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Enter Bills for Inventory Items without affecting Quantity on Hand (QOH)

While setting up Inventory Items, items were recorded with quantity on hand (QOH)only and no value on hand (VOH). Now you need to add the VOH and create a payable to the Vendor.

How to fix it
You need to enter two transactions for each item
  1. A bill to create the payable, debiting expense and crediting Accounts Payable.
  2. An inventory adjustment to debit inventory and credit expense, to capitalize the expense into the inventory asset.
KB ID# SLN43868
10/26/2016 8:14:56 AM
PPRDQSSWS400 9138 Pro 2017 eaba24