Latest revision as of 06:13, 19 November 2014

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 = Overview =
-'''Bill v Purchase Order'''
-'''Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while products are entered through a Purchase Order?'''
-A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).

Difference between revisions of "5. Bill v Purchase Order"