Hi, when I create a PO, accounting distribution shows the purchase expenditure for product account is hit**.**
when PO is invoiced, the purchase expenditure for product account net to zero correctly as per accounting framework AX 2012. there is two entry that net to zero, which is fine. So when vendor invoice is created, vendor balance and inventory receipt are recorded.
However, AX had hit this account when the PO is created per distribution so there an amount is held in that account. Is it a P/L or inventory account? When vendor invoice paid, will “purchase expenditure for product” be affected?
appreciate your help