Purchase Order and Goods Recipt

Question

Pls tell me the differnce between the effects of Purchase Order Form in Purchase A/P Module  and Goods Reciept Form in Inventory Transaction Module ..Both of these increses the qua

Answer 1

Hi,
Yes, you are right but the difference is that Goods Receipt transaction is used to balance the difference between your pyhsical & logical inventory (whenever you take the pyhsical inventory).
I mean say that, the Goods Receipt function enables you to increase the stock level in situations that are not a direct result of a marketing document entry.
When an item is purchased, the warehouse stock is automatically increased when the transactions are entered in Purchasing. For example, if a goods receipt PO is entered, the warehouse stock is increased by the specified quantity when the goods receipt PO is added.
However, the purchase of an item is not the only transaction that results in a goods receipt. For example, a goods receipt may be necessary if, after carrying out a physical inventory, you establish that part of the quantity stored has not been taken into consideration. You can enter the overlooked quantity by means of a goods receipt in the system.
Hope this will help you.
Regards,
Abhishek