Purchase Invoice Reserves???

[joosh]

Hi

The company I work for has just installed a new software accounting package.

They have asked to use Purchase Invoice Reserves.

Has anyone any experience of using these?

My understanding is that it is a provision account for stock booked in but not yet invoiced? I think I would need to setup a BS account, under Current Liabilities and a P&L account, I think this would be in COS but not sure.

Any help or advice would be great.

Thanks

Jo:|