Purchase AccountingPurchasing & Procurement
Recording the financial impact of purchases based on supply documents
The Purchase Accounting system links purchase invoices to the underlying order and receipt documents. Recording item and amount details and managing surcharges and deductions make it easier to review transaction costs. Linking financial data with purchasing operations supports document tracking and reduces re-entry of data.
Benefits of Purchase Accounting
Invoices linked to order and receipt documents
Access to purchase amount details
Control over transaction surcharges and deductions
Less duplicate entry of purchase data
- Invoices linked to order and receipt documents
- Access to purchase amount details
- Control over transaction surcharges and deductions
- Less duplicate entry of purchase data
