Hi, from a PO receipt and PO Invoice perspective, there are two receipt accounts - "Product Receipt" and “Purchase, Inventory Receipt”. We notice that for a given period, Product Receipt is showing a negative balance based on the voucher transactions that I pulled for these two posting types.
From what I understand, “product receipt” is recorded when PO is product Receipt updated. When PO is invoice updated, this account is reversed and a new inventory asset account “Purchase, Inventory Receipt” is recorded. The reversal is per Qty on the vendor invoice that match to PO Product receipt.
Either Product Receipt is either zero or will have a positive balance. But why it shows a negative balance? Will this pose inventory to GL reconciliation issue? We are using a one ledger account “25000” for both of these.
Appreciate your thoughts