In this chapter, we will cover:
Setting up purchase receivers
Printing purchase receivers
Processing receipt information
Entering/reversing receipts
Reviewing journal entry for receipt transaction
Journal entry creation for items in receipt routes
Defining payment eligibility for item removal
Creating and assigning receipt routes
Working with items in receipt routes
Transferring items to operations
Removing items from a receipt route
Reviewing item history
Purchase order template
Receipt is a process during procurement. After creating the purchase order, it is the next document that will be entered in the system. The receipt document is used for receiving the goods into your store. There are two types of receipt process to acquire the goods and services that you request on a purchase order. You must use the formal receiving process if you purchase items to inventory; and you can use either the informal or the formal receipt process when you purchase items or...