Sales Order is a confirmation document created by the seller for a customer before delivering the goods or services. First, the prospective customer accepts the quote and sends a purchase order communicating that he wants to buy the product and then a sales order is created.
Information on delivery transactions including delivery summary by item, delivery summary by customer, delivery receipt recap and etc. These reports have various options and criteria to provide you a variety of delivery/billing related information and various report formats. can be used as reference later on.
A sales invoice can be simply defined as the request of payment by the customer for goods sold or services provided the seller. An invoice generally lists the description and the quantity of the item sold or service provided.
A requisition order is a form that a department must submit to initiate the purchase order process. It is the triggering document that will initiate the procurement cycle.
Allows you to define the criteria for choosing the best supplier that can include the supplier terms, price, and any additional service, choosing the best supplier to source the item is vital in order to satisfy the requestor’s item requirement.
The Purchase Order module can be a stand alone application. However, at the same time it can automate the process of generating purchase orders thru Purchase Requisition and Canvassing integration.
Goods Receipt (GR or RR)
Goods Receipts processing includes tallying the receipts of purchase order goods, entering the invoice information if accompanying the shipment, specifiying the delivery receipt number, generating back orders if it is partial delivery and mostly printing, posting the receipt and updating the inventory stocks on-hand.
The Collection report shows information about all reports that have a specified time period.
You can generate different versions of the Collection report such as collection register, collection receipt recap, cash position and summary of collections and deposits.
Accounts Payable (AP) Voucher is a document used by a company‘s accounts payable department to gather and file all of the supporting documents needed to approve the payment of a liability.
A Disbursement is the actual delivery of funds from a Bank Account or other funds. It is a payment made by a company in cash or cash equivalents during a set time period, such as a quarter or year.
Journal Voucher is an accounting record that notes the details of a transaction for record keeping and auditing purposes. The logic behind a journal entry is to record every business transaction in at least two places (known as double entry accounting)