Can someone explain the accounting reason why open purchase orders that have not been received do not appear on the Accounts Payable Aging Detail report?
Is there some alternate report that would better show all of your outstanding obligations to pay?
Purchase orders aren't bills so they're not payable.
For the same reason open sales orders do not appear on your accounts receivable. A PO is only a request to purchase services and or goods.
Because until you receive the product (take possession of it) you don't owe a damn thing!
However if you would like there is always the list of open purchase orders.
If they did, they would only be approximations, then you'd have to make corrections when the invoice arrived.
Purchase Orders don't include such things as: the exact, today, current price, freight, allowances for returns, discounts, tax, cancelled line items due to out-of-stock, backorders, bulk pricing, and whimsey.
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