Delivery? Use Shipped Goods Account
You know exactly what’s going on in the warehouse, everything is counted and all the quantities are entered to the system. That’s great, but what about the books? If your company manages perpetual inventory, SAP Business One enables you to maintain transparency and reflect inventory transactions in the respective accounts. You can choose whether to post the transaction of delivery to the shipped goods account instead of COGS account. This setting is available in both company level and customer level:
If you select the above option, the delivery is posted to the shipped goods account, and only when the invoice is issued the transaction is recorded to the COGS account. This option is very useful in cases where the delivery and invoice are issued in different posting periods.
Available since SAP Business One 9.2, version for SAP HANA and SAP Business One 9.2. This tip and all the other tips are available on the Tip of the week community page. You can also visit the Implementation Arena for useful implementation tips.