If due to shipment policies, your organisation processes customer invoices later than
it does inventory issues, you can first create issues and then generate invoices.
You can create an inventory issue for a particular order by clicking Actions - Update inventory in the toolbar of the Shipments (SO302000)
window, or you can create inventory issues for multiple selected
shipments by executing the Update inventory action in the Process shipments (SO503000) window.
You can prepare an invoice for a particular order by clicking Actions - Prepare invoice in the toolbar of the Shipments (SO302000) window, or
you can create invoices for multiple selected shipments by executing the
Prepare invoice action in the Process shipments (SO503000) window.
To adjust the dates in the invoices generated for confirmed shipments, you can use
the Use shipment date for invoice date check box in the Sales order preferences (SO101000) window as follows:
- Select this check box to set the shipment date as the invoice date
- Clear the check box to use the current business date as the default date for
the invoice
If there is a significant time interval between the release of issues and the release of
invoices in your organisation, you may need to delay posting the costs to the COGS
accounts.
To do this, select the Use shipped-not-invoiced
account check box in the Sales order preferences (SO101000)window, and then select the appropriate Shipped-not-invoiced
account field and Shipped-not-invoiced sub account to be
used to temporarily record the costs.
After that, on release of issues, the costs of
shipped items will be temporarily recorded to this shipped-not-invoiced account
(with the specified subaccount); then later, on release of invoices, the costs will
be moved from the shipped-not-invoiced account to the appropriate COGS /expense
accounts.