On 03/09/10 14:15, Chris Travers wrote:
On Tue, Mar 9, 2010 at 11:32 AM, Joseph <..hidden..> wrote:How to handle correclty pre-paid inventory?Can you be more specific? What do you mean "pre-paid?" Best Wishes, Chris Travers
What I mean is you pay for supplies/goods first before you receive them.Eg. Supplier sends me "proforma invoice" and I pay it but I don't receive the goods till maybe after two months; meantime I have to reconcile the bank statement.
-- Joseph