RD, RI AND VR

All



Well after all these years I have a new one!



Assumptions: FOB is Shipping point. Therefore I own inventory in transit
from the vendor.



I perform RI (Receipt to Inspection) transactions.

RI's do not generate GL Interface transactions. So I cannot show the value
of the received goods on the GL Accounts (Books)



After inspection I generate a RP (or PQ) for the accepted quantity and a VR
for the rejected quantity.



The VR generates a GL Interface transaction.



Example



RI 100 pcs



RP/PQ Debit Inventory, Credit Goods Received Not Invoices

50 pcs At $1 each is $50.



Then we do a VR for the 50 pcs rejected at $1 for $50.



So here are the transactions in the GL.



RP Debit Inventory $50 Credit Goods Received not Invoiced $50

VR Credit Inventory $50 Credit Goods Received not Invoiced -$50



The result is I just booked 50 pcs of inventory worth $50 for $0 book value?



Is it possible that the RP/PQ receives the entire quantity in and then VR's
out the equal or smaller number?



Kevin

mobile (909) 762-1384