Some times we have to pay a bill before we receive the goods so it would be good to show this
You have, received bill with inventory and received inventory without a bill.
What about received bill without inventory
Hi Vanessa. We'll keep this idea open for others to consider, however in the meantime there is a well established process for this, especially when ordering goods from overseas (our Accredited Partners developed this process mainly for that purpose).
Create a current asset account called Goods in transit ** Often the business will create this as a Type = Bank account
Create a cheque to pay this supplier (or use bill / pay bill) however for the account, use the Goods in transit account.
When the goods arrive, create a bill for the inventory, however pay the bill using the Goods in transit account ** If you created this as a bank account, it's easier to pay the bill through the normal 'pay bills' process.
nb. Regarding Tax and GST consequences, especially for goods from overseas, please consult your qualified advisor.