Why is there not an option to receive inventory from a PO without having to enter it as a bill? For most businesses inventory is received and then a bill follows at a later date. To keep information in real time we need to be able to receive inventory and only enter the bill later on after it is received. The only option we see now is to wait to receive the inventory until we have the bill which is useless. Alternatively we could enter a "bill" as soon as the inventory is received but we will not have the vendor invoice number/date/etc. so that is a poor option as well. 

If I understand correctly the current QBO process is to enter a PO, then create a bill which receives the inventory and creates the inventory/AP entry. It should be a 3 step process: PO, then receive inventory, then create bill. Accounting wise the inventory receipt should increase your inventory and credit a temporary AP account such as "accrued payable". Then when the actual bill is received and posted it moves from accrued payable to A/P.