Order Costs on Purchase Orders

Purchasing Overview

Pro

A purchase order (PO) is a document that asks a vendor to deliver goods at a certain cost. When listing items on a PO, Point of Sale will suggest the item Order Cost in inventory as the cost on the PO. You can change the cost on the PO by manually editing it. This does not affect the Order Cost assigned in inventory.

When a receiving voucher is made to receive the PO items, the cost entered on the PO will be carried to the voucher, as will the vendor terms. When the receiving voucher is updated, the inventory Average Unit Cost and Order Cost will automatically be updated to reflect the change in the item cost.

Printing tags when costs change: You have the option of printing tags for the items ordered on a PO. This way the tags are ready when the items are received. Be aware however, that if the PO is ordering items at a new cost and you print the tags from the PO, the tag price will be the current inventory price. It is recommended you review and update your item prices when receiving the items on a voucher or in inventory before printing tags in this case.

Related Topics

Create a new PO

List items on a PO

Use multiple vendors for an item

Track item price and cost in inventory