3 way match / Product receipt posting profile

I am working on 3 way match invoice set up

One of requirement is when product received, should need to create entry :

Debit : Product received (based on account: expense or asset)
Credit : GR/IR (goods received/invoice not received)  vendor clearing account

Once invoice received :
Debit : GR/IR 
Credit : Vendor account 

Any suggestion with regards to setting up posting profile under Inventory management – posting – purchase order / receipt

screen shot attached

Thanks and kind regards

I believe you have this correct, once you fill in accounts there you are good to go. Ensure that the “Post physical” checkbox in the Item Model Group is checked as well.

Thanks,

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Arush Kuthiala
Western Computer
Toronto ON
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