External material receipts into a storeroom
Specific information is held for processing external receipts through the Materials tab in the Receiving application into a storeroom.
The date and time are used in the Received Date field to determine the financial period for the transaction. The Received Date field defaults to the system date and time.
The Loaded Cost column in the table window represents the cost of material, plus any taxes or standard services that have been added to the line.
Primary transaction
When you save this information, a record is written to the MATRECTRANS table.
An example of receiving 20 bearings at $0.50 each.
| Source of GL account | Debit | Credit | Source of GL account |
|---|---|---|---|
| Purchase order line Debit account | 10 x $0.50 = $5.00 | 20 x $0.50 = $10.00 | Purchase order line Credit account |
All cost entries and calculations are made in the base currency.