An item receipt is in fact a posting transaction. Your balance sheet is affected. Both inventory and accounts payable will increase from an item receipt as you ...
The reason that this creates a credit memo is a little confusing but it results from the journal entry that is created as a result of recording the bounced chec...
The best way to view open item receipts that need to be matched to the corresponding bill yet, is by going to Reports>Purchases>Purchase by Vendor Detail. You c...
