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

[<je...@ix...>]

It should though, my exact situation was we received the product on the
last day of May, and the invoice from our vendor hasn't arrived in the mail
yet. What do I do with my Balance Sheet? My inventory is understated by
150k at least.

Jeff


On Mon, 01 Jun 2009 21:14:28 +0000, David Boyle <dav...@sb...>
wrote:
> 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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> 
>
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> looking to deploy the next generation of Solaris that includes the latest
> innovations from Sun and the OpenSource community. Download a copy and
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