[Lewis Rosenberg]

?Hello Friends!

I wanted to see if anyone else had the same or similar requirement that I was asked about today.

 

For some customer ship-to’s we do not want to invoice a sales order until the shipment has arrived and been received at the ship-to address.

There is a desire to show this inventory as “in-transit” (or at least that we still own it) until the customer has received it.

 

We currently ship our finished goods from a Directed Put-away and Pick Location and use Lanham eShip and EDI which enables us to send ASNs.

Currently inventory leaves NAV when the Warehouse Shipment is posted. We can probably delay invoice creation by managing posting dates.

#NAV2013R2
#Trade
#Supply Chain and Logistics Manager

???????

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Lewis Rosenberg
IT Manager
Mars Fishcare
Chalfont PA

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[Pratik Patel]

Lewis,

We currently came across the same scenario due to updated banking requirements. We tackled it by procedure. Because this was driven by bank’s financial requirement, for the inventory in-transit, the Interim CoGs and Interim Inventory dollars provided accurate information regarding dollars shipped but not invoiced and technically still our asset.

Our invoicing dept reviews the shipped not invoiced list page in NAV, and based on either experience or confirmation that the shipment is delivered, the order is then invoiced using the delivery date as the posting date.

I hope this helps you.

Is your team’s requirement due to bank/financial request? Or is it one level deeper where the Item/Quantity in transit is required to be known?

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Pratik Patel
Symbex Companies
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[Jim Augenstein]

Hi Lewis:

I think I must be missing facts here. NAV allows as posting options: Ship, Invoice, and Ship & Invoice and E-Ship allows you to Post or not post, and if posting, to Ship or Ship & Invoice but if you need to send the ASN, then Posting the Warehouse Shipment from E-Ship is the right choice.

(Turn on the Job Queue and the ASN gets sent automatically of course.)

When you get POD, then you can Invoice but I am guessing that you already know this, so what am I missing? BTW, I assume you don’t mean invoice the ShipTo.

If the heart of your question is to the inventory in transit from a balance sheet perspective with respect to an INCOTERM of FBO destination, I defer to the Debit/Credit guru’s out there. 

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Jim Augenstein
Channel Manager
Aliso Viejo CA
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