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
#3

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?

3 Likes
#4

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

#5

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.