Re: [SL] SL: Receiving Product - value of inventory not changing, yet quantity in stock does?

[David B. <dav...@sb...>]

Inventory value does not increase until you book a vendor invoice
against the PO.

On Mon, 2009-06-01 at 14:03 -0700, je...@ix... wrote:
> This is a strange situation.
> 
> We created a purchase order for some product. Today we received the
> product.
> I see that our quantity received, has increased by the correct amount,
> however the value of our inventory has not changed. The PO is currently
> open.
> 
> Why would my inventory value not increase?
> 
> 
> The part looks correctly setup, inventory to the inventory account, income
> to our sales account, and expense to cost of goods sold expense account.
> 
> 
> Jeff
> 
> 
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