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Purchase Order Purchase Requisition

This document outlines the key steps in a vendor inventory and payment system: 1) A purchase requisition is created which triggers a purchase order notification to the vendor. 2) Upon receiving the goods, a receiving report is generated which updates inventory records. 3) The vendor sends an invoice which is matched to the purchase order to update the accounts payable master file. 4) Payment is issued to the vendor from the accounts payable file.

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Shyma Antasya
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32 views2 pages

Purchase Order Purchase Requisition

This document outlines the key steps in a vendor inventory and payment system: 1) A purchase requisition is created which triggers a purchase order notification to the vendor. 2) Upon receiving the goods, a receiving report is generated which updates inventory records. 3) The vendor sends an invoice which is matched to the purchase order to update the accounts payable master file. 4) Payment is issued to the vendor from the accounts payable file.

Uploaded by

Shyma Antasya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Vendor Inventory System

Acquisition/Payment
System
Vendor Acknowledgement
Receiving Report
Purchase Order
Vendor Payment
Purchase Invoice
Purchase Requisition
_____________ _____________
Inventory File Vendor File
_____________ _____________

Purchase Order Purcha Purchase Requisition

Vendor
Acknowledgement P.O. Notification
Vendor Invoice ______________________
Receiving Reports
______________________
Purchase Order
______________________
Vendor Invoices
_____________________
_________________
Accounts
Payable Master File _____________
_______________ General Ledger
______________
1.0 Prepare
Purchase
Order &
Notification
Vendor
Inventory
System
2.0 Update
Account
Payable
3.0 Pay
Vendor

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