That’s fine in theory but if you have a lot of transactions, it falls apart because if there is discrepancy, it’s sometime impossible to reconcile because you are faced with full ledger of all receipts and delivery notes from the beginning of times. Sometime you pay for item A and receive item B. When you realize there is an issue with quantities, it’s like finding needle in a haystack.
That’s why I insist on using Sales Orders to track deliveries. You divide this full ledger into separate “units of work” and if something does not reconcile, it’s a matter of finding open sales order.
My view is that Receipts are really for when you get paid and dispatch goods at the same time. If there is a time gap between when money is received and when delivery of goods is made, businesses will have to use Sales Orders to group these related transactions together.
If business does not want to use Sales Invoices, it’s perfectly fine. You can use Sales Orders just to track Qty to deliver. Under Sales Orders tab you can use Edit column button to disable columns related to invoicing.
Obviously the workflow can be simplified further by it needs to be in logical way.