Order, Goods Receipt & Invoice

What does this film teach?

How an order is approved by amount, how a partial delivery is received, and how the invoice becomes an accounting entry.

What do you enter?

• Order lines and the supplier
• Quantity received per line and its condition
• Invoice number, net amount and VAT

Its effect

• Stock rises with the receipt, line by line
• The order status follows what actually arrived
• The invoice writes a draft journal entry
• Next: Warehouse, stock & coding (Film 39)