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Entry 6: Receive Goods (Purchase)

Example entry 'Receive Goods' in the 'Purchase (process)' journal after executing the actions 'Receive Goods' and 'Enter Invoice'. Transaction type 08 Purchase Receipt.

 

 

 

Purchase: Receive Goods
   
 Transaction type: 08 Purchase Receipt
 Action: Receive Goods
 Journal: Purchase (process) (10)
   
Seq.no. Description G/L Account Amount DC Type Tranaction Subtype G/L Origin
1 3000x1500x1.5 Plate 304fin2B 3010 (Received material (no invoice)) € 1,000.00 Debit 66 Material Receipt Purchase Group
2 3000x1500x1.5 Plate 304fin2B 1605 (Invoices to be received) € 1,000.00 Credit 68 Invoice Receipt Purchase Group
   
   
 Transaction type: 08 Purchase Receipt
 Action: Enter Invoice
 Journal: Purchase (process) (10)
   
Seq.no. Description G/L Account Amount DC Type Transaction Subtype G/L Origin
2 3000x1500x1.5 Plate 304fin2B 1605 (Invoices to be received) € 1,000.00 Debit 68 Invoice Receipt Purchase Group
1 3000x1500x1.5 Plate 304fin2B 3010 (Received material (no invoice)) € 1,000.00 Credit 66 Material Receipt Purchase Group

 

 

Explanation

  • Transaction type = the journal entry resulting from the action has this transaction type.
  • Action = the action executed by the user.
  • Journal = the journal that is addressed.

 

Knowledge Center
Financial Entries Overview
How to Set Up Purchase Groups
How to Set Up Creditor Groups

 

 

general ledger accountreceive goodsjournalfinancial transactiondebit/creditenter invoicecreditor grouppurchase grouptransaction typejournal entrytransaction subtypetransaction type 08 purchase receipttransaction subtype 66 material receipttransaction subtype 68 invoice receipt