| Description |
AR Invoice - Reduce inventory on invoice
Shipment is mandatory if items are lot tracked. Invoice does not have option to pick lots
Sales is basically for:
AR - dr
Sales Revenue - cr
Stock reduction for sales is basically:
COGS - dr
Inventory (or can be Inventory In-Transit) - cr
So we can do it this way:
1. If an item is added into the sales invoice but was not shipped, the sales invoice will reduce the stock, post an increase to COGS, and decrease in Inventory (not the Inventory In-Transit).
2. If an item is was shipped and converted into a sales invoice, the sales invoice will NOT reduce the stock. It will, however, have to post and increase COGS and reduce the Inventory In-Transit.
Also the price on invoice could be different from the price on shipment. Adjustment entries has to be made, if there are differences.
[~lawrence.zabala] for your info
[~smith.dejesus] you will have to call the inventory procedure in invoice screen.
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