Goods and/or Services Received|

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Recognise Acquisition

The receipt processed in ACOS of goods or services received from the vendor is a critical point in the cycle, because it is when most companies first recognise the acquisition and related liability in their books.

Supplier Invoice

The supplier invoice received from the vendor, is captured in ACOS against the purchase order. It shows the amount owed for an acquisition. It indicates the description and quantity of goods, items/services received, price (including freight), cash discount terms, date of billing, and total amount.

Credit Note (Memo)

Process the Credite Note document in ACOS (received from the vendor) as an indication of a reduction in the amount owed to the vendor because of returned goods or an allowance granted.

ACOS Procurement and Supplier Management

The Best and Simplest Procurement Software