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(Created page with " 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 throug...")
 
 
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'''Bill v Purchase Order'''
  
Bill v Purchase Order
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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?
  
Do you understand the difference between a Bill and a Purchase Order with reference to accounts being
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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.  
entered on Bills, while products are entered through a Purchase Order?
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*Using a '''Credit''' is the opposite to a Bill where you typically get a Refund from a Supplier with no product involvement.  
 
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*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.
The Bill Button gives the user the ability to enter a bill, listing an expense to pay into the ERP system and assigning
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it to an account. The bill could be used for utilities such as a phone bill or electricity bill.  
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Using a credit is the opposite to a bill. This is where you typically get a refund from a supplier with no product  
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involvement.
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A Purchase order is used when ordering goods/products from a supplier or services and a negitive purchase order is  
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used as a credit for accounts and products.
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Latest revision as of 15:37, 1 February 2012

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?

  • 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.