AP-Accrual Inventory Account
The AP-Accrual Inventory account is a liability account
that AccountEdge
uses to hold your item's cost when you Receive Inventory
without a bill.
Suppose you received items from a Vendor and the Vendor hasn't
sent you the bill yet.
If you would like to sell these items, you need to Receive them
into inventory. AccountEdge
allows you to receive the items into inventory without a bill. When
you receive the inventory
items, AccountEdge will put the items into inventory (debit) and
credit the Inventory Accrual
account. When you eventually record the bill, the Inventory Accrual
will be zeroed out (debited)
and moved to your regular Accounts Payable account.