Supported: |
NetSuite |
|
|
Countries Supported: |
All |
|
|
Support & Maintenance: |
Included |
|
|
Authored by: |
BlueBridge One |
|
|
First Released: |
1-Feb-2008 |
|
|
Last Updated: |
31-Mar-2009 |
|
|
Required External Service/Software: |
None |
|
|
Price: Licence Fee paid annually in advance. |
$230.00 (Ex VAT) |
|
|
|
|
|
|
|
|
|
|
|
Features:
- Automatically clears unwanted variances in the "Received But Not Billed" account created as a result of variance between the Item Receipt value and the Bill value.
- Accounts for any exchange rate fluctuation between the Item Reciept and Bill Entry dates
|
|
|
Benefits:
- Saves time by eliminating the need to manually adjust each Purchase Order line item when entering the related Bill.
- Avoids the accumulation of an unwanted variance in the "Received But Not Billed" account.
|
|
Description:
Each time you process a inventory purchase transaction you stand the chance of creating a reconciling difference in your Inventroy Received Not Billed account. This difference occurs whenever the Purchase Order line item amount differs from the Bill (Purchase Invoce) line item amount. This problem becomes more complex when purchasing from a foreign supplier as the currency could potentially change from the time the Purchase Order was issued to the Bill was received.
A manual workaround exists to correct local purchases but differences on foriegn purchases are virtually impossible to clear at a line item level. The balance in the The Inventory Received Not Billed account should represent the sum of all inventory reciepts not yet billed.
The SuiteExtender automatically corrects any differences including those generated by currency fluctuations. This saves all the time and effort required to manually maintain and clear this account.
|
|
|
If you've purchased Inventory Received Not Billed Auto Reconciler
to read documentation on this SuiteExtender.
|
