Purchase Order
Home Up

 

RealWorld Expertise.LAN/Expertise.SQL

Purchase Order

Purchase Order tracks and controls receipt and required delivery dates. Purchase Order can also report which backorders are currently available for shipment. Purchase Order automatically calculates freight and sales tax, which can be prorated into line item extensions or per unit landed cost.

  • Vendor quotes can be automatically converted to a purchase order, and the vendor invoice can be created while receiving the purchase order. The receiver has the ability to make edits in one step or multiple steps.
  • Material Requisition numbers can be used in conjunction with inventory and non-inventory items. Full support is provided for blanket purchase orders, change orders and standard purchase orders. Notes can be tracked to the purchase order. Optional drop shipments and multiple ship-from addresses are allowed.
  • User security is verified to limit the user access to the approval/issuance process. Full issuance authorization control per line item is provided. Departmental masking with password permission to edit is optional.
  • Line item receipts can be flagged for required inspection and notes can be entered at any time. Each receiver can generate a three-way match from requisition to purchase order to voucher. Line item receipts can validate units ordered, unit price and line item extended cost. Purchase orders can be issued for Inventory Management reimbursement tracking and to create invoices for products and services received. Each line can be flagged for 1099 or T-4 accumulation.
  • Purchase Order integrates with Accounts Payable, Fund Accounting, General Ledger, Inventory Management and Sales Order. If integrated with Fund Accounting, the available budget or fund limit can report encumbrance amounts.
  • Unit of measure can be converted from ordered unit of measure to receipt unit of measure to usage unit of measure.
  • Vendor part number is automatically displayed.
  • Serial numbers and lot numbers can be automatically generated.
  • Minimum/maximum order can be tracked, and override limits can be shown in dollars and units.
  • Non-inventory items are handled.
  • Model text for repetitious comments is available.
  • Freight charges can be FOB or destination.
  • A close option per line item is available and labels for each line item can be printed.
  • Close function clears remaining purchase order balances.
  • Department masking modifies default posting accounts.
 

Legal Notice
Last modified: 10/14/2018 12:05 -0400
Copyright © 1997-2018 BRET A. BENNETT. All rights reserved.
Lost in Space? Click here to return to our doorway at www.bretabennett.com

Click this link to contact us with questions or comments about this web site.