Accounts Payable

Purchase orders

Create purchase orders for submitting requisitions to your vendors. The cost for acquiring products is tracked for inventorying, reporting, and dynamic pricing. Dynamic pricing allows you to markup product prices based on their acquisition cost. You may also assign a purchase order to a project for project expense reporting.

Purchase orders support the following additional features:

Multiple currencies

Invoices

Create invoices for purchase orders to track money owed to vendors. You may also create invoices without a purchase order, specify tax rates, specify payment terms, and more.

Invoices support the following additional features:

Multiple currencies
Postal mailing

Expenses

Track expenses against invoices paid to vendors. You may also mail an expense to a vendor as a physical check.

Expenses support the following additional features:

Postal mailing

Receiving

You may optionally choose to manually receive purchase orders and non-PO invoices. Doing so allows more accurate inventory reporting as inventory levels and product costs will not be updated until you indicate that the item has been physically received.