Enable Provisional Accounting For Non Stock Items

ERPNext
1

Hi,

I see a new option under company setup referred to as ‘Enable Provisional Accounting For Non Stock Items’. Can I know the purpose of it? @rmehta

Will appreciate your response.

1 Like
2

Got the solution. Much awaited functionality is released. Thank You @rmehta

ERPNext Features v13.20.0 and 13.21.0

Provisional accounting for expenses

Deepesh ensured that on posting a purchase receipt for a Non-Stock Item, provisional accounting entries will be passed and the same will be reversed on posting the actual purchase invoice on the invoice posting date.

1 Like
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It is still not clear to me, why we need this feature. What would be a proper use case to use it and what are the financial impacts?

4 Likes
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Is this the reason asset received not billed is nomore posted on purchase receipts?

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There are no ledgers posted for service items in Purchase Receipts, but if you enable provisional accounting, you will have ledgers posted on purchase receipts on provisional accounts.

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is there any documentation available on this feature yet?

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By enabling it the ledgers are posting for Non Stock Items, but when Invoice is also submitted against that Purchase Receipt the ledgers are posting again. I dont understand this.

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Thanks in regards.

10

We also facing same issue.

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Yes we found this issue and there is no trace of this bug.

I will check issue list and try to create an issue ticket on git.

There is no reversal entry after PI.

Maybe this is broken or missed?

A feature of such high impact is added and it is not even documented on official documentation.

12

Not only this, but there are so many more things which are not even documented or explained anywhere

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Yes ERPNext team is always in a rush to push new feature :smiley:

Its an open source project we cannot blame them. We have to provide some from our-self too :wink: