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Purchasing

Vendors, RFQs, purchase orders, and bills.

Purchasing is the mirror image of Sales: request, order, receive, and pay — with the goods receipt raising stock the same way a delivery lowers it.

The buying chain

  1. 1RFQ — ask several vendors to quote for what you need.
  2. 2Quotation — record what each vendor came back with.
  3. 3Purchase order — commit to the vendor you chose.
  4. 4Goods receipt — record what physically arrived; on-hand stock increases by those quantities.
  5. 5Vendor bill — the invoice from your supplier, which posts to accounts payable.

Vendors and control

  • Vendor records hold contact name, email, phone, address and payment terms.
  • Approvals gate orders above a threshold before they can be sent.
  • Performance tracks delivery reliability and spend per vendor.
Bill numbers are allocated from a series shared with Accounting's vendor bills, so the same reference is never issued twice by two different modules.