1. Vendor

Vendor

2. Purchase

Purchase Process

Why systematic purchase management?

If a startup company There may be only the owner and/or assistant, so the purchase record may only be retrospective, i.e. it was purchased before. Then take the receipt and save it in the system.

As the company grows more have more employees In order to prevent improper purchases, it is necessary to have a system to help control, for example, if there is a request for an order, it must be approved first. and the purchase of all products and services of the company This must be done through the purchasing department only.

The purchase value affects cost of running a business A company that can manage the order well. will make the company have a good performance

The credit term received from the partner will affect the company's cash flow.

1. Purchase Request

Purchase Request Purchase Request (PR)

2. Purchase Order

Purchase Order (PO)

3. Receive goods/services

Goods Receipt (GR)

Debit note/Debit note Accounts Payable (AP)

Account Credit Note (ACN)

4. Payment

Payment Voucher (PV)

Advance Payment (PA)


💡 Nested Tips : In case your company does not need a purchase requisition (PR), you can skip to use the document in the process.
Purchase Order (PO) or
Accounts Payable (AP)

Updated on: 30/09/2022