When the invoice is received in the provisional warehousing, the following 3 steps need to be made according to the specific situation:
1.Confirm whether the invoice amount is consistent with the provisional inbound unit price. If the invoice amount is greater or less than the tentative inbound unit price, you need to make the corresponding adjustment. Here's how:
If the invoice amount is greater than the provisional inbound unit price, the Pending Balance is registered on the debit side and the invoice amount is registered on the credit side
If the invoice amount is less than the provisional inbound unit price, the invoice amount is registered on the debit side and the provisional inbound unit price is registered on the credit side. At the same time, the difference is recorded in the pending balance.
2.Transfer the amount of the invoice received from the pending balance to the relevant account。Here's how:
If the invoice amount is positive, i.e. the invoice amount is greater than the pending balance, the difference between the invoice amount and the pending balance is registered on the debit side (i.e. the invoice amount minus the pending balance) and the "inventory" is registered on the credit side
If the invoice amount is negative, i.e. the invoice amount is less than the pending balance, the invoice amount, the pending balance, and the difference between the negative number (i.e., the invoice amount minus the pending balance) are registered on the debtor side, and accounts such as "bank deposits" are registered on the asset side.
3.Carry forward on the inventory account. Here's how:
If the invoice amount is positive, the difference between the invoice amount and the pending balance is registered on the inventory account, i.e., the invoice amount minus the pending balance
If the invoice amount is negative, the difference between the pending balance and the invoice amount is registered on the inventory account, i.e. the pending balance minus the invoice amount.