Articles
Purchase Receipts in Agvance
As Product is received, the receipt may be entered in Accounting 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’s ...
Consignment
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 quantity ...
Reconciling Estimated Freight from Purchase Receipt
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...
