USA Question regarding PO clearing account

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Our company use a PO clearing account for inventory received but invoice not yet received from vendor. Sometimes inventory received without a PO. Will this affect the cost of good sold account? thank you
 

Steve-LevelUp

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This depends on the system you use. How do you record the inventory received if you do not have a PO to record against?
 
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Thank you so much for replying

It is recorded against the change in inventory account. So basically I need to make journal entry to

Dr Cost of goods sold
Cr PO clearing account

Does this sound right?

thank you
 

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