Set up an accrual account for items received

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When you record items received without a supplier bill, you need to allocate the anticipated purchase amount to an accounts payable or inventory accrual account. If you haven't set up a linked account for items received, the following message displays when trying to receive items against a supplier order:

If the account does not exist, you need to create it. The account should be a liability account named, for example, ‘AP Accrual - Inventory’. For information on creating an account, see Set up accounts.

Before you can allocate transactions to this account, you need to make it the linked account for items received without a supplier bill.

To link an account for items received

1. Go to the Setup menu, choose Linked Accounts and then Purchases Accounts. The Purchases Linked Accounts window appears.

2. Select the I can receive items without a Supplier bill option.

3. In the Liability Account for Item Receipt field, enter the inventory accrual account.

4. Click OK.