Purchase Settings / Control File

Purchase Settings or Control File

Setting of Goods In Transit Account (GIT) in Purchase Settings  

(Purchase Order -> Purchase Settings)

Purchase Settings or Purchase Control File has many more parameters to set including the below.

1. Inventory quantity to show on Purchase Order – Display the available stocks on Purchase or Direct Purchase Receipt Screens.
2. Do you want to receive more quantity than the ones in Purchase Order – In case, you receive more than the Ordered Quantity from PO, technically you are not supposed to receive them. However under special circumstances, you need to do.
3. Show the additional parameters on the Purchase Order / receipt screens
4. Do you want to enable additional charges like below. This helps to capture the additional details for the Purchase setting file.
   1. Shipping charges
   2. Packing charges
   3. Post charges
   4. Insurance etc.
5. Taxes and how to calculate are also set here.

One of the new feature enabled here is “Goods In Transit” feature. This helps to separate the materials receipt process and Supplier Invoices and Payments process.

Enable GIT account feature in “Purchase settings” file.

Here we have 2 options to set the GIT account.

1. Here you can have ONE account for all Purchase Orders
   1. Define the GIT Account in Account Master
   2. Attach this account in Purchase Settings.
2. Each Purchase Order can have its own GIT Account.
   1. Here you can also define the Account category (either Inventory or Payable type) – this is based on each Clients needs.
   2. Each GIT Account for each Purchase Order will have the narrative as “PO ID – Supplier Name”

This helps to manage the Purchase settings, its transactions etc.

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