You create a purchase invoice to record the cost of purchases and to track accounts payable. When you receive your inventory items, or when the purchased service is complete, you post the purchase invoice to update inventory and financial records and to activate payment to the vendor according to payment terms. Make sure you only post the purchase invoice once you have received the products and know the final cost of the purchase, including any additional charges.
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You create a purchase invoice to record the cost of purchases and to track accounts payable. When you receive your inventory items, or when the purchased service is complete, you post the purchase invoice to update inventory and financial records and to activate payment to the vendor according to payment terms. Make sure you only post the purchase invoice once you have received the products and know the final cost of the purchase, including any additional charges.
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