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Credit Actions can be accessed at A/R / Manage Credit Actions or through the Credit tab on the customer file. The Credit Actions area is like a tickler file. It can be used for collection purposes, such as entering payment promises, or it coul...
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The Inventory Adjustment function under the Inventory menu in Accounting corrects inventory quantities for any reason (shrinkage, damage, package size substitutions, etc.) when the amount of product on hand does not match the computer balance. Inv...
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The final step in processing Inter-Company Transfers is pulling them into a Purchase Invoice using the ICT Vendor. This will move the inventory to company-owned and needs to be done prior to ending the month. Single ICT Add a Purchase Invoice at...
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Multi-location companies often transfer product from one Location to another. It is suggested to have one Inter-Company Transfer vendor used by all Locations. Each transfer entry is associated with that Inter-Company Vendor. At the home office, it i...
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Sometimes it is necessary to void a Purchase Order. Purchase Orders may be voided regardless of the prepay status of the Purchase Orders. If a Purchase Order has been received or invoiced off of at all, it cannot be voided. However, if the PO will ...
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The Purchase Order is updated as product is received and/or invoiced against the PO. Often, the exact amount received varies from the original order. Purchase Orders do not affect inventory, so inventory quantities are not an issue. To mark the Purc...
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Overview Product purchased for a customer and delivered directly to the customer’s site may be entered as a Direct Ship Purchase Order. The vendor invoices the company and the company invoices the customer, but the product is never physically del...
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Purchase Invoices may be voided regardless of whether the bill created by the Purchase Invoice is paid or unpaid. Voiding a Purchase Invoice creates an exact opposite of the original Purchase Invoice, therefore affecting the general ledger an...
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If customers provide information from their bank or farm credit associations, credit lines may be established on the customer file. To select the credit lines, they must first be established at Setup / A/R / Credit Line . Enter the name of the cr...