Wednesday, 15 May 2013

Receive Inventory and Payments


         Purchases/Receive Inventory

After recording the purchase order, next step is to record the Receive Inventory.
è Go to Task Menu and select the Purchase/Receive Inventory as shown below in the figure.
è A new window will appear like below.
è  Enter the Vendor ID if you have already saved in the list by clicking on look button and select it.
è  If you didn’t saved any vendor yet make a new vendor account by double clicking in vendor name box, a new window of vendor will appear as we told you before in maintain vendor Account. Make a new vendor and then select it.
è Here you will select the date on which inventory would received. That date should be matched with the Good Thru” “
è  Invoice number is compulsory you can give any number in sequence.
è Here you will select the tab “Apply to purchase Order No.:
è Then select the purchase order No “0004” as shown in the given figure.
è Now enter the quantity of inventory received and unit price.


                         Payments
After recording the Receive Inventory, next step is the payment of the Goods recieved.
è Go to Task Menu and select the Payments as shown below in the figure.

è A new window will appear like below.

è  Enter the Vendor ID if you have already saved in the list by clicking on look button and select it.
è  If you didn’t saved any vendor yet make a new vendor account by double clicking in vendor name box, a new window of vendor will appear as we told you before in maintain vendor Account. Make a new vendor and then select it.
è Here you need to enter the “Check Number” and “Date” which is must. If you are paying the amount in the discounting period then you will be allowed discount and it will appear in the discount column
è Here you can see the invoice number, date Due, Amount Due and discount.
è Here you need to check the “Pay” box.
è If you are doing payment in the discounting period then “Discount Account” will appear and choose the income account by clicking n the look button.

No comments:

Post a Comment