What is the Delivered Liability account in Jiwa

Question

 What is the delivered liability account in Jiwa and how do I check its balance?

Answer

The delivered liability account represents stock that has been received into the warehouse but the supplier invoice has not been entered yet.  It’s like a suspense account that represents your liability for stock received, pending entry of the actual invoice.

It is used for local stock received on GRNS, and imported stock booked in on shipments.

The delivered liability account is settled / contra'd when the supplier invoice has been entered.

See this very simple example of the journals:

At the time of bookin or receival

At the time of supplier invoice entry

The balance of the delivered liability account can be reconciled by running two reports from the Purchasing menu

• Purchasing > Reports Goods Received Notes Uninvoiced

• Purchasing > Landed Cost > Reports Inventory Booked In But Not Invoiced

Make sure you set the correct As At date when running those reports.

The delivered liability and delivered asset accounts are determined by the ledgers attached to the inventory items through the inventory classification.  The account is a balance sheet account.  It’s usually set as a current liability account.