Chapter 14: Procure-to-Pay Transactions
Once you have Vendors and Items in the account, you can start helping your client learn to use the Procure-To-Pay (PTP) transactions: Purchases, Vendor Bills, Payments, Returns, and Credits. For some companies, PTP is only for internal business purchases, but for many businesses, the entire business depends on getting this right since if they pay too much or don't buy the right products, their sales will be negatively affected.
In this chapter, we will cover the following topics:
- Using Requisitions, Purchase Requests, and Purchase Orders
- Managing Special Orders and Drop Ship Orders
- Utilizing Inbound Shipments and processing Item Receipts
- Planning for and using Vendor Bills
- Tracking Vendor Prepayments and making Vendor Payments
- Processing Vendor Returns and Vendor Credits
The business buyers and Accounts Payable (A/P) managers and employees will be your primary contacts as you work your way through these...
