Invoiced but not delivered.

[former_member202778]

Hi all,

I have a customer who does a/r reserve invoices and process the delivery later.

The issue in sap is a/r reserve invoice posts the revenue entry but does not post anything related to cost. Cost of sales is posted with delivery note.

Sometimes both entries falls in to two months and financial report shows cost of sales and revenue in two different months.

Is there any solution for this

Kind Regards

[Former Member]

You could consider using down payment invoices for the original invoice and then raise the final invoice at the time of delivery. This does have a little more work entailed, but does provide the benefit of ensuring revenue recognition is more correct.

[Former Member]

There is no easy solution for this one.

You would need to identify such AR Invoices, post a JE on month end and reverse it on 1st or next day. This could give you the correct figures for revenue.

This is not an ideal accouting practice but this is what you could do or suggest to your client.

Thanks,

Joseph

[frank_wang6]

You are not looking for a solution, but for a choice.

As Johan said, u can either back date the Delivery to make them same period, or leave them in two period to reflect the true situation.

Frank

[former_member202778]

Is there any solution for this? I kinda believe there is no solution.

I prefer second journal entry to "Goods Invoiced but Not Delivered" and cost of sales to be updated with reserve invoice and with the delivery note inventory to be removed with the value in "Goods Invoiced but Not Delivered"

Kind Regards

[Johan_H]

Hi,

You could back date the delivery note, to fall within the same month.

Regards,

Johan