purchase order receipt Archives

Purchase Order – Purchase Journals

Overview This document will serve as an overview of the functionality available via Purchase Orders and the AFP tool to create a purchase order, purchase order receipt, and purchase journals. It will illustrate receiving an item with cost types of standard, average, and last. Definition: Whenever a purchase order is received, a journal can be […]

Purchase Order – Purchase Price Variance

Overview This document will serve as an overview of the functionality available via Purchase Orders and the AFP tool to create a purchase order, purchase order receipt, and purchase price variance. Definition: Purchase Price Variance compares the cost of an item which is coded as having a “Standard” cost type, to the purchase order price. […]