Sage 100

For all of you CPA's out there, is Sage non-GAAP compliant on Misc. Items that you purchase and receive the goods but NO GL postings are made? Obviously if you have inventory items you get the Purchases Clearing posting on ROG, but is this a gap n GAAP why Sage's Misc. Items don't do this? @Sage100Routine #beenbuggingmeforever

Not sure on the GAAP but there is an enhancement that allows for posting at time of receipt. I can't imagine it's non-compliant since it's non inventory it's like every other AP invoice, so should there be postings when you receive office supplies in 1 month but not the invoice till the next month? No.

Why would miscellaneous items not post to purchase clearing? Misc. items are or should be non-stock, therefore an expense not an asset. Misc. Items are not recognized as received in PO until the invoice posts.

Let me be a little more specific. Landed costs are entered as misc. items on the PO; the landed costs are received and are added to the Landed Cost entry screen in the ROG; since Sage does not make an accrual posting for misc. items on ROG, and these costs are part of the inventory cost, the accrual should post for these. Assigning a purchases clearing account to the Landed Cost Type isn't the right solution either because if the invoice for the costs which were received and landed are different, then guess what you have no PPV like you should because the purchases clearing for the LC's doesn't clear out. What are the GAAP rules on the additional costs that you land with the receipt of the inventory item - are those costs supposed to accrue?

Don't think this is a GAAP issue but rather a short sighted Sage issue. There are many bugs in the purchases clearing process that bug me. Back in Vegas, Diane Coffman started a discussion on these issues but to my knowledge, it went no where fast.