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Working with Cash Purchases |
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Topic: Purchasing
Before you start you should know - There two methods of recording a Cash Purchases, directly onto your Bank Account or using the Cash Purchase Document. The former method does not let you record purchases you make to the same level of detail as using the Cash Purchase Document. The major difference being that the Cash Purchase Document lets you record Item Detail.
You can use the Cash Purchase Document when you pay a Supplier in full for the products or services at the point of purchase. As well as recording what was purchased, the Cash Purchase Document lets you record the payment method (e.g. Debit Card) you used to pay the Supplier. Cash Purchases work similarly to regular Bills (for which you are invoiced by a Supplier and then later pay the Bill). Indeed, the main difference between the two types of purchase is that Cash Purchases are recorded in a way that changes your cash (i.e. Bank)balance, rather than your Accounts Payable (Purchase Ledger).
Prerequisites Using salesorder.com the basics Working with Transactional Documents
Creating a new Cash Purchase See Creating new Transactions and Entering Line Items for the basic information.
When creating a Cash Purchase you need to specify the details of the payment made using the 'Payment' tab. See Entering Payment Details for more information.
Cash Purchase Key Facts
Related tasks and information Configuring Transactional Documents |