Forum Discussion

Renee5's avatar
Renee5
Contributing User
9 months ago

Inventory - Goods in Transit

Goods In Transit

 

We often purchase Inventory from overseas. 

 

we recieve a bill for the good and need to pay for it.

 

Once you pay for an order in MYOB is converts to a bill. Once converted to a bill, MYOB receives the goods.

 

However, the goods don't arrive for 30-60 days.

 

How can I pay the bill, but not receive the goods until it arrives.

 

Any suggestions would be very much appreacited. 

  • Hi Renee5 , in AccountRIght you could do the following:

    - raise a purchase order

    - make a payment against the order (AccountRight handles this differently, see notes below)

    - (Optionally) do a costing for the shipment

    - (Optionally) receive the items when they arrive at full landed cost if you have it

    - convert the receipt to a bill, deduct off the additional landed costs to reduce the bill to what you owe the supplier

     

    See Landed costs for imported inventory (myob.com)

    and Supplier deposits (myob.com)

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator

    Hi Renee5,

    Thanks for your post, and we're pleased to hear that the solution provided by Mike_James has resolved your issue. If you have any further queries, please feel free to start a new post, and one of us will be happy to assist you.

     

    Regards,
    Earl

  • Mike_James's avatar
    Mike_James
    Ultimate Cover User

    Hi Renee5 , in AccountRIght you could do the following:

    - raise a purchase order

    - make a payment against the order (AccountRight handles this differently, see notes below)

    - (Optionally) do a costing for the shipment

    - (Optionally) receive the items when they arrive at full landed cost if you have it

    - convert the receipt to a bill, deduct off the additional landed costs to reduce the bill to what you owe the supplier

     

    See Landed costs for imported inventory (myob.com)

    and Supplier deposits (myob.com)

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