Journal Entries Generated by Purchase Orders
This topic describes the general ledger journal entries that are created for Purchase Orders transactions. Purchase Orders journal entries are created in two stages: posting or Day End processing creates inventory entries (or general ledger entries, if you do not use Inventory Control) from receipts and returns, and Accounts Payable posting creates entries from invoices, returns, credit notes, and debit notes. (No general ledger transactions are created from requisitions or purchase orders.)
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If you use the Create Batch form to produce the general ledger transaction batches for Purchase Orders, you can print the G/L Transactions report and check the entries before creating G/L batches.
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If you do not use the option, the transactions are created and the report information deleted by posting or Day End Processing (depending on when you cost inventory), and you must use the G/L Listing in General Ledger to see the information.
Taxes. Allocated taxes are posted to the same general ledger accounts as their corresponding item or additional cost details. Recoverable and expensed taxes are posted to the accounts specified for the tax authorities in Tax Services.
For information about the general ledger transactions created for a particular Purchase Orders transaction type, choose from the following:
See also