You can also save the seller details and items ordered to create a future purchase invoice faster for recurring orders.Ĭalculate taxes: Once you have entered the details and taxes applicable, the software will calculate the amount of tax and generate the purchase invoice for you. You can also customise the format by editing the details required for generating a purchase invoice.Įnter the relevant details: Once you have selected a format template for your purchase invoice, enter the details, including the seller details, items purchased, amount due, taxes, etc. Select a format for issuing a purchase invoice as per your business requirements. You can generate a purchase invoice by following the steps as explained:Ĭhoose a format: myBillBook software has a variety of formats to choose from. With myBillBook accounting software, you can make this process highly efficient and easy for yourself. For every purchase order that gets fulfilled for your business, a purchase invoice needs to be issued. How to generate a purchase invoice using myBillBook?Įvery business places many orders for restocking its inventory regularly. On the other hand, a PI always contains the cost of the items and the total amount due by the buyer to the seller. A PO may not have the price of the products or items involved in the transaction.A PI indicates the end of the transaction. A PO indicates the beginning of a business transaction. It is only once the order is placed, fulfilled, and payment settled (paid or settled to be paid in future), that the buyer issues a PI.
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