Purchase Module in Accoxi

Find out the features available on Purchase Module in Accoxi

Purchase Forms in ACCOXI

A purchase means to take possession of a given asset, property, item, or right by paying a predetermined amount of money for the transaction to be completed successfully. In other words, it's an exchange of money for a particular good or service. ACCOXI provides different forms of purchase to account for all the purchase-related transactions.

Purchases

PURCHASE INVOICE

A purchase invoice is a commercial document or bill presented to a buyer by a seller or service provider for payment within a stated time frame that indicates what has been purchased, in what amount, and for what price. A purchase invoice can be used to prove that something was bought and how much was paid for it. In ACCOXI, you can create invoices of purchases that you made with your suppliers.

BILLS

Purchase Bill is the receipt received by the customer for the product he has purchased. This bill is called Sales Bill by the vendor as he is selling the product and the same is termed as Purchase Bill by the customer as he is purchasing some items from the vendor. In Accoxi, the user can generate the bills to track the payments owed to the suppliers and also can create recurring bills for purchases that happen at regular intervals.

PAYMENTS MADE

Vendor payment means a money payment made on behalf of a participant directly to a provider of goods or services. The process of payment made to the vendors is one of the final steps in the Purchase cycle.

PURCHASE ORDER

A purchase order is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers.

RECURRING PURCHASE INVOICES

A recurring invoice is merely an invoice that is sent to the same customer at regular intervals, containing the same invoice details. It might be more efficient for you to set up a recurring invoice, to allow your invoices to be sent to your customers automatically, hassle-free.

DEBIT NOTES

A debit note is a document used by a vendor to inform the buyer of current debt obligations, or a document created by a buyer when returning goods received on credit. The debit note can provide information regarding an upcoming invoice, or may serve as a reminder for funds currently due.

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