Purpose:
Allows adding of purchases and expenses. Only products defined in the Product and Services screen can be purchased. Use the expense to record any other purchase type.
Description:
Steps to add a purchase:
- Select option "Purchase"
- Select item from the drop down list
- Enter quantity
- Enter total amount paid for the purchase
- Check the "Pay Later" option if the purchase is made in credit
- Enter the supplier details in case of a purchase, or the expense details when entering expenses.
Notes:
- Products purchased or expenses incurred but not paid for yet (pay later option is set) are not included in the Current Settlement. If a settlement is performed with some purchases marked Pay Later, these purchases will be carried forward to the next settlement period.
- This screen allows adding of existing products. In order to add a new product, open the Products and Services screen.
How to access:
Accounts -> Add Purchases
Or
Add Purchases button on the Server toolbar
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Example
The screen shows the product purchase of 100 Pepsi cool drinks.
The screen shows the expenses entry of salary paid to a staff member.
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