We have a customer with terms where we cannot strike an invoice for goods sold to them until they acknowledge receipt of goods.
This means we currently freeze the shipment but don’t confirm until the customer receives goods and notifies us. This is not ideal, inventory looks like it’s still on site when it’s in transit.
Customer needs invoice date to be at earliest when they advise us.
We have investigated Point in Time Recognition, but this doesn't work for this scenario.
I read something about having an 'InTransit' warehouse but I cannot see how inventory ever gets consumed.
Cannot believe we are the only one with terms like this. Would really appreciate someone pointing me in the direction of best process.
