When you receive merchandise with the Receiving Report (RRP), the Purchasing Passoff feature allows you to create transactions in Accounts Payable. These transactions are either temporary or regular vouchers and are the same as the vouchers you add in the New A/P Transactions window (ATMU).
Time savings. The system automatically adds accounts payable vouchers (regular and temporary) in New A/P Transactions (ATMU).
Reduced inventory cost variances. You can reconcile accounts payable vouchers to your receiving document, which may minimize the amount of inventory cost variance that you may write off. This also means you may spend less time tracking down the difference between receipts (in Receiving) and the invoice.
Accurate financial statements. Your balance sheet immediately reflects merchandise receipts, which keeps your financial statements current.
Before you use Purchasing Passoff to A/P you must first complete the setup procedures in the topic Setting Up Purchasing Passoff to Accounts Payable Overview. After you complete the setup procedures, then you must select a Purchasing Passoff to A/P method.
It is also important that you try completing the procedures above while in the Training Mode before completing them in Live Mode. Otherwise, you risk changing or losing permanent information that may be set up in the Live Mode. Live Mode data is the real information on your Epicor Eagle system, such as customer names, customer balances, inventory numbers, sales histories, and purchase orders.