What is an IPR ?
Purpose.
The purpose of the Invoice Processing Receipt (IPR) is to register the delivery of goods to a third party intermediary on a particular date. The process registers the fact that the ownership of the goods have moved from the supplying party to the purchasing party, and by so doing, registers the date of payment based on the payment terms of the Purchase Order (PO).
How to create an IPR.
An IPR is created from a button on the PO Main Screen.