Hello All,

I am trying to figure out a setup to fullfill the below Goods-In-Transit process

Our client imports materials and they want the following type of stock in transit accounting:
 
1. PO creation & communication to overseas supplier.
 
2. Forwarding agent lifts the material from overseas supplier plant.
    At this point in time, customer becomes the owner of the stock is liable to pay the supplier.
    Forwarding agent sends shipping documents (supplier invoice plus BOL/AWB by email).
   Based on these shipping documents, stock in transit has to be accounted as follows:

 Accounting Entries should be:

        Stock in transit a/c Dr.
        GR/IR (clearing a/c) Cr.
 
3. Based on these shipping documents, supplier liability will be booked . (stock not yet arrived at customer's warehouse).
    Accounting Entries should be:

       Supplier a/c Cr.
        GR/IR (clearing a/c) Dr.
 
4. Upon receipt of material at customer's place (after local Customs clearing), Goods receipt will be posted
   Accounting Entries should be:

       Stock a/c Dr.
       Stock in transit a/c Cr.

Any Ideas how this can be setup in OpenERP V7 or any other ways to do to achieve the same.

Thanks,

Naran