Purchase Invoice

A Purchase Invoice is a bill you receive from your Suppliers against which you need to make the payment.

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1. Prerequisites

Before creating and using a Purchase Invoice, it is advised to create the following first:

1. Item
2. Supplier
3. Purchase Order

2. How to create a Purchase Invoice:

A Purchase Invoice is usually created from a Purchase Order or a Purchase Receipt. But in this type we need to create purchase invoice from the project "Citibank Limits and Threshold Management".

For creation of Purchase Invoice Follow the below steps:

1. Go to the Purchase Invoice list click on New or create purchase invoice from the project.
2. Select the Supplier.
3. The Date and the posting time is always taken as current date and time.You can also edit date and time by clicking “Edit Posting time and date” checkbox.
4. Enter the Supplier Invoice number and Supplier Invoice date.
5. Set the Due Date for payment.
6. Add Items and quantities in the Items table.
7. The Rate and Amount will be fetched.
8. Taxes and charges can be entered if given in the invoice details.
9. Save and Submit.
10. 

3.Features:

3.1 Accounting Dimensions

Project and Cost Center are treated as accounting dimensions by default.

3.2 Address and Contact

1. Supplier Address: This is the Billing Address of the Supplier.
2. Contact Person: If the Supplier is a Company, the person to be contacted is fetched in this field if it is already set in the Supplier form.
3. Shipping Address:The Shipping address of the buyer who had purchased items from the supplier.

3.3 Currency and Price list

You can set the currency in which the Purchase Invoice order is to be sent. This is fetched from the Purchase Order. If you set a Pricing List, then the item prices will be fetched from that list. Ticking on 'Ignore Pricing Rule' will ignore the Pricing rules set in Accounts > Pricing Rule.You can set the currency s "USD" and Pricing as "Standard Buying".

4.Related Topics

1. Supplier
2. Purchase Order
3. Item
4. Accounting Dimensions