Intercompany shipment/receipt timing issue

Epicor ERP 10
1

Hello,
We regularly ship materials intercompany from Europe to the US or vice versa.
Different companies but related and part of a global reporting group.
Problem is that once parts are shipped from one location it takes a month for them to popup in stock at the related company. So, at global reporting, they are out of sight for a month.
Moreover there is a difference between AR and AP because the AP invoice cannot be entered until the receipt has been entered.

A solution could be to create a “goods in transit” bin in the receiving company - receive the parts there as soon as they are shipped on the other side - and when the parts have really arrived move them from that bin to the “real” bin the warehouse.

Not ideal - so I wonder if there are better solutions…

thanks
Mark

2

That’s exactly what we did.

You may want to add a vote or more to the INCOTERM/FOB Idea which describes this issue too. Epicor is aware of it but four years ago when ASC 606/IFRS 15 was adopted, they said they were not hearing from enough customers to work on it yet.