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Purchase Orders - Purchase Invoices

Can you please explain what the difference is between purchase orders and purchase invoices, and where you would use a purchase invoice instaed of a purchase order?

Is there a way to print out a list of Customers and the address details and suppliers and their address details?

Thanks


Posted by Steve Price on Dec 3, 2009 4:24 PM GMT

Hi Steve,

A Purchase Order represents an order you have placed with a supplier. A Purchase Invoice represents the invoice your supplier sends you once they have filled the order. The Purchase Order has no effect on any account balance - it simply allows you to produce a professional-looking order document to send. The Purchase Invoice affects your Accounts Payable account since it represents an obligation to pay for goods or services you have received.

Also note that if you pay for the goods or services at the time you receive them, you don't need to record this as a Purchase Invoice. Instead, you can record the purchase as a Money Paid Out transaction as described here:
http://www.solaraccounts.co.uk/help/how-to-record-an-expense.php

The Customer Details report shows a list of customers including address. The Supplier Details is the equivalent supplier list.

Regards,


Posted by Mark McLaren (Solar Accounts) on Dec 3, 2009 4:47 PM GMT