What should you do to receive a not stocked item using the item arrival process?

To receive a not stocked item using the item arrival process, registering the item and creating a product receipt is the correct approach. This process is specifically designed for handling items that are not maintained in inventory. By registering the item, you ensure that it is formally recorded in the system, which is critical for tracking and accounting purposes. Following this, creating a product receipt allows for the documentation of the receipt of goods, which serves as proof of delivery and facilitates appropriate financial and logistical processes.

This method helps ensure accurate inventory management and provides a clear structure for handling items that do not require traditional stocking methods. The product receipt captures important details such as quantities received, vendor information, and any additional relevant information that may be needed for transactions or reporting purposes.

In contrast, creating a receipts list or an item arrival journal would not adequately address the requirements for not stocked items as they are meant for different operational processes. A stock movement journal typically applies to items that already exist in inventory and thus would not be appropriate for the specific handling of not stocked items.