Purchase Invoice
The Purchase Invoice is a new transaction created to separate the process of receiving stock from the process of paying Suppliers. Goods Receipts will assign received products into Inventory while Purchase Invoices will pay suppliers for those Products and Services.
Migration of Goods Receipts to Purchase Invoices
Convert a Purchase Order to a Goods Receipt.
Convert the same Purchase Order to a Purchase Invoice.
Convert a Goods Receipt to a Purchase Invoice.
The Purchase Invoice is the last transaction in the purchase process and is the base transaction for accounting for the value of the purchases.
You can use a Purchase Invoice to:
Apply deposits made on an Order or adjust a Debit Note against amounts due to the Suppliers.
Update the last cost of the Products.
Distribute freight payable on Products to the product value.
Account for payables to Suppliers.
Convert an Existing Purchase Order to a Purchase Invoice
You can convert a Purchase Order to an Invoice by selecting the Invoice option in the Purchase Order Transaction.
Menu Path: Purchase Order Transaction > Menu > Process > Invoice
Creating Purchase Invoice
Menu Path: Purchases > Purchase Invoices > Menu > New
Select Supplier, Products, and Quantity to invoice and save
