Purchase Receipts

Overview As product is received, the receipt may be entered at Inventory / Purchase Receipts using the bill of lading ticket and optionally referencing a Purchase Order. This action increases the amount of product on hand. If the product’...

Sometimes a Purchase Receipt is entered for the incorrect product or quantity and should be voided. Voiding the Purchase Receipt is done from Accounting / Inventory / Purchase Receipt . Select the Purchase Receipt and choose Void . If a Purchase R...

Consignment is a common situation in which the vendor stores product at the company's location for use but doesn't bill the product until it is sold. The vendor is notified to release a quantity of the product at which time a bill for that q...

If Estimated Freight is reconciled from Purchase Receipts instead of Purchase Invoices, the Freight Reconciliation Summary report can be used to verify the Estimated Freight Liability account balance. It is important that freight be reconciled on a...