Hi experts,
Sales andd purchase transactions can be setup using interim accounts and without interim accounts( that means directly debiting and crediting respective accounts.
But plz clear me what are the differences in results we get if we use interim accounts also i know interim accounts are used for the goods received or shipped but not invoiced.
The Inventory Posting Setup Table
This field contains the number of the G/L account to which you want the program to post transactions with the expected cost for items in this combination of location and inventory posting group.
The interim account is balanced with the account in the Inventory Account field when the item is invoiced.
BTW, the upper is Copy-Paste from F1-Help [:@]