/
Can Owner's Cost Invoices be Generated in Accounts Receivable?

Can Owner's Cost Invoices be Generated in Accounts Receivable?

Owned by Erik Fritz Loy
Last updated: Apr 26, 2019 by Bernhard HaftingVersion comment

Question

When a cost is flagged in the Port Call Browser as an owners cost for a non-time charter (TC) vessel, an Invoice In document type is created in Accounts Payable. Can a matching Invoice Out transaction to the Owner be generated in Accounts Receivable?

Answer

No, not in Accounts Receivable. The entry will instead appear as a deduction towards the hire in Hire Payable.

Related content