What is an OPEN PURCHASE ORDER, What is the difference between POSTING JOURNALS and UNPOSTING JOURNALS, What is the need for posting journals in GL module?

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rakesh.apps

  • Aug 8th, 2007
 

Purchase Order whose status is OPEN is called?OPEN?Purchase?Order
That means the PO is raised say some item x 50kgs,?but?the?supplier?send?the?x?item?say?25?in?one?shipment i.e?still?supplier?has?to?send the another 25kgs to fulfill?the?PO,?then?that?PO?is?said?to?be?OPEN?Purchase?Order.

rajeshnrk8

  • Mar 25th, 2009
 

Posting journals will have the status as 'P'. We need to post the journals in order to reflect the journals amount in the financial statements.

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