5. Bill v Purchase Order - Revision history

Angelica: /* Overview */

2014-11-18T19:13:54Z

‎Overview

Omer Farooq: /* Overview */

2014-08-28T07:02:15Z

‎Overview

Omer Farooq at 05:12, 28 August 2014

2014-08-28T05:12:57Z

Omer Farooq: Created page with "Bill v Purchase Order Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while pr..."

2014-08-28T05:12:18Z

Created page with "Bill v Purchase Order Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while pr..."

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Bill v Purchase Order

Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while products are entered through a Purchase Order?
A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).

← Older revision		Revision as of 19:13, 18 November 2014
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	= Overview =		= Overview =
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−	~~'''Bill v Purchase Order'''~~
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−	'''Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while products are entered through a Purchase Order?'''
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−	A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).
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−	* The '''Bill Button''' gives the user the ability to enter a Bill for listing an '''Expense''' to pay into the ERP system and assigning it to an account. A '''Bill''' could be typically used for utilities such as a phone bill or electricity bill.
−	* Using a '''Credit''' is the opposite to a Bill where you typically get a Refund from a Supplier with no product involvement.
−	* A '''Purchase Order''' is used when ordering goods/products from a supplier or services and a '''Negitive Purchase Order''' is used as a credit for accounts and products.

← Older revision		Revision as of 07:02, 28 August 2014
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	A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).		A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).
		+
		+	* The '''Bill Button''' gives the user the ability to enter a Bill for listing an '''Expense''' to pay into the ERP system and assigning it to an account. A '''Bill''' could be typically used for utilities such as a phone bill or electricity bill.
		+	* Using a '''Credit''' is the opposite to a Bill where you typically get a Refund from a Supplier with no product involvement.
		+	* A '''Purchase Order''' is used when ordering goods/products from a supplier or services and a '''Negitive Purchase Order''' is used as a credit for accounts and products.

← Older revision		Revision as of 05:12, 28 August 2014
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−	Bill v Purchase Order	+	= Overview =
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		+	'''Bill v Purchase Order'''
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		+	'''Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while products are entered through a Purchase Order?'''

−	~~Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while products are entered through a Purchase Order?~~
	A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).		A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).