Can I date a Supplier Invoice prior to the Receive of goods?

KB360

Overview

Yes, you can, but you need to understand the impact it will have on your financials.

If you put through an invoice prior to the goods being received, then there will be no change to your stock or expenses; it will simply increase what you owe to the supplier and decrease your un-invoiced receives liability.

When the Receive transaction is put through, it will increase you "un-invoiced receives" liability and increase your Stock on Hand (or expenses).

  1. RECEIVES
    • DR Stock on hand
    • CR un-invoiced Receives
  2. INVOICES
    • DR un-invoiced Receives
    • CR supplier

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Last edit: 25/09/23