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Purchase Order Creation

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The requirements in order to create a PO are,

  • Date of the order

  • FOB shipping information

  • Discount terms

  • Names of the buyer and vendor

  • Description of the goods being purchased

  • Item number

  • Price

  • Quantity

  • PO number

Steps to create Purchase Order

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  1. FOC (Free of Cost) Quantity - Adjusting this quantity will update the stock but will not affect the price.

  2. Disc Perc (%) and Disc Amount - Only use one of these fields. Using one of these fields will impact the other.

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  1. Tax - Already added tax percentages will be listed. Choose the applicable tax or leave it blank.

  2. Net Discount - This amount will be deducted from the subtotal.

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  1. Subtotal - Reflects the cost of the order.

  2. Grand Total - Sum of the subtotal and tax.

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Step 4: Saving the Purchase Order

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Once the PO is created and approved, the next step will be generating the purchase invoicereceive receipt.