Purchases
The Purchases module consists of Purchase Orders, Item Receipts, Bills, Bill Payments and Purchase Returns.Purchase Order Highlights
- CustomBooks™ can be set up to reflect how your business runs. For example, a vendor can also be a customer; and new items can be added on the fly even if they haven’t been previously set up.
- Screen-by-screen improvements to Purchase Order workflows. “Draft” and “Post” commands let you stay with an open Order until you are ready to move on.
- Editing existing Purchase Orders is intuitive, and a history snapshot allows you to undo any action or actions, or even revert back to a specific time.
Purchase Invoice (Bill) and Purchase Return Highlights
- Supplier and Vendor Invoices are simple to enter from existing purchase orders or basic invoice entry.
- Line items can be classified and expensed to projects as needed for simplified project accounting.
- Each invoice screen is broken out into 2 tabs that feature a separate tab for expenses and items (for inventory or assets).
- Built-in controls ensure that user entry follows best practices by only allowing items in the item tab and expenses in the expenses tab.
- “Tags” allow each line item or expense to be allocated to a project. You can add projects on the fly when you need to allocate an line item to a project not yet set up.
- No more manual Purchase Returns. CustomBooks™ gives you all the options you need to automate the process of creating a Purchase Return: Refund, Vendor Invoice for the Return, Currency options, Flexibility to return without needing to select a specific invoice, Supplier RMA numbers.
Purchase Orders - are contracts or agreements between you and your vendor that you will order and pay for products and/or services at a given price.
Item Receipts - document when the items from a Purchase Order are received. This is the point at which your inventory counts are adjusted to show the received items.
Bills - record a request from your vendor for payment of these goods/services.
Bill Payments - are created when a Bill has been paid.
Purchase Returns - are recorded when inventory is returned to your vendor for any reason.