Delivery Later must refer to SO and the sales invoice to be issued before delivery note.
When booking invoice of delivery later, a double entry of Inventory Transactions entries to be generate for off-set the transaction.
The inventory entry will be generated when the delivery note is posted.
Sample entries for delivery later as below:
| Transaction | Dr. | Cr. | |
|---|---|---|---|
| Sales Invoice | Entry 1 | COGS | Inventory |
| Entry 2 | Inventory | GOGS | |
| Entry 3 | Sales | Account Receivable | |
Shipment (Delivery note) | Entry 1 | COGS (Interim) | Inventory (Interim) |