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Difference between revisions of "5. Bill v Purchase Order"

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Bill v Purchase Order
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= Overview =
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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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Latest revision as of 06:13, 19 November 2014

Overview

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