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Answer Posted / mallikharjuna reddy
when we make po there is entry reason is po is a event , but not a transaction.
at the time of receipt.
inventory receiving a/c-dr
to ap accural a/c
at the time receiving goods
inventory validation a/c-dr
to inventory receving a/c
at the time of payable create
ap accural a/c-dr
to liability a/c
at the time of invoice is paid
liability a/c-dr
to cash clearing a/c
at the time of cash actual payment
cash clearing a/c-dr
to cash a/c
then recouncialition
cash clearing a/c-dr
to cash a/c
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I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
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