Overview
This module covers the purchasing cycle and payables management, including purchase documentation, supplier reconciliation, and payment processing. Topics include purchase orders, returns outward, and settlement discounts.
1. Purchasing cycle and documentation
- Purchase orders, GRNs, invoices, and credits
- Supplier statements and reconciliations
- Returns outward and allowances
2. Payables ledger and control account
- Posting from day books and cash book
- Contra entries and settlement discounts
- Reconciling ledger totals to control