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Jim2® Business Engine Help File

Navigation: Jim2 Functions > Purchases and Expenses

Progress Payments on Purchase Orders

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There are a number of ways to manage receiving stock and invoices at different times on one purchase order.

 

Suggestion 1

Leave the original PO on Received status until all invoices have come in. Ensure the stock on the PO has the correct cost (as far as you know).

Add Expense Orders for each of the 3 invoices, linked to the Received PO. These will then roll into creditors and will ultimately provide the cost of goods for the original PO.

FINISH the original PO at $0.

 

Suggestion 2

Leave the original PO on Received status until all invoices have come in. Ensure the stock on the PO has the correct cost (as far as you know).

Make the creditor payments as Prepayments in Creditors, noting the main PO number and relevant Invoice number in the Payment Comment field.

When all 3 invoices have come in, amend the Received PO to FINISH, with the 3 invoice numbers in the Vend Inv field and/or Notes field, and apply the prepayment credits against the invoices.

 

Suggestion 3

Leave the original PO on Received status until all invoices have come in. Ensure the stock on the PO has the correct cost (as far as you know).

Add Expense Orders for the 3 invoices and pay them as normal in creditors. Do not link these to the original PO.

Add a negative expense order against the Creditor for the value of the 3 invoices to create a credit.

Finish the original PO at the correct cost and then apply the credit to clear the debt.

 

How to

Add a Document to a Purchase/Expense Order

Add a Negative Expense Order

Add a Purchase Order

Add an Amount to a PO when Finished at $0

Add an Expense Order

Add Comments to a Purchase Order

Add Freight to a Purchase Order

Add Purchase Back order

Add Stock to a Purchase Order

Add Vendor Discount

Auto Create a Purchase Order

Create a PO from a Similar or Previous PO

Create a PO Template

Create a purchase order list

Employee Reimbursements

Enter Serial Numbers

Expense Order Stock Grid

Fix Incorrect Pricing after PO on Finished Status

How does Cost of Goods work

Link Expenses to a Purchase Order

Link a Job to a Purchase Order

 

 

Manufacturing Purchase Orders

Opening Balance Purchase Order

Print a Purchase/Expense Order

Progress Payments on Purchase Orders

Purchase an Asset Under Finance

Purchase Consignment Stock

Purchase List Header

Purchase Order list

Purchase Order Reports

Purchase Order Stock Grid

Receive Consignment Stock

Receive Stock

Record One Invoice number on Multiple Purchase Orders

Record Overseas Purchases, GST and Import Costs

Return to Vendor

Round up Supplier Invoices

Scan Stock into Purchase Orders

Staff Purchases

Unprint Purchase/Expense

View or Edit a Purchase/Expense