2. Purchase

2. Purchase

In this training lesson, we will purchase some items, analyze financial transactions, and run Financial statements.

The same will be used. Let’s assume that the company decides to purchase 10 items of 1003 (Plasma Television Model 01) from the 1002 (Wind Televisions) vendor.

Creating a Purchase Order

First of all, a purchase order should be created. Open the Purchase order form by navigating to

Accounts payable > Common Forms > Purchase Order Details. The Purchase order form opens. (Click the Advanced button to have the advanced form layout.)

Figure 2.1 Purchase order form

Create a purchase order for the vendor 1002. In the Purchase order form, create a new line. The Create purchase order form opens. Select the vendor 1002 in the Vendor account field. The Transfer vendor information box opens, click Yes

.