Review the setup of Purchase Order Management, including vendors, receiving options, vendor posting groups, and purchasers.
Explain and process purchase transactions, including quotes, blanket orders, and purchase orders.
Review the concept of purchase prices and discounts in relation to item costs.
Explain purchase price setup and processing.
Explain the setup defining the general rules of how discounts post and review invoice and line discount setup and processing.
Explain how to process prepayments on a purchase order.
Outline a complete purchase process and how it connects to other application areas.
Set up a new vendor by filling in a vendor card.
Create, post, and review purchase orders.
Process the receipt and invoicing of inventory items.
Create, post, and review purchase invoices.
Process the purchase of non-inventory goods or services with purchase invoices.
Plan and make payments to creditors.
Adjust general ledger entries with the general journal.
Use general journal registers to follow the audit trail of all transaction types.
Explain use and setup of standard Purchase Codes