How to Create Purchase Order,Receive Items,Create Vendor Bill,Make Payments,Return Items to Vendor, Refund Processing
Section 1
What you’ll learn
- Learn High Level Business Process Flow of Procure to Pay , Purchase Returns in Oracle NetSuite..
- Learn High Level Business Process Flow of How Employees Submit their Expenses in Oracle NetSuite..
- Learn What Features Need to be Enabled in Oracle NetSuite to Raise Purchase Requisition & Employee Expenses..
- Learn What is an Employee Center , Different Components in Employee Center and How to Personalize it in Oracle NetSuite..
- Learn How to Enable Purchasing , Vendor Payment Features in Oracle NetSuite..
- Learn How to Setup Vendor Credit Limit, Approval Routing of Purchase Orders in Oracle Netsuite..
- Learn How to Setup Accounting Preference for Purchasing, Receiving Items, Vendor Bills & Accounts Payable in Oracle NetSuite..
- Learn What is a Purchase Requisition, Purchase Request , Difference between them and How to Create in Oracle NetSuite..
- Learn What is a Purchase Contract, Blanket Purchase Order , Differences between them in Oracle NetSuite..
- Learn How to Create Purchase Orders from Purchase Requisition, Receive Purchase Order Items in Full & Partially & Check Inventory in Oracle NetSuite..
- Learn How to Create Purchase Orders Directly without Purchase Requisition in Oracle NetSuite..
- Learn How to Create Vendor Bills for Received Purchase Orders, Set up 2 Way or 3 Way Bill Matching and Make Vendor Payments in Oracle NetSuite..
- Learn What are the Standard Purchasing & Payable Reports in Oracle NetSuite..
- Learn High Level Business Process of Purchase Returns and Enable Purchase Return Features in Oracle NetSuite..
- Learn How to Setup Vendor Return Approval Process, Approve & Dispatch Vendor Returns and Claim Refund or Adjust Credit Note Against Vendor Bills..
Course Content
- High Level Overview of Procure to Pay Business Process & Relevant Roles –> 1 lecture • 10min.
- How to Enable Purchase Requisition, Purchasing, Vendor Payments & Credit Limit. –> 3 lectures • 13min.
- How to Setup Accounting Preference for Purchasing, Item Receiving & Vendor Bills –> 1 lecture • 5min.
- How to Create Purchase Request, PO Orders, Receive Items & Create Vendor Bills. –> 5 lectures • 47min.
- Purchase Returns, Vendor Credit, Applying Vendor Credit to Bill –> 2 lectures • 15min.
Requirements
Section 1
- High Level Over View of Procure to Pay Business Process in Oracle NetSuite.
- Relevant Roles Required /Default Roles available in Oracle NetSuite to Perform the Procure to Pay Business Function.
Section 2
- How to Enable the Features in Oracle NetSuite to Create Purchase Requisition, Entering Employee Expenses and Activate the Employee Centre Role.
- How to Enable Purchasing & Vendor Payment Feature in Oracle NetSuite.
- How to Setup Vendor Credit Limit.
- How to Setup the Approval Routing for Purchase Requisition, Purchase Oder, Expenses Reports and Vendor Payments.
- How to Set the Parameters for getting the Ageing Reports.
Section 3
- How to Set up Parameters for Defining Purchase Discount Account, Default Bill Quantity & Bill Value Variance Account, Default Expense Account.
- How to Set up Parameter for Vendor Bill Status & Accounting Preference Receiving Items.
Section 4
- What is a Purchase Requisition, Purchase Request, and the Difference between them in Oracle NetSuite.
- What is a Purchase Contract, Blanket Purchase Order in Oracle NetSuite and the Difference between them.
- How to Setup Employee Expenses Limit, Purchase Limit, and the Approver Limits.
- What is a Standard Workflow, Custom Workflow and how to Enable Custom Workflow in Oracle NetSuite.
- How to Create a Purchase Requisition & Create a Purchase Order from Purchase Requisition.
- How to Create a Purchase Order Directly without a Purchase Requisition.
- How to Receive the Purchase Order Items in Full & Check Inventory Status.
- How to Create a Vendor Bill from Purchase Order
- What is a 2 Way & 3 Way Bill Matching in Oracle NetSuite
- Standard Purchasing & Payable Reports Available in Oracle NetSuite.
Section 5
- High Level Process Overview of Purchase Returns & Refund Processing.
- Default Roles Required/Available in Orace NetSuite to Perform this Function.
- How to Setup Purchase Returns , Create & Approve Vendor Returns, Dispatch Items to Vendors , Create a Credit Note & How to Apply it against a Vendor Bill or Purchase Order.
Get Tutorial
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