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Purchase & Payable setup use for defining how purchases will be processed.  Basic configuration as below:

Table of Contents

General
Configuration FieldsConfiguration for Purchase Process
Discount Posting

To configure how to post discount in purchase documents.

Case Example:

Sample Case

$

Purchase

10

Line Discount

(2)

Invoice Discount

(1)

Net Purchase

7

Sample Case entries:

Discount Posting Options

Purchase

Invoice Discount

Line Discount

Account Payable

No Discount

Discounts are not posted separately.  

(7)



7

Invoice Discounts

The invoice discount and invoice amount are posted separately

according to Purchase Inv. Disc. Account field in the General Posting Setup

(8)

1


7

Line Discounts

The line discount and the invoice amount are posted separately

according to Purchase Line Disc. Account field in the General Posting Setup 

(9)


2

7

All Discount

The invoice and line discounts and the invoice amount are posted separately

according to Purchase Inv. Disc. Account and Purchase Line Disc. Account 

fields in the General Posting Setup

(10)

1

2

7


Receipt on Invoice

Select this option to automatically create posted receipt documents when you are posting purchase invoices.  It may use if item charges need to apply to the receipt.

If this option is not selected, only posted invoices are created. 

Ext. Doc. No. MandatorySelect this option to prevent the posting of purchase documents as invoiced without an external document number in the document header
Document Default Line Type

Specifies the default value for the Type field on the first line in new purchase documents.

You can choose between G/L Account, Item, Resource, Fixed Asset, and Charge (Item).


No Series
Assign the number series for purchase related documents and Vendor