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Possible Steps in buying a product…. Mrs. Piotrowski wants to order clothes from a vendor…she fills out a purchase order…this tells the vendor she has set aside money to pay the bill. Purchase Order Buffalo Embroidery makes product and ships to LHS Bookstore.
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Possible Steps in buying a product… • Mrs. Piotrowski wants to order clothes from a vendor…she fills out a purchase order…this tells the vendor she has set aside money to pay the bill. • Purchase Order • Buffalo Embroidery makes product and ships to LHS Bookstore.
Possible Steps in buying a product… • Mrs. P. receives product and invoice..
Possible Steps in buying a product… • Invoice received and recorded into ledger/accounting records.
Possible Steps in buying a product… • Mrs. P. sees 3 shirts are not printed correctly and sends them back to Buffalo Embroidery. They send her a credit memo.
Possible Steps in buying a product… • Credit memo received and changed on account ledger…
Possible Steps in buying a product… • Payment is made on what is currently owed. Account is updated…