Purchase Receipt vs Purchase Invoice

 It seems that a purchase can be entered via Purchase Receipt as well as Purchase Invoice without going through complete process of Purchase Order> Purchase Receipt> Purchase Invoice. If I bypass Purchase Receipt and directly enter Purchase Invoice, does it update the stocks?




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No, to update stock you have to create Purchase Receipt. By following complete cycle, you will get full control over percentage receipt & billing. Also it will update ordered qty from PO.

On 05-Jun-2014, at 10:43 pm, JD <jd...@gmail.com> wrote:

 It seems that a purchase can be entered via Purchase Receipt as well as Purchase Invoice without going through complete process of Purchase Order> Purchase Receipt> Purchase Invoice. If I bypass Purchase Receipt and directly enter Purchase Invoice, does it update the stocks?





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Yes, but just entering the invoice (only) plus is Payment voucher is still very useful to record purchase and payment of non-stock items such as stationary, telephone cost, insurances, electricity. Full reference to the onvoice can be made, not the case if one only writes a JV for such payments

On Thursday, June 5, 2014 7:13:36 PM UTC+2, JD wrote:
 It seems that a purchase can be entered via Purchase Receipt as well as Purchase Invoice without going through complete process of Purchase Order> Purchase Receipt> Purchase Invoice. If I bypass Purchase Receipt and directly enter Purchase Invoice, does it update the stocks?




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