QuickBooks POS: Effects of a Receiving Voucher

QuickBooks POS: Effects of a Receiving Voucher

[su_button url=”https://sheets.blackrockbusiness.com/effects-of-a-receiving-voucher" target=”blank” style=”flat” background=”#73BA9B” color=”#ffffff” size=”12" center=”yes” radius=”10" icon=”icon: file-pdf-o” icon_color=”#ffffff” title=”Download QuickBooks POS PDF Instruction Tutorial”]Download PDF Instruction Tutorial[/su_button] Let’s discuss about the actual behind-the -scenes effects of saving a receiving voucher. A receiving voucher is a document that is saved and used to bring your products into inventory.

  1. Behind-the-scenes effects when saving a receiving voucher:
  1. If you ordered from your vendor at a slightly different price from its price before, it is going to recalculate the average unit cost in inventory. That’s if the voucher cost is different than your previous order costs.
  2. It’s going to update the items order cost in inventory, whenever the order cost changes when you order.
  3. It’s also going to update item prices if the item price was formerly zero and you’re just receiving it for the first time and it’s going to base that upon your defined margin or mark-up on any price level.
  4. If you already had a price on your item and now you’re having a different cost, it will change your average unit cost along with your actual margin or mark-up statistics. It’s going to update that statistic so you can see that you have a new margin because the discrepancy between cost and price has changed.
  5. It will update the received items last received date.
  6. It’s going to add the voucher to your receiving history, item history and vendor history.
  7. If you’re receiving from a purchase order, it’s going to either close that purchase order because you received everything or it’s going to update the purchase order with what has been received.
  8. It will send over a received ticket expense to QuickBooks Desktop Financial.

Original Article: https://blackrockbusiness.com/quickbooks-pos-effects-of-a-receiving-voucher/?feed_id=4450&_unique_id=623c86d1ba31e

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Peter Eastvold - BlackRock Business

BlackRock Business is a progressive company centered on helping small and medium businesses alike. We are a proud Intuit Solution Provider (QuickBooks / POS).